Information | Pradhan Mantri Fasal Bima Yojana Registration
India is a country that is heavily dependent on agriculture even today, and the fate of the farmers of the country is directly linked with agriculture. Therefore, to support the farmers, the government has come up with a scheme called the Pradhan Mantri Fasal Bima Yojana (PMFBY) to provide comprehensive crop insurance coverage to all farmers in India.
This article will cover the essential information regarding PMFBY and the registration process.
What is Pradhan Mantri Fasal Bima Yojana (PMFBY)?
PMFBY is a crop insurance scheme launched in 2016 for the benefit of all farmers in India. The scheme is implemented by the Ministry of Agriculture and Farmers’ Welfare, Government of India, and offers comprehensive crop insurance coverage to safeguard farmers’ financial interests in case of crop loss due to natural calamities, pests, and diseases.
The premium rates of PMFBY are relatively low, and the government provides a subsidy to encourage farmers to avail of the scheme. The entire premium is subsidized for farmers in selected categories, while the rest of the farmers have to pay a low premium of 2-5% depending on the crop.
Eligibility for the PMFBY scheme
All farmers in India growing crops on an area of land up to 2 hectares are eligible to apply for the PMFBY scheme. The scheme covers all food crops (cereals, millets, pulses), oilseeds, vegetables, and commercial crops that are grown during the kharif, rabi, and summer seasons.
The registration process for PMFBY
The registration process for PMFBY is simple and can be completed either online or offline.
Online Registration:
Step 1: Visit the official website of PMFBY.
Step 2: Click on ‘Apply Online,’ and you will be directed to the new registration page.
Step 3: Select your state and district.
Step 4: Enter your personal details and Aadhar card number. If you don’t have an Aadhar card, you can still apply for the scheme by submitting a copy of your voter ID card or PAN card.
Step 5: Enter details about the crop you want to insure, and select the sum insured.
Step 6: Pay the premium online using net banking, debit or credit card.
Offline registration:
Step 1: Visit the nearest Common Service Centre (CSC) or the Agriculture Department of the District.
Step 2: Collect the application form and fill in the necessary details such as name, personal information, and crop details.
Step 3: Submit the application form along with a copy of your Aadhar card or voter ID card or PAN card.
Step 4: Pay the premium at the nearest bank, and collect the payment receipt.
The bottom line
PMFBY is a great initiative by the government to provide comprehensive crop insurance coverage to all farmers in India. The scheme offers financial support to farmers in case of crop loss due to natural calamities, pests, and diseases. Therefore, farmers must take advantage of this scheme and register themselves for PMFBY to secure their financial interests.