Every year because of natural disaster, farmers in India have to suffer so much. Floods, thunderstorms, hail and heavy rains spoil their crops. To provide them support from such crisis, the Central Government has launched the Prime Minister’s Crop Insurance coverage Scheme (PMFBY). It was began on 13 January 2016. Under this, farmers need to pay 2% premium for Kharif crop and 1.5% premium for Rabi crop.
In the case of crop damage because of natural calamities, the insurance coverage premium has been kept very low in PMFBY. This has helped every farmer reach PMFBY. The PMFBY scheme additionally supplies insurance coverage cover for commercial and horticultural crops. On this, however, farmers need to pay 5% premium. The Agricultural Insurance coverage Company of India (AIC) runs this scheme.
What are the objectives of PMFBY?
• To offer insurance coverage cover and monetary help to farmers in the event of any loss of crop notified by the government due to pure calamities, insects and diseases.
• Efforts to maintain farmers interested in farming and to provide them permanent income.
Encouraging farmers to innovate in agriculture and adopt modern methods.
• Guaranteeing the availability of credit in the agricultural sector.
Where to get the PMFBY form?
Forms for Prime Minister Fasal Bima Yojana (PMFBY) might be taken both offline (by going to the bank) and secondly on-line. To fill the form on-line, you can go to this link- http://pmfby.gov.in/
What documents are needed for PMFBY?
• A photo of the farmer and a letter written from people like Sarpanch, Pradhan, Patwari
• The account number of the farm must be clearly written in it.
• In case of crop damage, it is obligatory to put a canceled check to get the money directly in your bank account.
• The crop is sown within the subject, the proof has to be presented.
Some other issues to keep in mind for PMFBY
Smartphones, remote sensing drones, and GPS technology are used to gather harvesting data and add it to the site to reduce delays in claim funds.
The premium covers of cotton crop Rs.62 per acre and for paddy crop Rs.505.86, for millets Rs.222.58 and for maize Rs202.34 per acre.
• Within 10 days of sowing the crop, you must fill the PMFBY form.
• In case your crop is broken due to pure disaster between 14 days after harvesting, you may still avail of the insurance coverage scheme.
• The advantage of the insurance coverage quantity will be given only if your crop has been damaged due to a natural disaster.
Exclusive web portal and mobile app
The Authorities of India have just lately begun an insurance portal for higher administration, correct synergy between varied agencies, dissemination of information on this, and transparency in the process.
Android app has also been launched, which is available in the playstore and website.