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

Contact Counsellor

CategoryYojana

Last Updated20/02/2022

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

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.

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.

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.

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.