PM Fasal Bima Yojana: After planting the crop, farmers must wait for a very long time. When the crop is ready, they also need money for transportation and harvesting, so they have to spend additional money on irrigation, weeding, and other tasks. Farmers in this situation must spend a significant amount of money to raise the harvest in a single season.
Farmers may also be saddled with debt if crops fail due to rain, storms, or other natural disasters that severely destroy them. The Fasal Bima Yojana was launched by the government to lessen this load. In accordance with this, the government provides farmers with financial aid. You may benefit from it if you obtain insurance through the crop insurance plan.
How soon will you benefit?
You must report any damage to your crops caused by rain, flooding, or storms within 72 hours. The agriculture department can receive this information via email, a toll-free number, the agriculture office, and other channels. The premium has been set at 2, 1.5, and 5% for the Kharif, Rabi, and commercial or horticultural crops, respectively.
which farmers gain advantages
All farmers who engage in farming will benefit from the crop insurance programme under this programme. Farmers automatically receive insurance when they take out loans from Cooperative Bank or Kisan Credit Card. Farmers who use credit cards but do not have loans from cooperative banks are also eligible for benefits under this programme.
What conditions are there for insurance?
It benefits from less rain and the fact that sowing is not done in bad weather.
On agricultural losses brought on by flooding, rain, and other natural disasters when a standing crop. If the produce held in the field or barn is harmed by a cyclone, cyclonic rain, untimely rain, or hailstorm, compensation is granted.
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