Update, 5 Big Advantages of Fasal Bima Yojana for Farmers in 2024-25
This post is for you if you are a farmer or the son of a farmer. The Pradhan Mantri Fasal Bima Yojana was launched by the national government to provide farmers with compensation in the event that their crops are lost. If your crop sustains significant losses from frequent damage from rain or other natural causes, you can make up the difference with this plan.
Farmers can obtain crop insurance under the PM Fasal Bima Yojana, which was initiated by the central government. The payment is paid in part by the farmers and again by the government. In this manner, if the crop for which you are insured is damaged for whatever cause, the insurance company will submit the insurance claim for you. It is possible that you will not be able to benefit from this scheme if you are not yet aware of it. You must read this article through to the end if you wish to benefit from this scheme. That's because it contains all the information you need to apply for it and receive its benefits, including its goal, its advantages, eligibility requirements, application documents, and the application process.
PM Fasal Bima Yojana 2024
On 18 February 20th, Prime Minister Shri Narendra Modi launched the Crop Insurance Scheme, a program that allows farmers to report crop losses. The primary goal of the program is to give farmers who have lost crops due to natural disasters financial support so they can buy new and modern farming supplies.
The government gives farmers varying amounts of money under the Pradhan Mantri Fasal Bima Yojana based on the loss of various crops. In order to get benefits under this system, the nation's farmers must meet certain qualifying requirements and produce the required paperwork.
PM Fasal Bima Yojana 2024 Overview
Name of the scheme | Prime Minister Crop Insurance Scheme |
Relevant departments | Department of Agriculture and Farmers Welfare |
began | by the central government |
Beneficiary | All the farmers of India |
Main Objective | Financial assistance to farmers |
maximum amount | 2 lakh rupees |
Helpline Number | 1800–180-1111 / 1800-110-001 |
Application Process | Online/Offline |
Official Website | pmfby.gov.in |
What are the benefits of PM Fasal Bima Yojana?
There are several different kinds of benefits offered by the PM FASAL BIMA YOJANA, some of which are listed here.
1. The entire insurance amount for crop loss brought on by a natural disaster.
2. An online calculator for insurance
3. Increasing the profitability of farming
4. Extremely low premium amount
5. A simple online application procedure
6. To motivate farmers to cultivate
7. A 24-hour helpline is available.
Which crops are included under PM Fasal Bima Yojana?
Should you wish to apply for the PM FASAL BIMA YOJANA and cover the cost of your crop loss, your crop must be one of the following; if it is not listed, you will not be eligible for the program; however, if it is one of the crops listed below, you can use the program to make up for your loss.
1. Millet, wheat, paddy, etc.
2. Jute, cotton, sugarcane, and so forth.
3. Green gramme, soybean, urad, labia, gramme, pea, Arhar, mahashoor, and so on.
4. Cottonseed, sunflower, toria, safflower, linseed, Niger seed, mustard, endive, peanut, and sesame seeds, among others.
5. Citrus fruits, papaya, pineapple, sapota, tomato, peas, cauliflower, apple, mango, orange, guava, litchi, papaya, banana, grapes, potato, onion, ginger, cardamom, and turmeric.
PM Fasal Bima Yojana Aim
Prime Minister Shri Narendra Modi's primary goal in launching the Pradhan Mantri FASAL BIMA YOJANA is to give farmers who have lost crops to natural disasters financial support. so that current and innovative agricultural goods can be promoted to farmers. They are also able to replant crops and maintain a steady and consistent income from farming. Farmers who lose different crops are given varying amounts of money by the government under the Pradhan Mantri FASAL BIMA YOJANA. The country's farmers must fill out a few required forms in order to receive incentives under this program. A few other documents will also need to be maintained on hand in addition to this.
Eligibility required for PM Fasal Bima Yojana
Farmers must meet the following qualifying requirements in order to apply for this program.
1. All farmers in the nation who cultivate recognised crops as landowners or tenants in designated regions are eligible to apply for this program.
2. The applicant must be an Indian resident in order to receive the Pradhan Mantri Fasal Bima Yojana benefits.
3. A middle-class or impoverished family should be the farmer's family.
4. The farmer must apply for this with all required paperwork.
PM Fasal Bima Yojana Apply Online
if the harm to your crop has also occurred. Also, you're quite concerned. You don't have to be concerned anymore. since the Indian government launched the Prime Minister Crop Insurance Scheme in 2016. Under this program, you can receive compensation from the government for crop loss if your crop is damaged. Remember that the benefit of this plan will only be delivered if your crop is naturally destroyed. You may apply for this scheme if you are qualified. In order to apply online, you must follow the steps listed below. This procedure is comparable to this:
- You must first go to the Pradhan Mantri Fasal Bima Yojana official website in order to apply.
- You must select the Farmer Corner option once you have arrived at the official website's home page.
- Next, you will need to select the Guest Farmer option.
- A form for applying will then appear in front of you.
- Once you have completed all the required fields on this application, you will need to input the captcha code.
- Once you have completed all the fields, you will need to select the "Create User" option.
- After that, you will need to use your registered cellphone number to log in to this interface.
- A form for the application will appear as soon as you log in to the portal.
- This application must be properly filled out and thoroughly reviewed.
- Once all the information has been entered, you will need to upload the necessary files.
- At last, you will need to select the "Submit" option.
- Friends, you can apply for the Pradhan Mantri FASAL BIMA YOJANA with ease in this way. Additionally, you can benefit from this plan.
PM FASAL BIMA YOJANA Application Status
if you have also submitted an application for the Pradhan Mantri FASAL BIMA YOJANA. You now wish to see how your application is progressing. Therefore, by following the steps listed below, you can verify the status of your application.
- The initial step for the applicant is to go to the Pradhan Mantri FASAL BIMA YOJANA's official website.
- The next step is to select the application status choice.
- Following this, you must provide your application number, click the "Check Status" option, and collect your information.
- You will be able to see the status of your application as soon as you click on the check status option.
Recent Updates and Reforms in FASAL BIMA YOJANA
In recent years, the FASAL BIMA YOJANA has undergone several updates to better serve farmers:
- Technology Integration: Use of satellite imagery, drones, and mobile applications for accurate assessment.
- Transparency Improvements: Introduction of real-time data tracking to reduce fraud.
- Higher Coverage Limits: Increase in insured amounts and crop coverage areas.
- Enhanced Claims Process: Faster processing times to ensure timely compensation.
Frequently Asked Questions
Depending on the time of year and region, the program covers Kharif, Rabi, and specific commercial and horticultural crops.
Government subsidies cover the remaining amount of premiums, which are fixed at 2% for Kharif crops, 1.5% for Rabi crops, and 5% for commercial/horticultural crops.
Within a few weeks of verification, the claim amount is processed and sent into the farmer's bank account.
Farmers who have crop loans from financial institutions are required to enlist, but others are free to do so.
Yes, applications can be submitted through the official PMFBY portal or the PMFBY mobile