You can download the Pradhan Mantri Fasal Bima Yojana (PMFBY) Guidelines PDF for free by using the direct link provided below on the page.
Pradhan Mantri Fasal Bima Yojana (PMFBY) Guidelines PDF
The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a government initiative in India that was launched in Kharif 2016. Its main objective is to support agricultural production by providing affordable crop insurance to farmers. This insurance product ensures comprehensive coverage against non-preventable natural risks from pre-sowing to the post-harvest stage. Since its inception, the PMFBY has successfully completed eight crop seasons and is currently being implemented across various states and union territories in India. The scheme aims to provide a safety net for farmers, protecting them from the financial burden caused by crop losses due to natural calamities such as drought, flood, cyclone, or pests.
The PMFBY operates on a premium-sharing basis between the farmer, the state government, and the central government. The premium rates are kept low to make the insurance affordable for farmers, with the government providing subsidies to further reduce the burden on the farmers. The scheme covers a wide range of crops, including food crops, oilseeds, and horticultural crops. It also provides coverage for localized risks such as hailstorms, landslides, and inundation. The insurance coverage extends throughout the crop cycle, starting from the pre-sowing stage, including the sowing, growing, and harvesting stages, up to the post-harvest stage.
To ensure effective implementation, the PMFBY has established a robust framework involving various stakeholders. This includes insurance companies, banks, state governments, and other agencies responsible for the assessment of crop losses and the settlement of claims. Farmers who wish to avail themselves of the benefits of the PMFBY need to enroll themselves and declare their crops within the specified time period. The premium amount is calculated based on the sum insured, which is determined by the government based on the average yield of the crop in the respective area.
In case of crop loss or damage, farmers can file insurance claims with the designated authorities. The claims are assessed based on predefined criteria, and if found eligible, the farmers are compensated for their losses. The claims settlement process is designed to be quick and transparent, ensuring that farmers receive their rightful compensation in a timely manner. The PMFBY has been instrumental in providing financial security to farmers and encouraging them to take up agricultural activities without the fear of unpredictable natural calamities. It has helped in stabilizing farm incomes, reducing distress in the farming community, and promoting agricultural growth and development in the country.
Pradhan Mantri Fasal Bima Yojana (PMFBY) Guidelines Download
- Since the launch of the Pradhan Mantri Fasal Bima Yojana (PMFBY), the Ministry of Agriculture and Farmers Welfare (MoA& FW), Government of India (GoI) has taken several steps to enhance the effectiveness, transparency, and automation of the scheme. The aim is to minimize manual interventions and ensure consistent implementation and execution on the ground. To achieve this, the government has developed comprehensive Operational Guidelines (OGs) and incorporated advanced technological solutions. Under the PMFBY, all farmers, including sharecroppers and tenant farmers, who cultivate the notified crops in the designated areas, are eligible for coverage.
- To establish eligibility, farmers must demonstrate an insurable interest in the crops and lands they cultivate. This requires the submission of relevant documentary evidence, such as Records of Right (RoR), Land Possession Certificate (LPC), or other documents specified by the state government. In the case of sharecroppers or tenant farmers, the respective states define the necessary documentation in their notifications. Additionally, farmers are required to provide their Aadhar Number and declare the crops they have sown or intend to sow.
- These eligibility criteria ensure that the PMFBY reaches the intended beneficiaries and provides them with the necessary protection against crop losses. By requiring proper documentation, the scheme aims to prevent any misuse or fraudulent claims, ensuring that the benefits are directed to the deserving farmers. The use of Aadhar Numbers in the PMFBY facilitates efficient identification and verification of farmers, streamlining the enrollment process. This unique identification system helps in maintaining accurate records and ensures that the benefits are disbursed to the rightful beneficiaries.
- To further enhance the implementation of the PMFBY, the government has embraced technology-driven solutions. This includes the use of satellite imagery, drones, and remote sensing techniques for crop assessment and loss estimation. These advanced tools enable a more accurate and objective evaluation of crop losses, reducing the reliance on subjective assessments and minimizing disputes during the claims settlement process.
- The scheme also leverages digital platforms for the submission of applications, premium payments, and claim processing. This digitization not only simplifies the procedures but also ensures transparency and timely delivery of benefits to the farmers. Farmers can conveniently access information regarding their coverage, premium payments, and claim status through online portals or mobile applications.
Objective of the Scheme:
- The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a comprehensive scheme that aims to support sustainable production in the agriculture sector. It achieves this by providing financial assistance to farmers who suffer crop loss or damage due to unforeseen events. This support helps stabilize their income, ensuring their continued engagement in farming.
- One of the key objectives of the PMFBY is to encourage farmers to adopt innovative and modern agricultural practices. By doing so, the scheme aims to enhance the growth and competitiveness of the agriculture sector. It also promotes crop diversification, which helps in reducing risks associated with over-reliance on a single crop.
- To providing financial support, the PMFBY plays a crucial role in ensuring the creditworthiness of farmers. With a reliable insurance cover, farmers can access credit facilities more easily, enabling them to invest in their agricultural activities and adopt new technologies and practices.
- By safeguarding farmers from production risks, the PMFBY provides them with a sense of security and confidence. This encourages them to take calculated risks and explore new opportunities in agriculture. Ultimately, the scheme contributes to the overall development and sustainability of the agriculture sector in India.