MoAFW launched DigiClaim for claim disbursal through National Crop Insurance Portal (NCIP)

Mar 24, 2023 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Ministry of Agriculture & Family Welfare (MoAFW) on March 23, 2023, issued a notification regarding the launch of DigiClaim for claim disbursal through the National Crop Insurance Portal (NCIP).

The following has been stated namely: -

• National Crop Insurance Portal’s digitized claim settlement module namely DigiClaim was launched under the ambit of Pradhan Mantri Fasal Bima Yojana (PMFBY)

• Claims will be disbursed electronically, which will benefit the respective farmers. 

• Farmers’ claims will be processed directly to their respective bank accounts in a transparent and accountable manner. This technology has been enabled through the integration of the National Crop Insurance Portal (NCIP) and the Public Finance Management System (PFMS).

• This would directly impact the claim reversal ratio, which is expected to go down with DigiClaim. 

• Another noteworthy feature of this digital advancement is that farmers would be able to track the claim settlement process on their mobile phones in real-time and avail the scheme’s benefits.

 

[Release iD: 1909895]

 


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