PMFBY Crop Insurance Schemes to Roll Out in Jammu & Kashmir

Dr. Arun Kumar Mehta, the chief secretary, called a meeting of the State Level Coordination Committee on Crop Insurance (SLCCCI) to discuss the execution of Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather Based Crop Insurance Scheme (RWBCIS) in Jammu and Kashmir.

The Chief Secretary gave the meeting of the SLCCCI the go-ahead to implement the PMFBY and RWBCIS crop insurance schemes in the UT of JK.

The committee also authorized the operating procedures to be used for the J&K to successfully implement these Schemes.

The Paddy, Maize, Oilseed, Wheat, Apple, Saffron, Mango, and Litchi crops will all be covered under the Scheme.

Dr. Mehta underlined the importance of giving farmers insurance protection against crop loss due to a variety of weather calamities.

Additional Chief Secretary Agriculture Production Department, Atal Dulloo; Additional Chief Secretary Finance Department, Vivek Bhardwaj; Financial Commissioner Revenue, Shaleen Kabra; Secretary Cooperatives, Yasha Mudgal; Secretary Planning Development and Monitoring, Director Agriculture Kashmir/ Jammu, Director Horticulture Kashmir, representatives of J&K Bank and other interested parties attended the meeting in person and via video conference.

About PMFBY

Farmer yields are insured by the Pradhan Mantri fasal bima yojana (PMFBY), which Prime Minister Narendra Modi introduced on February 18, 2016.

It was created in accordance with the One Nation-One Scheme philosophy and was intended to replace the two previous programmes, the National Agricultural Insurance Scheme (NAIS) and the Modified National Agricultural Insurance Scheme (MNAIS), by combining their finest elements and eliminating their flaws. It aims to lessen the financial burden of premiums on farmers and assure prompt payment of crop insurance claims for the entire amount insured.