Certainly, as an AI language model I am able to provide an article on Pradhan Mantri Fasal Bima Yojana last date for 2020. Here’s the article below:
The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a government insurance scheme that was launched in 2016. It aims to provide financial support to farmers in case of crop damage due to natural calamities, pest attacks, or other such incidents.
For the year 2020, the last date to enroll in the scheme has been extended till the end of August. Farmers can enroll for PMFBY through their respective state government agencies or online portal. The government has also made provisions for farmers to apply for the scheme through Common Service Centers (CSCs) and agricultural institutes.
The premiums for the insurance scheme are nominal, with only 2% of the sum insured for Kharif crops, 1.5% for Rabi crops, and 5% for commercial and horticultural crops. The government provides subsidies to farmers for these premiums as well.
Under the PMFBY, farmers can avail of coverage for yield loss, prevented sowing, mid-season adversity, and post-harvest losses. The claims are settled within a period of two months from the date of submission.
The scheme has been successful in providing financial support to farmers in times of need. However, there have been some challenges in implementing the scheme, especially in terms of sluggish claim processing and limited awareness among farmers.
Therefore, it is important for farmers to understand the benefits and coverage options of the PMFBY. The extension of the last date for enrolling in the scheme for 2020 provides an opportunity for more farmers to take advantage of this crucial government initiative and secure their crops against unforeseen natural calamities and losses.