Shivraj Singh Chouhan asks officials to probe paltry payments under PM Fasal Bima Yojana

In the state of Madhya Pradesh, Chief Minister Shivraj Singh Chouhan directed senior officials to investigate why farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY) have received unusually low compensation despite insured claims. The article highlights systemic delays, possible under-assessment of crop losses, and administrative bottlenecks in insurance claim processing. Financially, it raises concerns about the sincerity of parametric crop-insurance schemes and the adequacy of payments, especially to small and marginal farmers. Legally, the probe may touch upon government contractual obligations, public-private insurer accountability, and regulatory oversight by the Insurance Regulatory and Development Authority of India (IRDAI).