Tuesday, August 6, 2024

BANKING

Union Minister Shivraj Singh Chouhan declared that insurance companies face a 12% penalty for delayed PMFBY claim payments, deposited directly into farmers' accounts. He addressed the main causes of delays and highlighted improvements under PMFBY, including increased applications and coverage, tackling past issues effectively.

from Banking/Finance-Industry-Economic Times https://ift.tt/Do0m9wM
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