PMFBYVarious sorts of agricultural schemes have been operated by the central government to benefit the farmers and citizens. One of the major schemes of these schemes is the Pradhan Mantri Fasal Bima Yojana. Under PMFBY, the benefit of insurance is supplied to the farmers for the economic loss in the crops. According to this scheme, it is mandatory for the farmers to get their crops insured. The last date for the farmers to get the insurance of Rabi crop by the Central Government has been fastened as 31 December 2021. All farmers can insure the first crop from the last date to avoid the loss of crops due to pure calamity.
Prime Minister Crop Insurance Scheme
On January 13, 2016, this scheme was began by the Central Government to provide aid to the farmers of the nation in the economic loss due to pure calamity. Under this scheme, the farmer citizen will get the benefit of insurance scheme on payment of premium to get the benefit of crop insurance. To get the benefit of insurance quantity from PMFBY, farmers will have to register themselves in the official website of pmfby.gov.in. To get Rabi crop insurance, farmer citizens can get themselves registered until December 31.
PMFBY premium quantity
The benefit of crop insurance is supplied by the central government to the farmers for the loss of crops due to pure calamities and other causes. For major Rabi crops like wheat, barley, lentil, mustard and many others., the farmer citizen will have to pay premium quantity at the charge of 1.5 p.c of the premium and for potato at the charge of 5 p.c. To get the benefit of PM Fasal Bima Yojana, farmer citizens will have to get themselves registered in the portal.
Where can farmers contact for crop loss
In case of crop loss, the farmer has to give details of the loss of crops to the involved financial institution department and agriculture department within 72 hours. Along with this, for any info associated to the crop, farmer citizens can also contact the number 1800-889-6868. Defaulter farmer citizens can also get the benefit of Pradhan Mantri Fasal Bima Yojana. The premium payment quantity of defaulter farmers will also be payable at the charge of 1.5 p.c. Along with this, the relaxation of the complete payment quantity will be borne by the Central and State Governments.
Benefits of crop insurance scheme
Under PMFBY, farmers are supplied with the benefit of crop insurance scheme to provide aid on crop losses. If a farmer citizen has paid Rs 100 as premium for crop insurance, he has bought a revenue of Rs 537 on payment of Rs 100 as insurance. Under this scheme, insurance of Rs 19 thousand crore was paid by the farmers in the year 2020. According to which he was given the benefit of declare of 90 thousand crore rupees by the government.
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