Pradhan Mantri Fasal Bima Yojana: Fasal Bima Yojana, also known as the Crop Insurance Scheme, is a significant initiative introduced by the government to support farmers in India. This scheme aims to provide financial protection to farmers in case of crop failure due to natural calamities such as drought, floods, pests, or diseases. The Fasal Bima Yojana ensures that farmers do not face financial distress and helps them sustain their livelihoods during difficult times. It operates by offering insurance coverage for pre-specified crops at different stages of cultivation. By participating in this scheme, farmers can mitigate risks and uncertainties associated with agricultural activities.
Pradhan Mantri Fasal Bima Yojana
Farmers pay a small premium while the government subsidizes the rest, ensuring compensation for losses and promoting agricultural stability nationwide. In the event of crop failure due to climate change, pests, or diseases, this scheme provides financial aid and insurance coverage to farmers. It aims to safeguard farmers against unforeseen events that could harm their livelihoods, mitigate risks in agriculture, and ensure farming community sustainability. The scheme helps farmers recover from crop losses caused by adverse weather or pests, promoting resilience in the agricultural sector during crises.
Pradhan Mantri Fasal Bima Yojana Details
| Scheme Name | Pradhan Mantri Fasal Bima Yojana |
| Initiated By | Prime Minister Narendra Modi |
| Commencement | May 13, 2024 |
| Ministry | Ministry of Agriculture & Farmers Welfare |
| Beneficiaries | Farmers across the country |
| Objective | Compensation for crop-related losses |
| Maximum Claim Amount | Rs. 2 lakhs |
| Application Process | Online/Offline |
| Category | Sarkari Yojana |
| Official Website | https://pmfby.gov.in/ |
Pradhan Mantri Fasal Bima Yojana Practices and Contributes
Additionally, the Fasal Bima Yojana promotes sustainable farming practices and contributes to the overall growth of the agricultural sector in the country. The government has launched this Yojna to aid farmers in need by offering financial assistance to those affected by natural disasters, climate change, pests, or diseases. The scheme aims to support farmers in overcoming challenges and maintaining their livelihoods. It also promotes sustainable agricultural practices and enhances farmers’ well-being nationwide to ensure the stability and growth of the agricultural sector.
Pradhan Mantri Fasal Bima Yojana Benifits
The benefit of the Pradhan Mantri Fasal Bima Yojana extends beyond just financial support for farmers in the event of crop loss. This government-backed crop insurance scheme also helps in stabilizing farmers’ income by mitigating risks associated with unforeseen natural calamities, pests, and diseases that can affect their agricultural produce. By providing a safety net through insurance coverage, the PMFBY encourages farmers to adopt modern agricultural practices and invest confidently in their crops without the fear of complete financial loss during difficult times.
Pradhan Mantri Fasal Bima Yojana Aims
Additionally, the scheme promotes sustainable farming practices and contributes to the overall growth and development of the agricultural sector in India. The Pradhan Mantri Fasal Bima Yojana provides relief to farmers by offering financial assistance and insurance coverage in the event of crop failure caused by natural factors like climate change, pests, or diseases. This scheme aims to enhance farmers’ incomes, enabling them to sustain agricultural activities and increase crop production.
Objective of the Schemes
Here are the main objectives of the Pradhan Mantri Fasal Bima scheme.
- Offering financial assistance to farmers impacted by crop loss or damage caused by natural occurrences.
- It also stabilizes farmers’ income to ensure they can sustain farming and increase crop production.
- It provides assistance to farmers, offering them relief in case their crops are impacted.
- Due to the program, new farmers will also participate in the agricultural industry.
- Ensuring the safety of farmers and encouraging agricultural endeavors.
Pradhan Mantri Fasal Bima Yojana Goals
The primary goal of the Pradhan Mantri Fasal Bima Yojana, launched by Prime Minister Narendra Modi, is to offer financial assistance to farmers impacted by crop damages caused by natural calamities, as I mentioned earlier.
Important Guidelines Pradhan Mantri Fasal Bima Yojana Regarding
If you’re a farmer whose crops have been affected by a natural disaster, it’s vital to act promptly. Informing the agricultural department of the crop damage within 72 hours is crucial to receive timely assistance. Additionally, lodging a formal complaint with the District Administration Agriculture Department is necessary to record the disaster’s impact on your crops. By following these guidelines diligently, you enhance the likelihood of obtaining aid and resources to minimize your losses. Maintaining thorough records and documentation of the damages is important for future evaluation and support.
Pradhan Mantri Fasal Bima Yojana Experience
After experiencing a loss in your crop, it is crucial to document all the pertinent details regarding the damage incurred. Once you submit your application to the District Administration Agriculture Department, they will initiate the necessary actions to assess the situation. Subsequently, they will proceed with processing to offer insurance coverage to affected farmers. This process ensures that farmers receive the support they need during difficult times and helps safeguard their livelihoods.
Total Claim amount received under PM Fasal Bima Yojana
If your crops have been impacted and you wish to receive compensation provided by the government under PM Fasal Bima Yojana, you must adhere to the steps outlined above. Subsequently, the funds will be deposited into your bank account promptly following a brief verification process, with the amount dependent on the type of crop affected. For instance, a cotton farmer experiencing crop loss may be eligible for up to Rs 36,282 per acre.
Pradhan Mantri Fasal Bima Yojana Claim Amounts To Farmer Help
In India, agricultural insurance offers varying maximum claim amounts for different crops to help farmers cover losses. Paddy crops have a maximum claim amount of Rs 37,484 per acre, providing a safety net. Millet farmers can claim up to Rs 17,639 per acre for crop damage. Maize and moong cultivators are eligible for Rs 18,742 and Rs 16,497 per acre, respectively. These provisions aim to reduce risks and offer financial aid in case of crop failure due to unforeseen events. Crop insurance helps farmers safeguard their livelihoods and maintain a stable income amid agricultural uncertainties.
Pradhan Mantri Fasal Bima Yojana Cropwise Claim Amount
| Crop | Maximum Claim Amount (per acre) |
| Cotton | Rs 36,282 |
| Paddy | Rs 37,484 |
| Millet | Rs 17,639 |
| Maize | Rs 18,742 |
| Moong | Rs 16,497 |
This claim amount is transferred to the bank account of the farmers after the crop damage is confirmed through a survey.
Which type of crops have been included in PM Fasal Bima Yojana?
| Category | Crops Included |
| Food Crops | Cereals (including wheat, rice, barley), millet, paddy |
| Annual Commercial | Cotton, jute, sugarcane |
| Pulses | Arhar (pigeon pea), gram (chickpea), peas, lentils, soybean, moong, urad, cowpea, etc. |
| Oilseeds | Sesame, mustard, castor, cottonseed, groundnut, soybean, sunflower, rapeseed, safflower, linseed, niger seeds, etc. |
| Horticulture Crops | Banana, grapes, potato, onion, cassava, cardamom, ginger, turmeric, apple, mango, orange, guava, litchi, papaya, pineapple, sapota, tomato, pea, cauliflower |
The scheme includes a list of crops categorized and specified under it.
What Are The Steps to know The Crop Insurance Amount And Premium In PMFBY?
To determine the crop insurance amount and premium, you must follow these steps.
Follow these steps to determine the insurance amount and premium under the Pradhan Mantri Fasal Bima Yojana (PMFBY):
- First of all Visit the official website of Pradhan Mantri Fasal Bima Yojana.
- Now in the homepage you will find the insurance Premium Calculator option Click on it.
- A new page will open where you need to fill specific details to calculate the premium.
- Select the crop season (Rabi/Kharif), the year, and the name of your state, and district,.
- Enter the area of your farm in hectares accurately.
- After entering all the required information, click on the Calculate option.
- You’ll receive information about your crop insurance amount and the corresponding premium.
By adhering to these guidelines, you can readily determine the crop insurance amount and premium that apply to your crop through the Pradhan Mantri Fasal Bima Yojana.
Guidelines to apply offline for Prime Minister Crop Insurance Scheme
To apply for the Pradhan Mantri Fasal Bima Yojana (PMFBY) offline, you must adhere to the specified steps.
- Begin by visiting your closest bank to obtain the application form for the Pradhan Mantri Fasal Bima Yojana.
- Collect the application and Fill out the application form with all the required information accurately.
- Attach the necessary documents as mentioned in the application form.
- Submit the completed application form along with the documents to the bank.
- Upon submission, you will be provided with an application slip that should be retained for future use.
- Your offline application process is now complete.
Here are the steps to apply for the fasal bima yojana offline. You can also apply for crop insurance offline by going to your nearest public service center or insurance company.
How to Register for the Prime Minister Crop Insurance Scheme Online?
To register online for the Prime Minister Crop Insurance Scheme, follow these straightforward steps to easily enroll in the program.
- To begin with, you must access the official website of Pradhan Mantri Fasal Bima Yojana at https://pmfby.gov.in/.
- On the homepage, locate the Farmer Corner section and proceed to apply for Crop Insurance on your own.
- You will be guided to the Farmer Application page where you should choose the Guest Farmer option.
- Afterward, a registration form will pop up. You must then enter all the required information, including Farmer Details, Residential Details, Farmer ID, and Account Details.
- Remember to input the captcha code located at the bottom of the form.
- Lastly, select the Submit option to finalize the application process.
You can register online for the Prime Minister Crop Insurance Scheme and avail its benefits by following these steps.
Summary
Pradhan Mantri Fasal Bima Yojana (PMFBY) stands as a crucial initiative to safeguard the interests of farmers across the nation. By providing financial support in times of crop loss due to natural calamities, this scheme plays a pivotal role in ensuring the stability and security of our agricultural sector. Understanding the benefits, eligibility requirements, and online application process of PMFBY is essential for farmers to avail themselves of this valuable assistance seamlessly. By empowering our farmers through schemes like PMFBY, we contribute towards strengthening the backbone of our economy and securing the livelihoods of those who feed our nation.