Certainly, following is the article content on Pradhan Mantri Fasal Bima Yojana last date 2020:
The Pradhan Mantri Fasal Bima Yojana (PMFBY) was launched in 2016 to offer comprehensive crop insurance coverage to farmers. This scheme has been designed to cover farmers against losses incurred due to various unforeseen events like natural calamities, pests, and diseases.
Under PMFBY, farmers can avail insurance coverage for their crops at a nominal premium, and in the event of crop loss or damage, they can claim compensation from the government. The insurance premium under the scheme is calculated based on the sum assured, the type of crop, and the area where the crop is cultivated.
The last date to register for Pradhan Mantri Fasal Bima Yojana (PMFBY) for the Kharif season of 2020 is 31st July 2020. Farmers who have not registered for the scheme yet can still apply until the last date. It is advisable for farmers to take advantage of this scheme to protect their crops and secure their future.
The scheme is mandatory for all loanee farmers, and non-loanee farmers can also avail it voluntarily. Farmers who wish to enroll for PMFBY should contact their respective banks or insurance companies to inquire about the enrollment process.
The scheme aims to provide a safety net to farmers by safeguarding them against crop losses and securing their livelihoods. The insurance coverage under PMFBY is provided for a wide range of crops, including food crops, horticultural crops, and commercial crops. It is an excellent opportunity for farmers to protect themselves from the uncertainties of agriculture and guarantee their future income.
In conclusion, the Pradhan Mantri Fasal Bima Yojana, launched by the government, is an excellent initiative to provide crop insurance coverage to farmers at an affordable premium. Farmers who have not enrolled for this scheme for the Kharif season of 2020 still have time until July 31, 2020, to register. The scheme offers extensive coverage for crop losses and can be immensely beneficial for farmers. Hence, farmers are encouraged to enroll in the scheme and ensure their livelihoods.