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Farmers across India now have until August 25, 2024, to get their Kharif crops insured under the Pradhan Mantri Fasal Bima Yojana (PMFBY). This scheme aims to safeguard farmers from losses due to natural disasters such as storms, floods, droughts, excessive rainfall, hailstorms, and more.
Initially, the last date for crop insurance was set for July 31, 2024, which was later extended to August 16. Now, to accommodate more farmers, the deadline has been extended further to August 25, 2024. This gives both indebted and non-indebted farmers another opportunity to secure their crops and mitigate risks associated with climate uncertainties.
Farmers can insure various crops under the PMFBY during the Kharif season. Some of the key crops include:
The premium rate for food and oilseed crops is set at 2%, while the premium for horticultural crops is 5%.
Indebted farmers can take advantage of the PMFBY by following these steps:
For non-indebted farmers (those without bank loans), the process to get crop insurance includes:
Farmers who have insured their crops under the PMFBY must report any loss due to natural disasters within 72 hours. They should document the date of the loss and the specific disaster situation. If the date of loss is incorrectly recorded, the insurance claim may be invalid. To avoid any issues, it is recommended to reach out to the local Agriculture Extension Officer for more details on the scheme.
Also Read: Free Horticultural Plants for Small Farmers: Employment Guarantee Scheme Benefits Explained
The Pradhan Mantri Fasal Bima Yojana provides farmers with critical protection against crop losses. By extending the deadline for Kharif crop insurance to August 25, 2024, the government aims to include more farmers in this beneficial scheme. Ensure you take advantage of this extended period and safeguard your crops for a secure future.
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