pradhan mantri fasal bima yojana – All you need to know
Pradhan Mantri Fasal Bima Yojana was launched to provide crop insurance coverage in India.
In addition, the slogan of this scheme is one nation, one crop, one premium.
Moreover, this scheme will provide financial support to farmers who suffer crop damage due to natural calamities, pests, and diseases.
- To stabilise the income of farmers to ensure their continued farming.
- To encourage farmers to adopt innovative and modern agricultural practices.
- To ensure the flow of credit to the agriculture sector.
Implementation Agency for PMFBY…
Risks to be covered under PMFBY…
-
- Yield Losses: Comprehensive risk insurance is provided to cover yield losses due to non-preventable risks, such as
- Natural Fire and Lightning
- Storms, Hailstorms, Cyclones, Typhoons, Tempest, Hurricanes, tornadoes, etc.
- Flood, Inundation, and Landslide
- Drought, Dry spells
- Pests, diseases, etc.
- Prevented Sowing (on notified area basis): In cases where the majority of the insured farmers of a notified area, having the intent to sow/plant and incurred expenditure for the purpose, are prevented from sowing/planting the insured crop due to adverse weather conditions, shall be eligible for indemnity claims upto a maximum of 25% of the sum insured
- Post-Harvest Losses (individual farm basis): Coverage is available up to a maximum period of 14 days from harvesting for those crops that are kept in “cut & spread” condition to dry in the field after harvesting, against specific perils of cyclones, cyclonic rains, and unseasonal rains throughout the country.
- Localised Calamities (individual farm basis): Loss/damage resulting from the occurrence of identified localised risks, i.e., hailstorms, landslides, and inundations affecting isolated farms in the notified area.
Benefits under PMFBY…
The difference between the premium rate and the rate of insurance charges payable by farmers shall be treated as the rate of the normal premium subsidy, which shall be shared equally by the centre and state.
Eligibility for PMFBY…
Exclusions under PMFBY…
Application Process…
How to Claim?
- In case of crop loss, farmers are required to file a claim with the insurance company within the prescribed time frame, which is generally within 72 hours of the occurrence of the loss.
- List of concerned person/company details on the portal and click in “Report Crop Loss” or download the app and report crop loss.
- The claim must be accompanied by supporting documents, such as photographs of the damaged crop and a report from the village-level committee (VLC) or the agriculture department.
Documents Required to Apply for PMFBY…
Frequently Asked Questions for PMFBY…
- I am not the owner of land; can I get crop insurance under this scheme?
Yes, if you are a tenant on someone else’s farm, you are eligible to get your crop insured under this scheme.
2. How can I calculate my insurance premium in NCIP?
There is an insurance premium calculator on pmfby.gov.in where you can fill in the basic details and calculate the premium.
3 . Am I eligible for a claim if only my land is affected by a calamity?
Yes, you need to inform the crop insurance app or toll-free number, the the insurance company, the bank, or the concerned official within 72 hours of the incident; you’ll be eligible for the loss assessment and claim.
4. Which documents do I need to apply for the scheme?
Khasra, khatauni, bank account details, and Aadhaar are needed along with the declaration about the crop you are planning to sow.
5. Can I apply for the scheme online myself?
Yes, create your farmer’s login account in the NCIP https://pmfby.gov.in/ and select “Farmer Corner” on the portal. There you can apply for the scheme after logging in.
6. How do I check the status of my application?…
In the NCIP https://pmfby.gov.in/ select “Application Status,” fill in the receipt number as prompted, and you’ll be able to see the status of your application.
7. When should I report the crop loss?
You should report the crop loss through the crop insurance app, or toll-free number, or directly to the concerned authority within 72 hours of the calamity
8. How can I report crop loss?
You can report the crop loss through the NCIP https://pmfby.gov.in/ by selecting “Report Crop Loss” or through the mobile application, the centralised toll-free number, directly to the insurance company through its dedicated toll-free number, or through the concerned bank, local agriculture department, government, or district officials.
9. How can I claim the insurance?
The farmer should intimate about the crop loss within 72 hours of the calamity through Mobile Application, the centralized toll-free number, directly to the insurance company through its dedicated toll-free number or through the concerned bank, local agriculture department Government/district officials. However, the first mode of intimation should be either the Crop Insurance App or the centralised Toll-Free Number. After that, duly filled intimation/application of the crop insurance app along with all relevant documents is necessary for the initiation of loss assessment and payment of claims.
10. How will I know if I have received the claim?
You’ll be intimated by SMS about the benefit transfer on your registered mobile number
Read about the NPS Vatsalya Scheme. All you need to know.
Also, read about why one crore term insurance you should not take?…
And read about Sukanya Sammridhi Yojana—All you need to know…
Also read about the Sukanya Sammridhi Yojana: 5 interesting facts…
And read about the Bima Jyothi plan of lic…
Also read about the MWP Act in Life Insurance Benefits…
