PM Fasal Bima Yojana: The tension of loss due to flood or drought is over, the government will give compensation to the farmers, apply like this
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PM Fasal Bima Yojana: Monsoon rains have created flood situation in some parts of the country. The crops spread over thousands of acres have suffered a lot due to the rise in the water level of the rivers. At the same time, due to lack of rain in some parts of the country like Bihar, a situation of drought has arisen. Ready-made paddy straws are getting wasted in the field. In such a situation, the central government will help the distressed farmers. An insurance scheme has been brought by the central government to give compensation to the farmers in case of crop failure in any weather condition including flood and drought. The name of this insurance scheme, Pradhan Mantri Fasal Bima Yojana (PMFBY) Is. In this scheme, Rabi and Kharif crops of the farmers are insured. This scheme was launched on 13 January 2016 under the leadership of Prime Minister Narendra Modi. The main objective of this scheme is to provide financial protection to the farmers of India against the failure of the farmers’ crops and losses due to crop disaster. Better insurance facility is provided to the farmers under PMFBY, so that they can get financial assistance in case of loss of their crop. There is an effective partnership between the government, farmers, and insurance companies in this scheme.
Why PMFBY is special for farmers
Prime Minister Crop Insurance Scheme (PMFBYUnder this, farmers have to pay a premium for crop insurance, which is paid by both the farmer and the government. The premium rate in this scheme is very minimum, due to which it is easy for the farmers to get insurance. If farmers have crop failure or crop disaster, they are provided financial assistance according to the loss. If crop loss is claimed, the financial assistance is immediately executed by the insurance company. Along with this, digital technology is used in this scheme, due to which the benefit of insurance reaches the farmers faster. Farmers can apply for crop insurance through online portal, which gives them the option of getting insurance easily. The main objective of the PMFBY scheme of the central government is to provide financial protection to the farmers of India against crop disaster and crop loss.
How much premium has to be paid in crop insurance scheme
Prime Minister Crop Insurance Scheme (Pradhan Mantri Fasal Bima Yojana) rates of premium payment vary depending upon the state of the farmers and the type of crop. The rates of premium payment are determined annually and these rates are decided by the Governing Committees. Under the Pradhan Mantri Fasal Bima Yojana, both the farmer and the government are partners in paying the premium. Farmers can join their crop insurance scheme through their nearest bank branch, Krishi Seva Kendra or any digital portal and pay the premium. The rates of premium in Pradhan Mantri Fasal Bima Yojana are very minimum, due to which it is easy for the farmers to get crop insurance. Under the scheme, after payment of premium, payment is executed in case of crop loss. The premium rates are fixed by the government from time to time and for more information about these, farmers can contact their nearest bank branch or Krishi Seva Kendra. At present, premium has to be paid up to 2 per cent for Kharif crops, 1.5 per cent for Rabi crops and 5 per cent for cash crops.
Insurance money will be received in 72 hours
The benefit of the crop insurance scheme being given to the farmers by the central government will come directly into the account of the farmer who gets insured within 72 hours of crop damage and survey. Under the insurance scheme, 18 insurance companies, 170,000 bank branches and 44,000 common service centers are serving 27 states and union territories. In such a situation, there is no need to bother till the farmers get insurance. Along with this, the amount of insurance premium has also been kept very moderate. The farmers should not find it difficult to pay.
How to get crop insurance
To insure his crop under PMFBY, first of all the farmer has to contact his nearest Krishi Seva Kendra or bank branch. Here you will get information about the scheme and you will be told to submit the necessary documents. You have to fill the application form along with the required documents. You will get the application form from the bank branch or Krishi Seva Kendra. In this, information about your identity certificate, bank account details, land registration certificate, crop details, etc. will have to be filled. Farmers will have to pay premium to get crop insurance under PMFBY. The amount of premium to be paid will also be mentioned to you in the application form. You will get the benefit of insurance only after paying the premium. Along with premium payment, you will also need to submit your insurance documents. This includes information related to your crop, details of crop damage, etc. When farmers suffer losses after harvesting or due to crop disaster, they are provided financial assistance by the insurance company. For this, you have to approach your nearest bank branch or Krishi Seva Kendra and submit the required documents.
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