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30 Mar 2024
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Agriculture is a prime source of livelihood for many in India and food is one of the most important necessities of life. When we talk about the agriculture sector it is highly volatile. It is due to factors such as weather condition, crop diseases, pests, etc. that likewise affects production. To safeguard the farmers against any uncertainty and loss of crops, the Ministry of Agriculture and Farmers Welfare, launched an initiative on February 18, 2016, called the Pradhan Mantri Fasal Bima Yojana (PMFBY).
The Pradhan Mantri Fasal Bima Yojana is an Indian government initiative. Within the PMFBY scheme, the farmer may get his crop insured, and resolve any queries and concerns with the assistance of the web portal. The portal permits different departments of the Indian government to disseminate information about the scheme that can benefit the framer in the long run. The Pradhan Mantri Fasal Bima Yojana scheme provides coverage to the Indian farmers against any financial loss that may incur under an unfortunate event. The PM Fasal Bima Yojana offers insurance coverage cover in case of loss due to a natural calamity, crop diseases, pests, unseasonal rains, and so forth. This will help the farmers to stabilize their income and ensure their continuance in farming and adopting innovative and modern agricultural practices. Moreover, it also ensures credit flow to the agriculture sector. You can easily access the PMFBY portal by visiting the portal link: https://pmfby.gov.in/
The prime motto of the PMFBY scheme is One Nation, One Crop, One Premium. The Pradhan Mantri Fasal Bima Yojana aims to provide crop insurance at a cost-effective premium to all Indian framers. Let us have a look at the key highlights of the PMFBY scheme:
Note: For detailed information, please visit the PMFBY web portal. Also Read: How Can Farmers Benefit from the PMFBY Crop Insurance
Here is a rundown of all the documents required for the Pradhan Mantri Fasal Bima Yojana:
The Indian government has provided the facility to all Indian framers to register for the PM Fasal Bima Yojana schemes themselves. This is how the farmers can successfully go forward with PMFBY online registration:
Also Read: Know about Weather Based Crop Insurance Scheme
The claim process for Pradhan Mantri Fasal Bima Yojana is easy and hassle-free. Here is a quick rundown of the general steps involved in the claim process of the PMFBY scheme:
The Pradhan Mantri Fasal Bima Yojana scheme is the flagship scheme for the Indian government to boost the agriculture sector. Crop insurance is an important tool that safeguards against the smallest portability of a large unexpected loss. Remember, the PMFBY scheme will enable you against any uncertainty that may otherwise cause financial distress. *Standard T&C apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
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