The Prime Minister’s Fasal Bima Yojana (PMFBY) is a flagship crop insurance scheme launched by the Government of India to provide financial support to farmers in case of crop failure. The scheme aims to ensure the financial stability of farmers and protect them from losses due to unforeseen events like natural calamities.
In the Bargarh district of Odisha, the PMFBY scheme for the Rabi season of 2023-24 covers a variety of crops grown by the farmers in the region. Some of the key crops covered under the scheme include wheat, mustard, pulses, and vegetables. These crops are crucial for the livelihood of farmers in the district, and any loss or damage to them can have a significant impact on their income and well-being.
The PMFBY provides comprehensive coverage to farmers against various risks such as drought, excess rainfall, pests, diseases, and other factors that can lead to crop failure. The premium rates for the insurance are subsidized by the government to make it affordable for farmers, and the claims settlement process is designed to be quick and hassle-free.
By participating in the PMFBY scheme, farmers in Bargarh district can mitigate the financial risks associated with crop cultivation and ensure a more secure future for themselves and their families. The scheme not only provides a safety net for farmers but also encourages them to adopt modern agricultural practices and technologies to improve their yield and productivity.
Overall, the PMFBY Rabi 2023-24 coverage in Bargarh district is a welcome initiative that will benefit farmers and contribute to the growth and development of agriculture in the region. Farmers are encouraged to take advantage of the scheme and ensure the protection of their crops and livelihoods.