Pradhan Mantri Fasal Bima scheme
Pradhan Mantri Fasal Bima scheme

Pradhan Mantri Fasal Bima Scheme

Prime Minister Narendra Modi started the Prime Minister Crop Insurance Scheme in the year 2016. The main objective of this scheme is to help those farmers whose crops were destroyed due to any natural calamity like flood, hail, drought.

In such a situation, sometimes farmers get distressed and financial debt that these farmers even try to commit suicide.

To prevent the farmers from committing suicide, the government started the Farmer Crop Insurance Scheme. So that farmers can get financial support and can sustain the crisis and can grow crops without fear of crops getting destroyed and fear of losses.

To take advantage of this Farmer Insurance Scheme, farmers have to sow 2% for Kharif crop (paddy or rice, maize, sorghum, millet, sugarcane, etc.) and rabi crop (wheat, barley, gram, lentil, mustard, etc.)

Farmers have to pay a 1.5% premium only, and then farmers will be able to take advantage of this plan. Eight thousand eight hundred crores will be spent by the government to benefit this scheme to the farmers.

Under the Farmers Crop Insurance Scheme, the premium has been kept very low for the farmers, so that it would be feasible for the farmers to claim the claims against crop damage due to any natural calamity so that any farmer can take advantage of this scheme.

To take advantage of this Farmer Insurance Scheme, farmers have to sow 2% for Kharif crop (paddy or rice, maize, sorghum, millet, sugarcane, etc.) and rabi crop (wheat, barley, gram, lentil, mustard, etc.) Farmers have to pay a 1.5% premium only, and then farmers will be able to take advantage of this plan. Eight thousand eight hundred crores will be spent by the government to benefit this scheme to the farmers.

Prime Minister Crop Insurance Scheme

Objective of Prime Minister Crop Insurance Scheme

  • The main objective of this scheme is to protect those farmers whose crops are damaged due to any natural calamities like floods, drought, hailstorm, insects, or any disease. In such a situation, the Farmers Crop Insurance Scheme will come as a savior.
  • One of the major reasons behind starting this scheme is that in case of loss of crops, the farmers will remain calm and composed about the fields and can continue farming. And they get a certain employment.
  • Through this scheme, the government wants to make the farmers aware of the modern system’s resources so that good crops can be prepared in a short time by the new resources.

Also Read : What is Pradhan Mantri Jan Dhan Scheme ?

Documents required for Prime Minister Crop Insurance Scheme

1 A photo ID proof of the farmer such as Voter ID card, Aadhar Card, PAN Card, Driving License, Passport and a photo.

2 If the farmer owns the farm, keep the farm document number and account number together.

3 It is mandatory to have proof of which crop you have sown in the field.

4 For this type of proof, farmers can get a letter written from people like Head of the Village.

5 If you do not own the farm and have sown the crop by renting the other’s field, then you must have a photocopy of the agreement with the farm owner, in which the account number of the fields should be mentioned.

Must Read : PMAY- Pradhan Mantri Awas Yojana

6 To take advantage of this scheme, the farmers can fill the form by going to the bank in which they have their bank account. They can even fill the online form by visiting the website https://www.pmfby.gov.in/

Some important things to keep in mind for Farmers Crop Insurance Scheme

  • The benefit of this scheme can be availed by every farmer who does farming whether the field belongs to him or not.
  • To avail this scheme, the farmer has to fill the form of the Farmer Crop Insurance Scheme within ten days after sowing the crop.
  • If your crop is destroyed due to natural calamities even 14 days before harvest, the farmer will be given a claim under this scheme.

Do You Know : What is National Health Insurance Scheme

  • The farmer will be given a claim by the government only if the farmer’s crop has been destroyed due to natural calamity, not by mistakes of themself, such as fire, theft, or burglary.
  • The government is going to spend 8800 crore rupees for the next three years to make the farmer crop insurance scheme successful, in which its goal is to cover about 50% of the farmers.
  • Only those farmers who have not availed any crop insurance scheme can avail this scheme.

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