Wow, Massive Scam!
34 Cr people enrolled in PMSBY and 16 Cr in PMJJBY. Assuming 80% are fake enrolments (some people in the article claim it to be 90%), it's almost 6000 Cr debited from people's accounts without their knowledge. There are three things wrong here: - Public Sector Banks broke people's trust - Good insurance schemes will die because of such sham practices - People won't make claims because they don't know that they are insured. So, if someone dies or gets critically injured, no compensation is provided.
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by Kamlesh
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But bro why not give farmers insurance instead of msp
Because that money doesn't actually reach them. "While public sector insurance companies settled 90 per cent of farmers’ claims, private sector companies such as Bharti AXA, Reliance General Insurance, and Future General India Insurance pocketed enormous profits of nearly Rs 39,201 crores without paying farmers their rightful dues." How does a farmer claim insurance? By logging onto a mobile app. How many farmers are tech literate enough to use insurance apps in India? No one cares
The government’s ambitious flagship Pradhan Mantri Fasal Bima Yojana is marred by allegations of irregularities. Read this!
https://theprobe.in/stories/why-the-pradhan-mantri-fasal-bima-yojana-needs-a-complete-revamp/?fbclid=PAAaaqxgbCpN4sgKwIi6ya4lgBuZOzDhzeI_LA7eH9oUVJN6qRvR8UZMDANC4