| Objective of the Scheme |
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Protection against unexpected events: Providing financial
assistance to farmers in case of crop loss due to natural
disasters like
drought, flood, hailstorm, storm, etc.
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Stabilizing farmers' income: Stabilizing farmers' income by
reducing the risk of crop loss.
-
Encouraging investment in agriculture: Motivating farmers to
invest more in the agriculture sector with the provision of
crop insurance.
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Ensuring food security: Ensuring food security by making
farmers financially strong.
|
| Main Features of the Scheme |
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Insurance of various types of crops: Insurance for food crops
(grains, pulses), oilseeds, and commercial crops.
-
Low Premium: Government provides insurance facility to farmers
at a low premium rate.
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Quick claim settlement: Immediate compensation to farmers in
case of crop loss.
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Available to all farmers: This scheme is available to all
farmers, whether small or large.
|
| What Farmers Need to Do? |
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Registration: Farmers need to register with their local
agriculture department or insurance company to join the
scheme.
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Premium Payment: Farmers need to pay the prescribed premium.
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Report Crop Loss: Farmers need to immediately inform the
insurance company in case of crop loss.
|
| Benefits to Farmers |
-
Economic Security: Financial assistance to farmers in case of
crop loss.
-
Continuation of Farming: Farmers can continue farming and
remain free from the burden of loans due to insurance.
-
Self-Reliance: This scheme helps farmers become self-reliant.
|
| More Information |
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Contact your local agriculture department or insurance company
for more information.
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Visit the official PMFBY website:
https://pmfby.gov.in/
|
| Note |
This information is for general knowledge and is not legal advice.
The rules and conditions of the scheme may change from time to
time.
|