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 this scheme, farmers must pay a maximum premium of 2% for Kharif, 1.5% for Rabi food & oilseed crops and 5% for annual commercial or horticultural crops. The remaining part of the actuarial premium is equally shared by the Central & State Government. 

Goal

  • The primary purpose of PMFBY is to facilitate quick claims settlement. 
  • In addition, the objective is to compensate farmers for the damage caused by floods, storms, hailstorms, and heavy rains.  

Comments

Post a Comment

Popular posts from this blog

Meet DeHaat, The Seeds-to-market Indian Agri-tech Startup With $42M Raised In 12 Months

Image
                                            Written By - Astha Singh While startups have disrupted a number of industries around the world, India is often seen as the true test of new and revolutionary offerings. Health-tech, Fintech, Edu-tech, eCommerce have made huge inroads in India over the last few years, and now, startups are also beginning to overhaul India's traditional mainstay - the agriculture sector. The frontrunner in this domain is a startup that traces its origins to Bihar - DeHaat . Now Gurgaon-headquartered, DeHaat is one of the fastest-growing startups in India's Agri-Tech sector and among its highest-valued, having raised almost $42 million in little over a year. Now 9 years old, it aims to offer farmers a range of services that encompass supply chain, agricultural inputs, advice on crops, pests, soil and seeds, and a lot more. These services are available online as well as via on-ground outlets. Republic World's
Read more

AIOA, Amity University, Noida

Image
๐Ÿ‘‰๐Ÿ‘‰  Today's THE HINDU Newspaper TRAVEL in the younger sort, is a part of EDUCATION ; in the elder a part of EXPERIENCE       KrishiGurukul Club                           &              Agro Club   are collaborating together for the     'First Off Campus Event'           GAUSHALA DAURA   Theme : Visit to learn about livestock and management      EXCITING ACTIVITIES   Manure preparation  Feed preparation  Milk extraction demonstration  Identification of breeds  Studying Housing system  Dung cake making  Tractor Ride  Bullock Cart ride        Details of the event:  Date : 7th April 2022  Time : 1 PM  Place: Gaushala    Registration fee: Rs 30/- only  Guarenteed Refreshments for All Register NOW: https://forms.gle/ KcdigwZJfzXyFHv98           Payment mode  Paytm-8084078409 UPI handle- 8084078409@paytm      For queries contact :   Baishali- 72781 73687  Devashish - 80840 78409 ๐ป๐‘’๐‘ฆ , ๐‘Ž๐‘Ÿ๐‘’ ๐‘ฆ๐‘œ๐‘ข ๐‘ ๐‘ก๐‘–๐‘™๐‘™ ๐‘—๐‘ข๐‘”๐‘”๐‘™๐‘–๐‘›๐‘”  ๐‘ค๐‘–๐‘กโ„Ž ๐‘ฆ๐‘œ๐‘ข๐‘Ÿ ๐‘‘๐‘Ž๐‘–๐‘™๐‘ฆ ๐‘“๐‘–๐‘ฅ๐‘’๐‘‘ ๐‘Ÿ๐‘œ
Read more

Water crisis

  Water Crisis and Future Strategies   Importance of water : It is estimated that nearly one million peoples die due to unavailability of drinking water. By 2050, more than half of the world’s population will live in water-stressed areas. Water is driving source of life. World Economic Form has categories water scarcity on top of global issues. No metabolism activity is possible without water in living organisms. One of the leading crises a human is going to face is freshwater scarcity. A person who holds things in abundance forgets their importance. Freshwater is one of the blessings which is diminishing, and no one is caring.   Management Strategies : Filtration plants would be at doorstep. Municipal Water supply must be efficient and functional. To save water in flood irrigation drip, sprinkler, central pivot, and hose reel irrigation would be encouraged. The lining of canals, and water courses to stop seepage loss of water be subsidized. Tree plantation campaign should be
Read more