MP Fasal Bima Yojana

MP Fasal Bima Yojana

There are lakhs of farmers in our country, who unite day and night to sow their crop, but due to natural calamities, their crop gets spoiled and sometimes it happens that the entire crop gets ruined. In this way, the farmers are not able to get the fruits of their hard work, due to which they are unable to do further farming and remain in debt. Pradhan Mantri Fasal Bima Yojana (PMFBY) has been started to provide relief to the farmers from such crisis and to compensate for the wasted crop. It was launched on 13 January 2016.

To take advantage of this scheme, it will be mandatory for you to apply online for Kisan Fasal Bima Yojana. There are many things related to this scheme, which you have to keep in mind before applying. If you also want to register yourself under PMFBY, or want to understand the terms document or complete process (MP Fasal Bima kab Milega) related to the scheme , then this article of ours is very important for you. So do read till this end.


Pradhan Mantri Fasal Bima Yojana Kharib Crop Insurance process started in Madhya Pradesh

Under the Pradhanmantri Fasal Bima Yojana, the Kharib Crop Insurance process has been started. To take advantage of this scheme, the premium amount will be deducted from the bank account of the beneficiary farmers. All the banks have been instructed by the government to deduct the amount of premium. Agriculture Insurance Company of India Limited has provided complete information about the process of Pradhan Mantri Fasal Bima Yojana to the nodal offices of all Madhya Pradesh banks. Under this scheme, farmers will have to pay 1.5 percent of the scale of finance as premium.

  • The premium of all the loanee farmers will be deducted automatically by the bank. Now under this scheme loanee farmers will not need to give consent letter and all those loanee farmers who do not want to get benefits under this scheme, they will have to submit a dissent letter to the bank.
  • With this, it will be mandatory for all non-loanee farmers to give consent letter to take advantage of crop insurance scheme, only then their crop will be insured. To take advantage of this scheme, all farmers have to approach any state level cooperative bank, regional rural bank, commercial bank, financial institution.


Benefits of Pradhan Mantri Fasal Bima Yojana

Farmers will be able to do farming with confidence, there will be no fear of loss due to natural calamity in their mind.

Many farmers used to stop farming due to crop failure, now such cases will be closed through this scheme.

The income of farmers across the country will increase.

Farmers will have to pay premium of 2 per cent for their Kharif crop, 1.5 per cent for Rabi and only 5 per cent on commercial crops.

Farmers will be given compensation for their damaged crops.

Under the scheme, an amount of up to Rs 2 lakh can be given to the farmers as compensation.


Premium amount under Pradhan Mantri Fasal Bima Yojana

To get the benefits under PM Fasal Bima Yojana, farmers have to pay the premium amount. The amount of this premium has been kept very less in Pradhan Mantri Bima Yojana as compared to other crop insurance schemes. The amount of premium is as follows.

  • For Kharif Crop:  2% of Sum Insured
  • For Rabi Crop:  1.5% of Sum Insured
  • For commercial and horticultural crops annually:  5% of the sum insured


New update of Pradhan Mantri Fasal Bima Yojana

Pradhan Mantri Kisan Fasal Bima Yojana has been started to compensate the farmers for the loss of their crops due to natural calamities. At this time it is raining heavily in the country and somewhere there is drought. Due to which a lot of damage is being done to the crop. If there is any damage to the crop, then the complaint will have to be lodged on the local agriculture office farmer helpline number within 72 hours. Apart from this, this complaint can also be lodged on the Crop Insurance App. If you want to get other information regarding this then you can contact on helpline number one 18001801551.


Eligibility of Pradhan Mantri Fasal Bima Yojana

  • All the farmers of the country can be eligible under this scheme.
  • Under this scheme, you can get insurance for the farming done on your land.
  • Those farmers who are cultivating on lease or rented land will also be able to register under the scheme.
  • Those farmers of the country will be considered eligible under this scheme. Those who are not taking benefit of any insurance scheme before.


Documents for application in Prime Minister’s Crop Insurance Scheme

ID card of the farmer applying, such as PAN card, Aadhar card, driving license, or voter ID.

passport size photo

If the agricultural land is in your name, then keep its Khasra number, account number papers with you. If the land is not in your name and is on rent or lease, then its agreement (Note: This should also contain the Khasra number and Khata number of the farm).

Date of the day the farmer started sowing the crop

Proof that the crop has been sown in the field will have to be presented.

To prove the sowing of the crop, farmers can get a letter written from the patwari or sarpanch.

Bank account details

In case of crop loss, the compensation amount will be directly transferred to the bank account.


Last date of Pradhan Mantri Fasal Bima Yojana

If you want to apply under Pradhan Mantri Fasal Bima Yojana, then the last date for Kharif crop is 31st July and for Rabi crop the last date is 31st December. The last date of this scheme can also be asked from CSC center, PMFBY portal, insurance company or agriculture officer.


PM Crop Insurance Scheme Activity Calendar

activity calendar Kharif Rabi
Loan sanctioned for loanee farmers on compulsory basis. from April to July from october to december
Cut off date for receipt of proposals of farmers (lenders and non-lenders). 31 July 31 December
Cut off date to get yield data within a month of the last harvest within a month of the last harvest


Premium deposited so far in PM Fasal Bima scheme

In the last three years, a premium of Rs 13,000 crore has been collected in this scheme, but when the natural calamity struck, the farmers received about Rs 64,000 crore as compensation, four and a half times the premium. Officials said there is no change in the premium share. It is 2 per cent for Kharif crops, 1.5 per cent for Rabi crops and a maximum of 5 per cent for commercial and horticultural crops. Claims worth over Rs 8,090 crore have been paid under this scheme during the lockdown.


How to fill the form of Pradhan Mantri Fasal Bima Yojana (PMFBY)?

Forms for PMFBY scheme can be filled both online and offline (by visiting the bank).


Prime Minister’s Crop Insurance Scheme PDF Form 2022

Fasal Bima PDF Form Click Here 

Leave a Comment