Pradhan Mantri Fasal Bima Yojana Benefits | Pradhan Mantri Fasal Bima Yojana Eligibility | Pradhan Mantri Fasal Bima Yojana Documents Required | How To Apply For Pradhan Mantri Fasal Bima Yojana Online | Pradhan Mantri Fasal Bima Yojana Online Registration: Pradhan Mantri Fasal Bima Yojana (PMFBY) is a scheme launched by the Government of India in 2016 to provide insurance coverage for farmers against crop loss due to natural calamities such as drought, floods, and hailstorms. The scheme aims to provide financial support to farmers in case of crop loss and to help them in stabilizing their income.
The scheme provides insurance coverage to farmers against crop loss due to natural calamities. The premium rates for the scheme are low, with farmers paying only 2% for Kharif crops, 1.5% for Rabi crops, and 5% for annual commercial and horticultural crops. The scheme has an easy enrollment process, with farmers able to enroll through Common Service Centers (CSCs), Banks, and Agriculture department. The scheme aims for timely settlement of claims and provides for an easy and transparent claim settlement process. The scheme also covers post-harvest losses that occur up to 14 days after harvest. The scheme also covers losses due to unseasonal rains, hailstorm, landslides, and inundation, which were not covered under the previous scheme. The scheme covers all districts of the country. The scheme covers all food and oilseed crops, including annual commercial and horticultural crops. The scheme has an innovative approach for remote and inaccessible areas, where the farmers can provide self-declaration as evidence of crop. The scheme has easy and transparent claim settlement process, with the help of remote sensing technology. The scheme also provides subsidy for farmers, with the government bearing the entire premium for farmers in rain-fed areas.
Pradhan Mantri Fasal Bima Yojana Objective:
The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a government-backed crop insurance program in India. Its objective is to provide financial protection to farmers against crop loss due to natural calamities and to encourage them to adopt modern agricultural practices. The scheme aims to reduce the premium burden on farmers and increase the area coverage under crop insurance. It also aims to ensure prompt settlement of claims to farmers in the event of crop loss. The scheme is implemented by the Ministry of Agriculture and Farmers’ Welfare.
Pradhan Mantri Fasal Bima Yojana Main Key Features:
The main key features of the Pradhan Mantri Fasal Bima Yojana (PMFBY) include:
- Coverage for all food and oilseed crops: The scheme provides insurance coverage for all food and oilseed crops grown across the country.
- Low premium rates: The premium rates for farmers are kept low to make the scheme more affordable.
- Prompt settlement of claims: The scheme aims to ensure prompt settlement of claims to farmers in the event of crop loss.
- Area-based and weather-based insurance: The scheme includes both area-based and weather-based insurance options, which provide coverage for loss due to natural calamities such as drought, flood, and hailstorms.
- Use of technology: The scheme makes use of technology to reduce the administrative burden and increase transparency.
- Government subsidy: The government provides a subsidy to farmers to further reduce the premium burden.
- Coverage for post-harvest losses: The scheme also provides coverage for post-harvest losses.
- Coverage for localized risks: The scheme also provide coverage for localized risks such as inundation, landslides, and fire.
- Implementation through the Public-Private Partnership (PPP) mode: The scheme is implemented through the Public-Private Partnership (PPP) mode, with the insurance companies and the government sharing the risks and responsibilities.
Benefits of Pradhan Mantri Fasal Bima Yojana:
The Pradhan Mantri Fasal Bima Yojana (PMFBY) offers several benefits to farmers, including:
- Financial protection: The scheme provides financial protection to farmers against crop loss due to natural calamities, which can help them recover from financial losses and continue farming.
- Reduced premium burden: The low premium rates and government subsidies help to reduce the financial burden on farmers.
- Increased coverage: The scheme increases the area coverage under crop insurance, providing more farmers with protection against crop loss.
- Prompt settlement of claims: The scheme aims to ensure prompt settlement of claims to farmers in the event of crop loss, which can help them to recover their losses quickly.
- Encouragement to adopt modern agricultural practices: The scheme encourages farmers to adopt modern agricultural practices, which can improve crop yields and overall agricultural productivity.
- Use of technology: The scheme makes use of technology to reduce the administrative burden and increase transparency, which can help to improve the efficiency and effectiveness of the scheme.
- Coverage for localized risks: The scheme also provide coverage for localized risks such as inundation, landslides, and fire.
- Coverage for post-harvest losses: The scheme also provides coverage for post-harvest losses.
- Implementation through the Public-Private Partnership (PPP) mode: The scheme is implemented through the Public-Private Partnership (PPP) mode, with the insurance companies and the government sharing the risks and responsibilities. This will help to increase the accountability and reduce the administrative burden.
Pradhan Mantri Fasal Bima Yojana Criteria and Eligibility:
The Pradhan Mantri Fasal Bima Yojana (PMFBY) has certain criteria and eligibility requirements for farmers to participate in the scheme. Some of these include:
- Crop Coverage: The scheme covers all food and oilseed crops grown across the country, including Kharif, Rabi, and Horticultural crops.
- Area Eligibility: All farmers, including sharecroppers, tenant farmers, and oral lessees, are eligible to participate in the scheme for the land under their operational holding.
- Premium: The premium rate for the scheme is fixed by the government and varies depending on the crop and the type of insurance. The farmers have to pay only 2% of the premium for Kharif crops, 1.5% for Rabi crops and 5% for the annual commercial and horticultural crops.
- Insurance Unit: The scheme uses “Insurance Unit” to define the area under cultivation. The insurance unit is defined as the area sown to a crop, or the area on which a crop is grown, such as a tree or a vine.
- Type of insurance: The scheme includes both area-based and weather-based insurance options. Area-based insurance covers all farmers in a particular area, regardless of whether they have suffered crop loss or not. Weather-based insurance covers farmers only if their crop is affected by specific weather conditions, such as drought or flood.
- Claim Settlement: Claims for crop loss will be settled by the insurance companies, with the government providing financial support for the claims.
- Adoption of Technology: The scheme makes use of technology to reduce the administrative burden and increase transparency. This includes the use of technology for crop cutting experiments, mapping, and data collection.
- Government subsidy: The government provides a subsidy to farmers to further reduce the premium burden.
- Farmer’s consent: The scheme participation is voluntary and based on the consent of the farmers.
- NRI farmers: Non-Residential Indian (NRI) farmers are also eligible for the scheme.
How to Apply for Pradhan Mantri Fasal Bima Yojana Online Registration:
Farmers can apply for the Pradhan Mantri Fasal Bima Yojana (PMFBY) through online registration. The process typically involves the following steps:
- Visit the official PMFBY website: Go to the official PMFBY website and click on the “Apply Online” link to start the registration process.
- Fill in the registration form: Fill in the registration form with personal details such as name, address, and contact information.
- Upload required documents: Upload the required documents such as Aadhaar card, PAN card, and land ownership documents.
- Select the crop and insurance type: Select the crop and insurance type (area-based or weather-based) that you wish to insure.
- Provide details of the area under cultivation: Provide details of the area under cultivation, including the size of the land, the type of crop, and the date of sowing.
- Pay the premium: Pay the premium for the insurance coverage using an online payment method such as credit card, debit card, or net banking.
- Print the policy: After the payment is successful, a policy will be generated, which can be printed for future reference.
- Keep your policy number safely, it will be required for future references.
It’s important to note that the online registration process may vary depending on the state, So, it is advisable to check with the state department of agriculture or insurance company for the specific registration process in your state.