{"id":7531,"date":"2025-12-03T02:19:47","date_gmt":"2025-12-02T20:49:47","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=7531"},"modified":"2025-12-04T12:33:51","modified_gmt":"2025-12-04T07:03:51","slug":"pradhan-mantri-fasal-bima-yojana-pmfby","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/pradhan-mantri-fasal-bima-yojana-pmfby\/","title":{"rendered":"Pradhan Mantri Fasal Bima Yojana (PMFBY)"},"content":{"rendered":"<h2>Pradhan Mantri Fasal Bima Yojana Latest News<\/h2>\n<p>The Union government has decided to expand the ambit of the PM Fasal Bima Yojana to include crop damage by animals as a ground for payouts, a long-standing demand by farmers, an official said recently.<\/p>\n<h2>About Pradhan Mantri Fasal Bima Yojana<\/h2>\n<ul>\n<li>Launched on 18th February <strong>2016<\/strong>, PMFBY is a <strong>crop insurance scheme<\/strong> by the Department of Agriculture, Cooperation, and Farmers\u2019 Welfare, <strong>Ministry of Agriculture.<\/strong><\/li>\n<li>PMFBY aims to provide financial protection to farmers a<strong>gainst crop loss due to natural disasters <\/strong>(hail, drought, famine),<strong> pests, and diseases.\u00a0<\/strong><\/li>\n<li>PMFBY provides crop insurance <strong>at a cost-effective premium <\/strong>to all Indian farmers.\u00a0<\/li>\n<li>It is <strong>implemented through a network of insurance companies and banks<\/strong>.\u00a0<\/li>\n<\/ul>\n<h2>Pradhan Mantri Fasal Bima Yojana Objectives<\/h2>\n<ul>\n<li>To provide <strong>financial assistance <\/strong>and support<strong> to farmers suffering from crop damage<\/strong> or loss arising out of <strong>unforeseen events.<\/strong><\/li>\n<li>To stabilise the income of farmers and ensure continuance in farming.<\/li>\n<li>To <strong>encourage <\/strong>the farmers to adopt modern and <strong>innovative agricultural practices.<\/strong><\/li>\n<li>To <strong>ensure crop diversification, <\/strong>and creditworthiness of the farmers, enhance growth, and competitiveness of the agriculture sector and protect the farmers from production risks.<\/li>\n<\/ul>\n<h2>Pradhan Mantri Fasal Bima Yojana Eligibility<\/h2>\n<ul>\n<li><strong>All farmers, including sharecroppers and tenant farmers, growing <\/strong>the <strong>notified crops in the notified areas <\/strong>are eligible for coverage.<\/li>\n<li><strong>Compulsory Component:All farmers availing <\/strong>Seasonal Agricultural Operations (SAO) l<strong>oans from Financial Institutions<\/strong> (i.e. loanee farmers) for the notified crops would be covered compulsorily.<\/li>\n<li><strong>Voluntary Component: <\/strong>The Scheme would be <strong>optional for the non-loanee farmers<\/strong>.<\/li>\n<li>Farmers must have an insurable interest in the insured crops.<\/li>\n<li>Farmers <strong>must possess <\/strong>a valid and <strong>authenticated land ownership certificate <\/strong>or a valid <strong>land tenure agreement.<\/strong><\/li>\n<li>Farmers must not have received compensation for the same crop loss from any other medium or source.<\/li>\n<li><strong>Special efforts<\/strong> shall be made <strong>to ensure maximum coverage of SC\/ST\/Women farmer<\/strong>s under the scheme.\u00a0<\/li>\n<li><strong>Budget allocation and utilization<\/strong> under this should be i<strong>n proportion to land holdings of SC\/ ST\/ Genera<\/strong>l <strong>along with women <\/strong>in the respective state cluster.<\/li>\n<\/ul>\n<h2>Pradhan Mantri Fasal Bima Yojana Benefits<\/h2>\n<ul>\n<li><strong>Affordable Premiums:<\/strong>\n<ul>\n<li>The maximum premium payable by the farmer will be 2% for the Kharif food and oilseed crops.\u00a0<\/li>\n<li>For rabi food and oilseed crops, it is 1.5% and for yearly commercial or horticultural crops it will be 5%.\u00a0<\/li>\n<li>The remaining premium is subsidized by the government.<\/li>\n<li>For the farmers in the North-Eastern States, Jammu, Kashmir, and Himachal Pradesh, the government also pays the entire premium.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Comprehensive Coverage:<\/strong>\n<ul>\n<li>The scheme covers <strong>natural disasters<\/strong> (droughts, floods), <strong>pests, and diseases.<\/strong><\/li>\n<li><strong>Post-harvest losses due to local risks like hailstorms and landslides<\/strong> are also included.<\/li>\n<li>Loss or <strong>damage <\/strong>to notified insured crops <strong>due to war, nuclear risks, malicious damage <\/strong>and other preventable risks is <strong>excluded<\/strong> from the scope of coverage.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Timely Compensation: <\/strong>PMFBY aims to <strong>process claims within two months of the harvest <\/strong>to ensure that farmers get the compensation quickly, preventing them from falling into debt traps.<\/li>\n<li><strong>Technology-Driven Implementation:\u00a0<\/strong>\n<ul>\n<li>PMFBY integrates advanced technologies like <strong>satellite imaging, drones, <\/strong>and mobile apps for <strong>precise estimation of crop loss,<\/strong> ensuring accurate claim settlements.<\/li>\n<li>The <strong>National Crop Insurance Portal (NCIP)<\/strong> digitizes processes for seamless farmer-insurer-bank interaction. <strong>YES-TECH (Yield Estimation System Based on Technology) <\/strong>ensures <strong>remote sensing based accurate yield estimation<\/strong>, while <strong>CROPIC (Collection of Real-time photos and Observations of Crops)<\/strong> uses <strong>geotagged photos<\/strong> to verify crops for precise damage assessment.\u00a0<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>Pradhan Mantri Fasal Bima Yojana FAQs<\/h2>\n<p><strong>Q1<\/strong>. Who are called sharecroppers?<\/p>\n<p><strong>Ans<\/strong>. A sharecropper is a tenant farmer, someone who works land that&#8217;s rented from its owner<\/p>\n<p><strong>Q2<\/strong>. What are Rabi Crops?<\/p>\n<p><strong>Ans<\/strong>: Rabi crops are cultivated during the spring season, which typically lasts from November to April in India.\u00a0<\/p>\n<p><strong>Q3<\/strong>. What are Kharif crops?<\/p>\n<p><strong>Ans<\/strong>: Rabi crops are winter crops sown after the monsoon and harvested in spring, thriving in cool, dry conditions.<\/p>\n<p><strong>Q4<\/strong>. What is remote sensing?<\/p>\n<p><strong>Ans<\/strong>: Remote sensing is the science of obtaining information about objects or areas from a distance, typically from aircraft or satellites.<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.hindustantimes.com\/india-news\/central-scheme-to-cover-crop-damage-by-animals-101738004052706-amp.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>HT<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PM Fasal Bima Yojana is a crop insurance scheme by the Department of Agriculture, Cooperation, and Farmers\u2019 Welfare, Ministry of Agriculture.<\/p>\n","protected":false},"author":5,"featured_media":7532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-7531","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/7531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=7531"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/7531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/7532"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=7531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=7531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=7531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}