Govt to start doorstep distribution drive for crop insurance as PMFBY enters 7th year

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Govt to start doorstep distribution drive for crop insurance as PMFBY enters 7th year

  • Pradhan Mantri Fasal Bima Yojana (PMFBY) enters the seventh year of implementation with the upcoming Kharif season
  • A doorstep distribution drive ‘Meri Policy Mere Hath’ will be launched by the government to mark this occasion

About Meri Policy Mere Hath

  • It is a doorstep campaign to deliver crop insurance policies to farmers
  • Aim: to ensure all farmers are well aware and equipped with all information on their policies, land records, the process of claim and grievance redressal under the PMFBY
  • It will be launched in all implementing states in the upcoming Kharif season beginning June.

Pradhan Mantri Fasal Bima Yojana (PMFBY)

  • It was launched on January 13, 2016
  • It is in line with One Nation – One Scheme theme
  • It was launched to support production in agriculture by providing an affordable crop insurance product to ensure comprehensive risk cover for crops of farmers against all non-preventable natural risks from pre-sowing to post-harvest stage.
  • A uniform maximum premium of only 2 percent of the sum insured is paid by farmers for all Kharif crops and 1.5 per cent for all Rabi crops.
  • In case of annual commercial and horticultural crops, the maximum premium to be paid by farmers is upto 5 per cent.

Objectives of PMFBY

  • To provide insurance coverage and financial support to the farmers in the event of failure of any of the notified crops as a result of natural calamities, pests & diseases.
  • To stabilise the income of farmers to ensure their continuance in farming.
  • To encourage farmers to adopt innovative and modern agricultural practises.
  • To ensure flow of credit to the agriculture sector.

Risks covered under the scheme

  • Yield Losses : Comprehensive risk insurance is provided to cover yield losses due to non-preventable risks, such as Natural Fire and Lightning, Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane, Tornado.
  • Post harvest losses: coverage will be available up to a maximum period of 14 days from harvesting for those crops which are kept in “cut & spread” condition to dry in the field.
  • Loss from identified localised risks: Loss / damage resulting from occurrence of identified localised risks like hailstorm, landslide, and Inundation affecting isolated farms in the notified area would also be covered.