No special qualification has been demanded for the Prime Minister’s Crop Insurance Scheme. Any farmer, who is doing agricultural work, can apply for this.
The Pradhan Mantri Crop Insurance Scheme is a scheme by the Center and the State Government to insure farmers for their crops. Under which the farmers are insured, the premium rate in this scheme has been reduced very much, so that the farmers will get full benefit, under the Prime Minister Crop Insurance Scheme, the premium will be lower but more losses will be covered.
The state and the central government raise the budget to be included in the scheme. The budget of the scheme was fixed at 17600 crores. The insurance under the scheme will be under the Agriculture Insurance Company, in 2017-18, 50% of the country’s agriculture was given its benefit under this scheme. For this additional Rs 9000 crore was given to this scheme.
Plan features
It is an agricultural scheme. Farmers have to pay 5%, 2% or 5% of their actual premium, depending on the crop. There is no special limit on subsidies as before. There is no limit on the subsidy of this newly designed scheme, so farmers will be able to openly cultivate and expand their business.
The scheme is also able to connect the farmer to new farming techniques, as well as the scheme has been fully digitalized so that all kinds of transactions can be done for the farmers at the earliest and farmers can get the profits without any The government is trying to bring harvester machine etc. among the farmers to make agriculture more advanced to get their bank account of middlemen.
Farmers do not have to pay service tax in any way on the benefits received under this scheme.
Ability to get crop insurance scheme
No special qualification has been demanded for the Prime Minister’s Crop Insurance Scheme. Any farmer, who is doing agricultural work, can apply for this. The most important thing about this scheme is that farmers who cultivate land on the other side can also get their crops insured under this scheme.
How to apply for Prime Minister Crop Insurance Scheme online
- To avail this scheme, one has to apply by going to this http://pmfby.gov.in/ link. After going to the link, the page which will open, in that page you will first see “Farmer’s Corner – Apply for Crop Insurance by yourself”. Which will have to be clicked.
- After clicking, you will be asked to create an account, for which you will have to click on “Guest Farmer”. After clicking, http://pmfby.gov.in/farmerRegistrationForm this link will open and information such as name, address and bank account details will be filled up by you on this link. After filling all these details the registration process will end.
- After the registration process is over, you can be logged in by going to http://pmfby.gov.in/ by filling in your registration phone number.
How to claim a policy Amount
- Under this scheme, farmers can get their insurance money either from the bank or from the insurance company that the government has selected for this scheme.
- If the insurance cover is obtained from the bank, the bank itself will deposit the money in a separate account for different farmers. Once the money is deposited in the bank account, the beneficiaries name and their details will be edited by the bank.
- On receiving the benefits under any insurance policy companies, these insurance companies transfer the amount of insurance to the bank account of the farmer online.
