PM Fasal Bima Yojana: The Pradhan Mantri Fasal Bima Yojana, also known as PMFBY, is an important scheme run by the government to protect farmers from natural calamities and other risks. The objective of this scheme is to safeguard farmers’ agricultural production and protect them from financial losses. PMFBY provides insurance coverage for all types of natural risks from sowing to harvesting.
It is worth noting that under this scheme, crop insurance is done through area-based assessment, which provides security to farmers at a low cost. Under this, farmers pay only a minimum premium, and the remaining amount is borne by the state and central governments.
Which farmers can avail the benefits?
All farmers who cultivate crops in notified areas are eligible for PMFBY benefits. This includes tenants, sharecroppers, or any other farmers. Under the scheme, the farmer must have actual ownership or interest in the insured crop. In addition, a valid land ownership certificate or lease is required.
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For your information, farmers should note that the application must be submitted within two weeks of the start of sowing, and no prior compensation claim should have been made for the same crop.
When will crop insurance benefits not be available?
If the crop is grown in a non-notified area, the benefits of the scheme will not be available. Additionally, compensation will not be provided for losses that occur outside the crop cycle or for losses not related to the sowing and harvesting period.
What are the necessary documents?
Some important documents are required for applying to PMFBY. These include a passport-size photograph, bank passbook, land record proof (RoR/LPC or valid agreement), identity proof (Aadhaar, PAN, Voter ID, NREGA job card), address proof (Aadhaar, PAN, Voter ID, electricity bill), and crop declaration form.
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How can farmers apply?
Farmers can visit the official website pmfby.gov.in to ensure their crops. Here, go to “Farmer Corner,” select the “Guest Farmer” option, and fill in the required information in the registration form. After registration, log in by clicking on “Apply for Crop Insurance Yourself”.
Then, log in using your mobile number and OTP, fill out the form, and upload all the required documents. Payment can be made through “Pay Later” or “Make Payment”. After payment, download or print the receipt.
Learn about PMFBY
The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a government scheme operated by the Department of Agriculture, Cooperation & Farmers Welfare under the Ministry of Agriculture. It was launched on February 18, 2016. Its objective is to provide farmers with protection against natural calamities, diseases, and other agricultural risks, ensuring the safety of their crops and minimising financial losses.