Centre forms panel to suggest alternative model of Pradhan Mantri Fasal Bima Yojana; Head - CEO of PMFBY, Ritesh Chauhan

The Government of India has constituted a working group to suggest alternative sustainable, financial and operational models for the Pradhan Mantri Fasal Bima Yojana (PMFBY) to roll out an overhauled PMFBY scheme from Kharif 2022.
The panel will be headed by CEO of PMFBY, Ritesh Chauhan.
The need for an alternative model was felt as after many states started quitting the scheme due to high burden of subsidy on the state government.
The working group will find out reasons for high premium rates and suggest mechanism to rationalize them.
It shall also conduct detailed study on the feasibility to adopt suitable technology-based approaches for early settlement of claims by modifying traditional methodology of Crop Cutting Experiments (CCEs) for loss estimation.
The working group will have principal secretaries (agriculture) of Maharashtra, Madhya Pradesh, Rajasthan, Gujarat, Assam, Tamil Nadu, Uttar Pradesh and Odisha as members apart from top executives of public sector insurance companies.