Pradhan Mantri Fasal Bima Yojna (PMFBY) was introduced on 18 February 2016 by Prime Minister Narendra Modi. PM Fasal Bima Yojana provides a comprehensive insurance cover against failure of the crop thus helping in stabilizing the income of farmers.
Objectives of PMFBY
The objective of Pradhan Mantri Fasal Bima Yojana are;
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To provide insurance coverage & financial support to the farmers in the event of failure of any of the notified crops as a result of natural calamities, pests, and diseases
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To stabilize farmers’ income to ensure their continuance in farm activities
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To encourage them to adopt innovative & modern agricultural practices
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To ensure the flow of credit to the agriculture sector
What crops are covered under PMFBY?
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Food crops (Cereals, Millets and Pulses)
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Oilseeds
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Annual Commercial / Annual Horticultural crops
Documents needed for PMFBY registration
Important documents required for PMFBY are as follow;
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Identity proof of the farmer such as PAN card, driving license, voter ID card, passport, Aadhaar card.
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Address proof like driving license, voter ID card, passport or Aadhaar card
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Photo copy of field Khasra number / account number is required.
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Proof of sowing of crop in the field.
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A cancelled cheque is required along with all the papers.
How to apply for PM Fasal Bima Yojana
Follow the steps given below to apply for PM fasal bima yojana;
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Go to the official website of PMFBY
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Click on Farmers corner on the homepage
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Now Login with your Mobile number and if you don’t have an Account then Login as Guest Farmer
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Enter all required details such as name, address, age, state etc.
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Finally, click the submit button.
Companies that provide Pradhan Mantri Fasal Bima Yojana
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Bajaj Allianz
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SBI General Insurance
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United India Insurance Co.
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Agriculture Insurance Company
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Reliance General Insurance Co. Ltd.
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HDFC ERGO General Insurance Co. Ltd.
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IFFCO Tokio General Insurance Co. Ltd.
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ICICI Lombard General Insurance Co. Ltd.
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Tata AIG General Insurance Co. Ltd.
For details regarding the scheme, you can contact the abovementioned companies also.
Points to remember
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You have to take the insurance policy within 10 days of sowing the crop.
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PMFBY covers the losses incurred within 14 days of harvesting.
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It will be beneficial only in the event of loss due to a natural disaster.
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In case of crop loss, immediately inform your bank.
