Sure, here is an article on Pradhan Mantri Fasal Bima Yojna:
Pradhan Mantri Fasal Bima Yojna (PMFBY) is a government-sponsored crop insurance scheme launched by the Government of India on 13th January 2016. The scheme was launched to provide insurance coverage and financial support to farmers for crop losses due to natural calamities, pests or diseases. The scheme is implemented by the Ministry of Agriculture and Farmers Welfare, Government of India.
The PMFBY aims to provide affordable crop insurance to farmers across the country, regardless of their socioeconomic status. The scheme provides coverage for all food crops and oilseeds grown in India. It also covers horticultural crops, plantation crops and commercial/annual crops. The scheme uses technology to accurately assess crop losses and process claims quickly.
Under PMFBY, farmers are required to pay a nominal premium amount, which is based on the crop and area of cultivation. The premium amount varies from 1.5% to 2% for Kharif crops, 2% for Rabi crops, and 5% for annual commercial and horticultural crops. The remaining premium amount is borne by the Government of India and State Governments.
The scheme provides insurance coverage for yield losses, post-harvest losses, and localized calamities. The insured amount is paid to the farmers in case of crop loss, ensuring that the farmers receive timely compensation for their losses.
To ensure transparency and efficiency in the implementation of the scheme, the Government of India has introduced several measures. These include the use of geotagging technology to assess crop losses, prompt settlement of claims, formation of a grievance redressal mechanism, and the establishment of a national database for crop insurance.
Overall, the PMFBY is a much-needed initiative to support and protect the rights of farmers and ensure their financial stability. The scheme has helped farmers across the country to mitigate the risks associated with crop cultivation and has become an indispensable tool for India’s agriculture sector.