The new Crop Insurance Scheme is in line with One Nation – One Scheme theme.  It incorporates the best features of all previous schemes and at the same time, all previous shortcomings / weaknesses have been removed. The PMFBY will replace the existing two schemes National Agricultural Insurance Scheme as well as the Modified NAIS. In this post, Krishi Jagran will try to answer all of the questions which needs to be addressed.

 

How does the insurance help ?

=> Safeguard yourself financially against natural risks like natural disasters/ calamities, insect, pests & diseases and adverse weather conditions.

=> Take benefit of appropriate crop insurance scheme applicable in your area.

=> Four insurance schemes are being implemented namely,
      1) Pradhan Mantri Fasal Bima Yojana (PMFBY)
      2) Weather Based Crop Insurance Scheme (WBClS)
      3) Coconut Palm Insurance Scheme (CPIS) and
      4) Pilot Unified Package Insurance Scheme (UPIS) (45 districts).

=> Coverage under PMFBYIWBCIS/CPIS/U PIS is compuIsory, if you avail crop loan for notified crops.

=> Coverage is voluntary for non-loanee farmers.

=> Contact District Agriculture officers of State Govt./ nearest branch of bank/ PACS or crop insurance company operating in your area for availing the benefits under the Crop Insurance Scheme.

 

What Can You Get?


1) Prashan Mantri Fasal Bima Yojana ( PMFBY)

Assistance :

= Insurance protection for food crops, oilseeds and annual horticultural! Sima Yojana (PMFBY) commercial crops notified by state government

= Uniform maximum premium for all farmers:
   i) Kharif season - 2% of sum insured
   ii) Rabi Season 1.5\'10 of sum insured
   iii) Annual commercial/horticultural crops - 5% of sum insured I

=  The difference between actual premium and the rate of Insurance I payable by farmers shall be shared equally by the Centre and State

= Claims of full Sum Insured (SI), without capping or reduction in SI

= If the sowing is not done due to adverse weather/climate, claims upto 25% of sum insured will be paid for prevented SOWing/planting risk

= When the crop yield is less than the guaranteed yield of notified croPs'1 the claim payment equal to shortfall in yield is payable to all insured farmers

= On account advance payment, up to 25% of likely claims will be paid as immediate relief

= Losses caused by inundation, hailstorm and landslide would be assessed at individual farm level

= Post harvest losses assessment for damage to crops in cut and spread in the field up to 14 days on account of cyclonic rain and unseasonal rain in the entire country

= Use of Remote Sensing Technology and drones to supplement Crop

= Cutting Experiments for faster settlement of claims

= Implementing agency will be selected by the State Government through bid.

 

Weather Based Crop Insurance Scheme (WBCIS)

= Insurance protection for notified food crops, oilseeds and annual horticultural/commercial crops

= Uniform maximum premium for all farmers like PMFBY :

  1. a) Kharif season - 2% of sum insured
  2. b) Rabi Season 1.5% of sum insured
  3. c) Commercial/horticultural crops 5% of sum insured

= The difference between actual premium and the rate of Insurance payable by farmers shall be shared equally by the Centre and State

= When the weather indices (rainfall/ temperature/relative humidity/wind speed etc.) is different (less or higher) from the Guaranteed Weather Index of notified crops, the claim paymenl equal to deviation/shortfall is payable to all insured farmers of notified area

= Provision for assessment of losses caused by hailstorm and cloudburst at individual farm level

= Implementing agency will be selected by the State Government  through bid.

 

Coconut Palm Insurance Scheme (CPIS)

 = Insurance protection for Coconut Palm growers

 = Premium rate per palm ranges from Rs. 9.00 (in the plant age group of 4 to 15 years) to Rs. 14.00 (in the plant age group of 16-60 years)

 = 50-75% subsidy of premium is provided to all types of farmers

 = When the palm damaged. the claim payment equal to input cost loss damage is payable to the insured in notified areas

 Unified Package Insurance Scheme (UPIS) as pilot in 45 districts.

 = To provide financial protection & comprehensive risk coverage of crops. assets, life. and student safety to farmers

 = Pilot will include seven section Viz., crop Insurance (PMFBY/WBClS), Loss of Life (PMJJBY), Accidental Death & Disability (PMSBY). Student Safety, Household, Agriculture implements & Tractor.

 = Crop Insurance will be compulsory. However, farmers can choose at least two section from remaining.

 = Farmers may be able to get all requisite insurance products for farmers through one simple proposal/ application Form and through single window.

 = Two flagship schemes ofthe Government viz PMSBY &PMJJBY have been included apart from insurance of assets.

 = Pilot scheme will be implemented through single window.

 = Processing ofclaims (other than Crop Insurance) on the basis of individual claim report.

 WHOM TO CONTACT :

 Nearest branches of Bank! PACS/Cooperative Banks! Empanelled General Insurance Companies notified for the area and District Agriculture Officer!Block Development Officer may be contacted or visit web portal www.agri-insurance.gov.in.

  

Calendar of activity

Activity

Kharif

Rabi

Loaning period (loan sanctioned) for Loanee farmers covered on Compulsory basis.

April to July

October to December

Cut-off date for receipt of Proposals of farmers (loanee & non-loanee).

31 July

31st December

Cut-off date for receipt of yield data

Within a month from final harvest

Within a month from final harvest

Sources : Ministry of agriculture and farmer welfare , vikaspedia , agri-insurance 

 



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