1. Agriculture World

PMFBY Latest Update: Farmers can register for Pradhan Mantri Fasal Bima Yojana till July 31

Sangeeta Soni
Sangeeta Soni
PMFBY Latest Update
PMFBY Latest Update

Under Pradhan Mantri Fasal Bima Yojana in Haryana, in this Kharif season, Paddy, Millet and Cotton crops can be insured. In addition, wheat, barley, gram, mustard, and sunflower crops in Rabi season. The last date for crop insurance under this scheme is 31 July. It must be noted that this scheme is voluntary for all farmers.  

If the indebted farmers do not want to join this scheme, they can withdraw their name from this scheme by July 24. Withdrawal application can be submitted in banks. 

If the indebted farmers do not withdraw their name from the scheme then the banks will be authorised to insure their crops.  

Agriculture Minister’s Statement 

Agriculture Minister JP Dalal said that Haryana is one of the few states in the country whose claim to premium ratio is more than 100%. Under Pradhan Mantri Fasal Beema Yojana, the Kharif season 2016 to the Kharif season 2020, 67 lakh 82 thousand 971 farmers had insured their crops, out of which 18 lakh 15 thousand 205 farmers were given Rs. 3960.81 crore as claims.  

Minister also informed that project officers and surveyors have been appointed by the government at the district level to run this scheme smoothly. Insurance companies have also appointed their employees at the district and block levels to assist the farmers. Grievance Redressal Committees have been set up at the state and district levels to deal with the grievances of the farmers.  

Premium and Compensation on Crop 

Crop 

Premium (per Acre) 

Sum Insured (per Acre) 

Grain 

713.99 Rupees 

35699.78 Rupees 

Maize 

356.99 Rupees 

17849.89 Rupees 

Millet 

335.99 Rupees 

16799.33 Rupees 

Cotton 

1732.50 Rupees 

34650.02 Rupees 

Wheat 

409.50 Rupees 

27300.12 Rupees 

Barley 

267.75 Rupees 

17849.89 Rupees 

Gram 

204.75 Rupees 

13650.06 Rupees 

Mustard 

275.75 Rupees 

18375.1 Rupees 

Sunflower 

267.75 Rupees 

17849.879 Rupees 

 

For the latest updates, keep visiting. And follow us on Facebook, Instagram, and Twitter.

Keep Visiting & Stay Connected…!!

Stay Home & Stay Safe…!!

Like this article?

Hey! I am Sangeeta Soni. Did you liked this article and have suggestions to improve this article? Mail me your suggestions and feedback.

Share your comments

Subscribe to our Newsletter. You choose the topics of your interest and we'll send you handpicked news and latest updates based on your choice.

Subscribe Newsletters