Pradhan Mantri Fasal Bima Yojana – The initiative has been launched to provide security to the country’s farmers. Under this scheme, the central government provides crop insurance cover to farmers in case of crop failure, meaning that if the crop fails, the insurance claim amount is provided to the farmers. The government has replaced the previous two schemes with the Prime Minister’s Crop Insurance Scheme.
The two previous schemes were the National Agriculture Insurance Scheme and the Modified National Agriculture Insurance Scheme. Both of these schemes had significant shortcomings. The biggest drawback in both of these schemes was their lengthy claims process, which made it difficult for farmers to claim compensation in case of crop failure. This is why the Prime Minister’s Crop Insurance Scheme was introduced in place of these two schemes. If you are a farmer and wish to avail the benefits of the crop insurance scheme, you will need to read this article in detail until the end.
PM Fasal Bima Yojana 2024
The Prime Minister’s Crop Insurance Scheme, aimed at benefiting farmers, was launched by Prime Minister Narendra Modi. The inauguration of this scheme took place on May 13, 2016, in Sehore, Madhya Pradesh. Under PMFBY, a provision has been made to provide insurance coverage to farmers in case of crop failure. Taking into consideration the financial condition of each farmer, the premium amount has been kept quite low.
Since the inception of this scheme by the central government, up to now, insurance cover has been provided to 36 crore farmers. A total insurance claim amount of 1.8 lakh crore rupees has already been provided to farmers through this Pradhan Mantri Fasal Bima Yojana. The objective of this scheme is to reach out to as many farmers as possible so that compensation for losses due to natural disasters can be provided. Soon, the government will initiate the “Ghar-Ghar Mitra Abhiyan” to provide farmers with crop insurance policies without any hassle, ensuring that more and more farmers can benefit from this scheme.
Latest Update:- Apply for compensation on crop loss before July 31 for damaged crops
Due to the ongoing monsoon rains, several states are experiencing a continuous spell of rainfall. The agricultural powerhouse states of Punjab and Haryana are grappling with severe waterlogging due to excessive rainfall. In such circumstances, the Prime Minister’s Crop Insurance Scheme is an excellent option for farmers. Under the Prime Minister’s Crop Insurance Scheme, if a farmer incurs individual losses along with crop damage, they are eligible for compensation.
In cases of crop destruction due to natural disasters, insurance companies provide compensation to farmers. During this period of climate crisis, it is advisable for farmers to get their crops insured. Through this scheme, farmers can become eligible for compensation in case of crop failure. The government is currently accepting applications for the insurance of Kharif crops. Farmers can visit the portal and insure their crops under the Prime Minister’s Crop Insurance Scheme before July 31, and avail of its benefits. Additionally, farmers can also apply through the Farmer Service Centers.
Information about Prime Minister Crop Insurance Scheme
| Scheme Name | Pradhan Mantri Fasal Bima Yojana |
| Initiated By | Prime Minister Narendra Modi |
| Commencement Date | May 13, 2016 |
| Ministry | Ministry of Agriculture and Farmers’ Welfare |
| Beneficiaries | Farmers across the country |
| Objective | To provide compensation for crop-related losses to farmers |
| Maximum Claim Amount | 2 lakh rupees |
| Application Process | Online/Offline |
| Official Website | https://pmfby.gov.in/ |
Objective Of Pradhan Mantri Fasal Bima Yojana
The primary objective of launching the Pradhan Mantri Fasal Bima Yojana by Prime Minister Narendra Modi is to provide financial assistance to distressed farmers who have suffered crop losses due to natural disasters. This initiative aims to encourage farmers to adopt modern and innovative agricultural practices and ensure stability in their income, thereby promoting continuous agricultural productivity. Under this scheme, the government provides different financial amounts to farmers based on the extent of crop damage. Farmers from across the country can apply for and benefit from this scheme.
Information Has To Be Given 72 Hours In Advance
Under the Pradhan Mantri Fasal Bima Yojana, it is the responsibility of farmers to inform the agriculture department within 72 hours of crop damage caused by natural disasters. Additionally, farmers need to submit a written complaint to the district administration’s agriculture department, providing a detailed account of their crop losses. As soon as the complaint is received, the district administration’s agriculture department initiates the necessary action. Information is promptly conveyed to the insurance company, which then begins the process of providing insurance coverage to the farmer upon receiving the information.
The Claim Amount Received Under PM Fasal Bima Yojana.
To avail the benefits of the Pradhan Mantri Fasal Bima Yojana, farmers are required to file a claim for crop losses. Farmers can file a claim if their crops are damaged due to natural disasters or if there is a significant reduction in crop yield.
Under the Prime Minister’s Crop Insurance Scheme, different claim amounts have been fixed for various crops. For instance, the maximum claim amount per acre for cotton crops is 36,282 rupees, for rice crops it is 37,484 rupees, for pearl millet crops it is 17,639 rupees, for maize crops it is 18,742 rupees, and for mung bean crops it is 16,497 rupees. This claim amount is credited to the farmers’ bank accounts after the confirmation of crop damage through a survey.
Main Points Of Prime Minister Crop Insurance Scheme
- Under the Pradhan Mantri Fasal Bima Yojana, farmers receive insurance coverage in case of crop losses due to natural disasters.
- Farmers are required to pay premiums under this scheme, which are 1.5% for Rabi crops, 2% for Kharif crops, and 5% for commercial and horticultural crops.
- Farmers who opt for crop insurance themselves pay a significantly lower premium. The government subsidizes the maximum premium to ensure that no farmer is deterred from obtaining insurance coverage, making it easier to compensate for losses during disasters.
- If crops remain in the field for up to 14 days after harvest, farmers can still claim the insurance amount if they remember to do so during this period.
- The PMFBY leverages technology to streamline settlement processes, reducing paperwork and simplifying claim settlements.
- Agriculture Insurance Company of India (AIC) administers the Pradhan Mantri Fasal Bima Yojana.
- The budget allocation for this scheme was 5,550 crores in the 2016-17 fiscal year.
- Since its inception, the scheme has provided insurance coverage to 36 crore farmers.
Which Crops Are Included In PM Fasal Bima Yojana?
- Food Crops (such as rice, wheat, millet, etc.)
- Annual Commercial Crops (like cotton, jute, sugarcane, etc.)
- Pulses (including lentils, chickpeas, peas, and lentils, soybeans, mung beans, urad beans, and cowpeas, etc.)
- Oilseeds (like sesame, mustard, castor, safflower, peanuts, soybeans, sunflower, toria, flaxseeds, niger seeds, etc.)
- Horticultural Crops (including bananas, grapes, potatoes, onions, cassava, cardamom, ginger, turmeric, apples, oranges, guavas, mangoes, guavas, papayas, pineapples, chickoo, tomatoes, peas, cauliflower, etc.)
How To Register Online For Pradhan Mantri Fasal Bima Yojana?
- First, you need to visit the official website of the Pradhan Mantri Fasal Bima Yojana.
- After that, the homepage of the website will appear before you.
- On the homepage, you should click on the “Farmer Corner Apply for Crop Insurance yourself” option.
- Afterward, the Farmer Application page will open before you.
- Where you need to click on the “Guest Farmer” option.
- Upon clicking, a registration form will appear before you.
- Now, you will need to carefully enter all the required information in this form, including:
- Farmer Details
- Residential Details
- Farmer ID
- Account Details
- After entering all the information, you will need to input the captcha code provided.
- Following this, you should click on the “Submit” option.
- In this manner, the application process will be complete.
How To Know Crop Insurance Amount And Premium In PMFBY?
- To begin, you must visit the official website of the Pradhan Mantri Fasal Bima Yojana.
- Afterwards, the website’s home page will appear.
- On the home page, you need to click on the “Insurance Premium Calculator” option.
- Upon clicking, a new page will open before you.
- On this page, you will need to enter all the details for premium calculation.
- This includes selecting the crop season (Rabi/Kharif), year, scheme name, your state, district, and the crop, among others.
- Afterward, you’ll need to enter the area of your field in hectares.
- Once you have entered all the information, click on the “Calculate” option.
- As soon as you click, you will receive information about your crop insurance amount and its premium.
- This way, you can easily check the crop insurance amount and premium in the Pradhan Mantri Fasal Bima Yojana.
Process To Apply Offline For Prime Minister Crop Insurance Scheme
If a farmer cannot apply online themselves, they can apply for crop insurance through the offline process. Below is the process for offline application, which you can follow to easily apply offline:
- First, you need to visit your nearest bank branch.
- There, you can obtain the application form for the Pradhan Mantri Fasal Bima Yojana.
- Afterward, carefully fill in all the required information in the application form.
- Attach all the necessary documents as requested in the form.
- You will then need to submit this application form back to the bank branch.
- Once you’ve submitted the application form, you will receive an acknowledgment receipt, which you should keep safely for future reference.
- In addition to this, you can also choose to apply for crop insurance offline at your nearest Common Service Center or directly at the insurance company.
How To Download PM Fasal Bima Yojana Mobile App?
The Central Government has launched a mobile app called “Crop Insurance” for the implementation of the Pradhan Mantri Fasal Bima Yojana. Through this app, farmers can easily access various services, including registration, information on crop insurance premiums, and filing crop loss claims. Here is the process for downloading the Crop Insurance App:
- To begin, you should first visit your mobile phone’s app store.
- Afterward, you need to enter “Crop Insurance” into the search box and initiate the search.
- You will then see various search results, and you should select the official app from here.
- Now, you should click on the “Install” option.
- After clicking, the app will be downloaded to your mobile after a short while.
- Once the app is downloaded, you can easily access all kinds of information related to crop insurance.