Fasal Bima Yojana List: Due to changing weather conditions from year to year, farmers have to face loss in produce. This loss affects their financial condition. To cover this loss of farmers, the government has started agricultural insurance schemes. Under this scheme, farmers get full or partial value of the produce or the amount spent on crop cultivation.
Farmers will not have to go through any process to get this insurance. The government has made this work easy. The government has agreed to take the crop at Rs 25,000 per hectare. The entire government has agreed to take crops worth Rs 25 thousand per hectare from this money. Rs 25,000 per hectare will be deposited in the farmer's bank account; View the list of eligible farmers here on mobile.
Pradhan Mantri Fasal Bima Yojana List 2024
The government is implementing this Pradhan Mantri Fasal Bima Yojana (PMFBY) across the country for the welfare of farmers. The premium amount under the PMFBY scheme has been fixed at 2% for Kharif and 1.5% for Rabi crops compared to much higher premiums under the previous crop insurance. PM Narendra Modi launched this agricultural insurance / crop insurance scheme on 18 February 2016. Registration lines for crop insurance for PMFBY 2024 are open and all interested farmers can apply online for agriculture insurance on the official website of PM Fasal Bima Yojana pmfby.gov.in.
Keeping in mind the financial condition of each farmer, the premium amount has been kept quite low. Since the inception of this Pradhan Mantri Fasal Bima Yojana (PMFBY) by the Central Government, insurance cover has been provided to 36 crore farmers. Till now, through this PM Fasal Bima Yojana, insurance claim amount of Rs 1.8 lakh crore has been provided to the farmers.
Eligibility of Pradhan Mantri Fasal Bima Yojana
All farmers across the country who are involved in the production of notified crops as land owners, tenants or sharecroppers in notified areas are eligible to apply for this scheme.
To avail the benefits of Pradhan Mantri Fasal Bima Yojana or to claim the insurance amount, all farmers have to apply and pay the insurance premium.
Pradhan Mantri Fasal Bima Yojana Benefits & Salient Features
The benefits of Pradhan Mantri Fasal Bima Yojana include investment protection and yield protection as two main benefits. Some of the main features of PM Fasal Bima Yojana are given below.
- very low premium amount
- Full insurance amount in case of crop loss due to natural disaster.
- Make farming more profitable.
- To promote the development of farmers and agriculture in India.
- Easy online application and claim process.
- Online Insurance Premium Calculator.
- 24×7 helpline at help.agri-insurance@gov.in