PMFBY a big ‘fraud’, says former Minister -40,000 crores

[bhaigan]

Private insurance companies are rejecting farmers’ claims and making more profit, alleges Sharan Prakash Patil

 

Pointing to the poor rate of claim settlement in Pradhan Mantri Fasal Bima Yojana (PMFBY), former Minister and Congress leader Sharan Prakash Patil on Wednesday alleged that the scheme was designed not to benefit the farmers, but to allow private insurance companies to loot public money.

Addressing a media conference along with former legislator B.R. Patil and District Congress Committee president Jagadev Guttedar here, Mr. Patil said that a private insurance company had ‘plundered’ nearly ₹200 crore in Kalaburagi district alone in the last four years.

[bhaigan]

Jagan anna is also part of this scam

it was implemented more in Andhra Pradesh