Fasal Bima Yojana

Pradhan Mantri Fasal Bima Yojna: Salient features and its objective

Crop Insurance Scheme: The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a government-initiated scheme for crop insurance. Crop insurance protects farmers from the financial ramifications of unexpected hazards outside of their control that could cause crop failures or losses.

PMFBY plans to provide complete insurance cover against crop failure to stabilise the farmers’ income.

As long as enough crop-cutting experiments (CCEs) are being conducted as part of the general crop estimating survey and prior yield data are available, all food and oil seed crops and yearly commercial and horticultural crops are covered by the programme (GCES).

Salient Features of Pradhan Mantri Fasal Bima Yojana (PMFBY)

Objectives of Pradhan Mantri Fasal Bima Yojna

Who can be covered in Fasal Bima Yojana?

How can Farmers Enrol in Fasal Bima Yojana?

The National Crop Insurance Portal (NCIP), which is managed by the Ministry of Agriculture & Farmers Welfare in New Delhi, requires all farmers—loanee and non-loanee—to register. The task of uploading the data to the NCIP falls on farmers’ banks that offer seasonal agricultural loans.

DD or cheques are not recognised as premium payment forms; only NEFT is allowed. For non-loanee farmers, intermediaries, Common Service Centers (CSCs), farmers operating independently, and other agencies are required to upload the data in the NCIP along with four papers. The same goes for enrollment applications, which must all be filed online and not approved if submitted offline.

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