Pradhan Mantri Fasal Bima Yojna
Pradhan Mantri Fasal Bima Yojana Objective of the Scheme Aims for supporting sustainable production in agriculture sector by way of to provide compensation to farmers suffering crop loss/damage arising out of unforeseen events to stabilize the income of farmers to ensure their continuance in farming to encourage farmers to adopt innovative and modern agricultural practices d) to ensure flow of credit to the agriculture sector; which will attribute to food security, crop diversification and enhancing growth and competitiveness of agriculture sector besides protecting farmers from production risks. 18 February 2016 was the day when Prime Minister Shri Narendra Modi launched this profitable scheme. It is an actuarial premium based scheme for farmers. 21-states implemented this scheme in Kharif 2016, while 23 states and 2-union territories implemented this scheme in Rabi 2016-17. Privileges Of Pradhan Mantri Fasal Bima Yojana (PMFBY) Under t