PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY) PDF DOWNLOAD

TOPIC COVER’S IN PDF PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY).

OBJECTIVES
IMPLEMENTING AGENCY (IA)
MANAGEMENT OF THE SCHEME
UNIT OF INSURANCE (PRADHAN MANTRI FASAL BIMA YOJANA)
CROPS AND NOTIFIED AREA
FARMERS TO BE COVERED
COMPULSORY COVERAGE
RISKS TO BE COVERED & EXCLUSIONS
SUM INSURED / LIMIT OF COVERAGE
SHARING OF RISK
INDEMNITY LEVEL (IL) and THRESHOLD YIELD (TY)
CALENDER OF ACTIVITY
Localized Calamity Loss Assessment
Post-Harvest Loss Assessment
PROCEDURE FOR SETTLEMENT OF CLAIMS
MANAGEMENT OF THE SCHEME AND REVIEW
PUBLICITY & AWARENESS
SERVICE TAX
REVIEW OF THE SCHEME (PRADHAN MANTRI FASAL BIMA YOJANA)
OBJECTIVES OF PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY)

PRADHAN MANTRI FASAL BIMA YOJANA

 It was launched on 13th January, 2016.

 This scheme replaced the existing two crop insurance schemes viz. National Agricultural Insurance Scheme (NAIS) and Modified NAIS and is being implemented since Kharif season of 2016 (June 2016).

 The new Crop Insurance Scheme is in line with One Nation – One Scheme theme. It incorporates the best features of all previous schemes and at the same time, all previous shortcomings/weaknesses have been removed.

 Ministry of Agriculture and Farmers Welfare is nodal agency for this scheme.

 The scheme covers Kharif, rabi crops as well annual commercial and horticulture crops.

 It also covers post-harvest losses apart from yield loss.

 It also has provisions for farm level assessment for localised calamities including hailstorms, unseasonal rains, landslides and inundation.

 It is open to all farmers.

 It is optional non-loanee farmers.

 There is no capping in premium and there is one premium rate on pan-India basis.

 The premium rate is 1.5%, 2% and 5% for all Rabi, Kharif and annual horticultural/ commercial crops, respectively.

 The balance premium will be paid by the government to provide full insured amount to the farmers.

 There is no upper cap on government subsidy, even if the balance premium is 90 percent, the government will bear it.

 A cluster approach will be adopted under which a group of districts with variable risk profie will be allotted to an insurance company

 The existing State Level Co-ordination Committee on Crop Insurance (SLCCCI), of the concerned State will be responsible for monitoring the programme in their state.

PRADHAN MANTRI FASAL BIMA YOJANA

 A National Level Monitoring Committee (NLMC) under the chairmanship of Joint Secretary (Credit), Department of Agriculture cooperation and farmers welfare (DAC & FW) will monitor the scheme at the national level.

 The scheme proposes mandatory use of remote sensing, smart phones and drones for quick estimation of crop loss to speed up the claim process.

 Rs 5,500 crore was allocated to this Yojana in Budget Estates 2016-17 and it was increased to Rs 13,240 crore in the Revised Estimates for 2016-17 to settle the arrear claims.

 In Union Budget 2017-18, Rs 9,000 crore has been allocated for this scheme.

 The expenditures of this scheme are funded through “Krishi Kalyan Kosh” in which money obtained through Krishi Kalyan Cess is credited.

 The coverage of this scheme will be increased from 30 per cent of cropped area in 2016-17 to 40 per cent in 2017-18 and 50 per cent in 2018-19.

PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY) Pdf Download

TOPIC COVER’S IN PDF PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY).

PRADHAN MANTRI FASAL BIMA YOJANA

PRADHAN MANTRI FASAL BIMA YOJANA

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TOPIC COVER’S IN PDF PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY).

PRADHAN MANTRI FASAL BIMA YOJANA

PRADHAN MANTRI FASAL BIMA YOJANA

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