Pradhan Mantri Fasal Bima Yojana (PMFBY) is a central government scheme that compensates growers with interest for the loss of crop because of unseasonal or excessive rainfall. With the aim to help farmers affected from natural disasters or sudden change in weather, government had launched the scheme in the year 2016.
The last date to apply for Kharif crops insurance under PMFBY is 31st July 2020. Those indebted cultivators who do not want to avail the insurance facility should inform their branch in written one week before the last date. Non-indebted farmers can do crop insurance themselves through CSC, bank, agent, or insurance website.
It must be noted that farmers have to fill in the application form within ten days of sowing to get the benefits of Pradhan Mantri Fasal Bima Yojana. Insurance benefits would be given only if the crops are damaged in between the stages of sowing & harvesting because of a natural disaster.
Farmers have to pay a uniform premium of only 2% for all Kharif crops & 1.5% for all rabi crops. For annual commercial & horticultural crops, only 5% premium will have to be paid as per the rules.
Benefits of PMFBY
Damages caused due to loss of land, storm, waterlogging, cloudburst, are covered PMFBY.
Crops are insured for natural disasters, diseases & pests, other local calamities such as hailstorms, landslides, cloudburst etc.
Benefits of this scheme are also given if farmers are not able to sow crops because of unfavourable seasonal conditions.
Farmers have to pay a very low premium rates under this crop insurance scheme.
Under PMFBY, use of technology has been encouraged to a great extent. Remote sensing drones, smartphones & GPS technology are being used to gather and upload crop harvesting data to reduce delays in claim payments.
How to apply for crop insurance
Go to the official website of PMFBY - https://pmfby.gov.in/
Look for 'Farmer Corner' on the homepage and click it
Fill in all the required details properly
If you are already registered then you can just proceed to get enrolled under this scheme.
