PMFBY Scheme: In 2016, the central government launched an exciting scheme called Pradhan Mantri Basal Bhima Yojana, known as PMFBY, for farmers’ crop insurance schemes. Through this scheme, the central government provides compensation to farmers in case of crop damage due to rain and changes in natural conditions. Various farmers in India can benefit from this and can apply for this scheme by paying specific amount online. We have provided complete information about this scheme very clearly in this article, so read the article completely.
PMFBY Scheme
The central government provides compensation to all farmers in India for any damage to their agriculture through the PMFBY scheme. Now due to chemical fertilisers, natural disasters and rains, farmers’ crops are completely burnt. Due to this, many farmers suffer mental distress and die. With the good intention of fully protecting agriculture, the central government introduced this PMFBY insurance scheme for farmers in 2016. At present crores of farmers are benefited by this scheme.
Main Objectives of the PMFBY Scheme
- To provide financial assistance to farmers who have suffered crop loss and damage due to unforeseen events
- To stabilize the income of farmers and ensure their continuation of agriculture
- Encouraging farmers to adopt innovative farming practices and modern farming practices
- Ensuring agricultural credit to all farmers
PMFBY kharif Scheme
If you want to get kharif crop insurance through the PMFBY scheme of the central government, you have to pay 1.5% of the premium amount you can take. Generally, these kharif crops refer to crops like rice, sorghum, cotton, jowar and bajra, which are grown during the hot season of April and May. So if you are a farmer cultivating such crops, you can apply for this PMFBY Kharif scheme by calculating the area cultivated and the total cost of farming. For example, if the total expenditure required for your farming is Rs.3 lakh, you can insure under this scheme by paying 1.5% interest of Rs.4500 on that three lakh.
PMFBY Rabi Scheme
If you are a farmer growing September and October crops like pulses, peas, barley, etc., you can apply for the PMFBY Rabi scheme. You can apply online for this scheme by paying two percent of the total cost required for your agriculture. For example, if the total cost of your farming is one lakh rupees, you need to pay Rs 2000. This scheme will get you Rs 1 lakh if agriculture is affected during monsoons.
Benefits Available Through BMFBY Scheme
- If the sown seeds do not germinate then you can benefit from this scheme
- Crops and seeds affected by any disease can benefit from this scheme
- Any post-harvest loss can be benefited through this scheme
- In case of any local calamities, the scheme can be availed
- If any wild animals attack and destroy the crops, they can benefit from this scheme
How to Apply PMFBY Scheme
- First, go to the official website of PMFBY
- Click on the Farmer’s Corner option
- Next, Click on the Guest Harmer option
- Fill in all the details of the farmer
- Enter complete home address
- Enter any ID proof number
- Next, enter the bank account details
- Finally, submit the application
After you apply you can check the status of your application on the same website.
How to Check PMFBY Scheme Application Status
- Go to the official website
- Click on the Application Status option
- Enter the receipt number
- Enter the captcha code
- Click on the yellow click status button
- Now you can know your application status