5 Commonly Asked Questions on the Pradhan Mantri Fasal Bima Yojana

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 5 Commonly Asked Questions on the Pradhan
Mantri Fasal Bima Yojana
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Launched in 2016 with an intention to cover the
total sown area of the country, the Pradhan
Mantri Fasal Bima Yojana (PMFBY) is a crop
insurance scheme for all types of farmers. The
motto with which this scheme was launched is One
Nation, One Crop, One Premium. A crop insurance
scheme that provides extensive coverage to
farmers on several fronts was highly needed, and
the PMFBY has filled that need adequately. Even
so, the awareness regarding this useful scheme is
quite less.  To help in this regard, we take a
look at the top 5 FAQs on the Pradhan Mantri
Fasal Bima Yojana and answer them for your
benefit. 
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1. What are the objectives of the PMFBY?   The
primary aim of this crop insurance scheme is to
offer financial support to farmers when their
crops suffer damages and losses. Thus, it wants
to make crop insurance accessible to all farmers
at an economical price. The scheme also has an
objective to ensure that farmers incomes do not
get hit adversely as a result of crop damage,
thus making sure that farmers are empowered to
continue farming.  Farmers would also be
encouraged to adopt new and advanced agricultural
methods. This would also lead to positive
competitiveness in the farming sector and secure
a steady flow of credit as well. 
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2. What kind of risks are covered under the
Pradhan Mantri Fasal Bima Yojana?    The PMFBY
crop insurance scheme covers the farmer against
these risks-   Yield Losses or Mid-season
adversities - This coverage includes losses to
the crop yield against adverse weather conditions
like floods, typhoons, cyclones, dry spells,
drought, and so on during midseason.    Prevented
sowing / Planting risk - The farmer may be
prevented from sowing crops due to hostile
weather conditions. In such scenarios, they can
get financial aid from their insurer.    Localized
calamities - This includes protection from local
natural disasters such as landslides, cloud
burst, inundation, hailstorm, and so
on.    Losses occurring post-harvest - When the
insured crops suffer damages while they are being
kept to dry in cut and spread condition in the
fields, the insurer is liable to pay for the
losses as mentioned in the crop insurance
policy.   
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3. Who is eligible for the Pradhan Mantri Fasal
Bima Yojana?   The PMFBY crop insurance scheme is
available for all farmers who have insurable
interest for their notified/insured crops.
Tenants as well as sharecroppers can avail this
scheme. Earlier, only loanee farmers would be
included under crop insurance policies. However,
the Pradhan Mantri Fasal Bima Yojana is open for
non-loanee farmers as well. To avail the
coverage, they must submit relevant documents
regarding their land ownerships and related
agreements and contracts.    4. What crops are
covered under the PMFBY scheme?   The PMFBY
scheme covers food crops such as cereals,
millets, and pulses. Oilseeds, annual
horticultural crops, and annual commercial crops
are also covered. 
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5. What are the exclusions of the Pradhan Mantri
Fasal Bima Yojana?   The PMFBY crop insurance
scheme excludes any losses caused to crops due to
war and similar situations, malicious damages,
and other risks that are preventable.     Hopefull
y, this article will increase awareness regarding
the Pradhan Mantri Fasal Bima Yojana in
India.        
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