The Pradhan Mantri Fasal Bima Yojana (PMFBY) has successfully entered its seventh year of implementation with the upcoming Kharif 2022 season, completing six years of its implementation since its announcement on 18 February 2016 by PM Narendra Modi at Sehore in Madhya Pradesh.
Objective of PMFBY
A flagship scheme of the Central Government, Pradhan Mantri Fasal Bima Yojana aims to provide financial support to farmers suffering crop loss or damage arising out of natural calamities.
36 crore farmers insured under PMFB
More than 36 crore farmer applications have been insured under PMFBY, with over INR 1,07,059 crores of claims have already been paid under the scheme as of 4th February, 2022.
Introduced six years back, the scheme was revamped in 2020 enabling voluntary participation of the farmers. It also made it convenient for the farmer to report crop damage within 72 hours of the occurrence of any event - through Crop Insurance App, CSC Centre or the nearest agriculture officer, with claim benefit transferred electronically into the bank accounts of the eligible farmer.
Integration of land records with the PMFBY’s National Crop Insurance Portal (NCIP), Crop Insurance mobile app for easy enrollment of farmers, remittance of farmer premium through NCIP, a subsidy release module and a claim release module through NCIP are some of the key features of the scheme.
Through its State/District Level Grievance Committee’s, PMFBY also enables farmers to submit their grievances at the grassroots level. This also includes acknowledging and resolving farmer grievances through IEC activities like Crop Insurance Week which is celebrated twice bi-yearly, PMFBY Paathshaala, social media campaigns, a toll-free helpline & email communication.
85% of the farmers enrolled are small and marginal farmers
The scheme has been able to provide financial assistance to the most vulnerable farmers, as around 85 percent of the farmers enrolled with PM fasal bima yojana are small and marginal farmers.
Meri Policy Mere Hath to be launched
Govt. will launch a doorstep distribution drive to deliver crop insurance policies to the farmers ‘Meri Policy Mere Hath’ in all implementing States. The campaign aims to ensure all farmers are well aware and equipped with all information on their policies, land records, the process of claim and grievance redressal under PMFBY.
Source - PIB
