Pradhan Mantri Fasal Bima Yojana 2022 Registration: Best Scheme for Farmers that Stabilizes the Income

Pradhan Mantri Fasal Bima Yojana is another scheme by the Central Government for the welfare of the Farmer. This scheme provides financial support to farmers suffering crop damage due to unforeseen events and disasters. PM Fasal Bima Yojana helps stabilize the farmers’ income by giving financial aid for the damage caused by natural occurrences.

PM Fasal Bima Yojana Starting

Pradhan Mantri’s fasal Bima Yojana scheme was launched by PM Narendra Modi on 18th January 2016. Under the Ministry of Agriculture & Farmers Welfare, the central Government initially implemented the scheme in the 21 states of the country during the Kharif Season of the same year (Kharif Season 2016). 

Later, the Rabi 2016-17 23 states and 2UTS are implemented under this scheme. With this scheme, around four crore farmers are insured and covered with this Yojana. Here’s more about PM Fasal Bima Yojana Registration, Benefits, and Eligibility.

Pradhan Mantri Fasal Bima Yojana 2022 

PM Fasal Bima Yojana provides an insurance policy to cover agriculture products. This comprehensive insurance policy helps protect the risk against crop damage due to natural effects. 

This scheme also helps in stabilizing the income of the farmers. Also, this scheme covers most crops and agriculture products like Foods, Oil seeds, and Annual Commercial/ Cash crops.  With the collaboration with the General insurance company, the Government needs a requisite number of crop cutting experiments (CEEs) under the General Crop Estimation Survey (GCEs). 

Before this, under the direction of the Central Government, the state government must need to go through the structure. All farmers sanctioned Seasonal Agricultural Operations Loans (SAO) from Financial Institutions are termed Loanee Farmers. These farmers are mandatory to be recovered with this plan. At the same time, the Non-loanee farmers are optional for this scheme.

Pradhan Mantri Fasal Bima Yojana Highlights 

Scheme Name PM Fasal Bima Yojana

Launched by	Central Government
Beneficiary	Farmers
Purpose	Recovering the damage to crops, Stabilize the farmers’ income to continue farming.
Benefits	Financial support for damage to crops
Website	https://pmfby.gov.in/

Features of Pradhan Mantri Fasal Bima Yojan

Here are the significant points regarding this PM Fasal Bima Scheme 2022,

• The prime Minister of India launched this scheme on 18th January 2016
• This scheme is implemented in the 23 states and 2UIs of India
• PMFBY scheme provides an insurance cover against the failure of the crops 
• This scheme helps stabilize farmers’ income by recovering the loss of crops financially.
• Around four crores of farmers are being benefited from this scheme
• With this plan, almost 50% of the farmers insured are benefited

Objectives of PM Fasal Bima Yojana

The main objective of Pradhan Mantri Fasal Bima Yojana is to support the sustainable production of agricultural products. This scheme aims to promote Farmer by ensuring financial protection against the damage or loss against failure of crops.

• To provide financial support against the damage of crops due to unforeseen events or failure of products to the farmers.
• Continuity to the Farmer for agriculture by stabilizing their income from that crops. Provide the financial cover for the damage.
• Encourage the farmers to adopt the modern and effective method to get safe from unforeseen events in the future.
• To develop the habit of insuring and getting protected financially from such events.
• To contribute to agriculture and production. To ensure the credit flow in agriculture from growth and minimize production risk.

PM Fasal Bima Yojana Benefits

Both the Loanee farmers and Non-loanee farmers will get benefited from this scheme. The Loanee farmers are covered compulsorily with this scheme. All the farmers who have been sanctioned with this scheme will get a lot of benefits with this scheme.

• This scheme provides financial coverage against the damage to crops and foods planted by farmers.
• All the farmers sanctioned with this scheme will be financial protection to give continuity to the farming.
• This scheme helps the Farmer to continue farming with a recovered financial Sum.
• PM Fasal Bima Yojana benefits farmers by adopting modern and innovative agricultural equipment.

Eligibility for PM Fasal Bima Yojana (PMFBY)

To be the beneficiary of this scheme, the public or Farmer must meet specific criteria mentioned by Government. One can apply for submission after meeting this criterion.

• Must be a citizen of the country
• The Farmer must need insured farming land to benefit from this scheme.
• This scheme only applies to farmers who haven’t taken the insurance benefits yet.

Who can Enroll this Scheme: How to Enroll the Farmer in PM Fasal Bima

Both the Loanee and Non-loanee farmers can be eligible for this scheme. To enroll, the Farmer must contact the National Crop Insurance Portal (NCIP).

In enrolling, the Bank and Financial Institutions must provide data to the NCIP regarding the Seasonal Crops Loans for the farmers.

While in terms of Non-loanee farmers and intermediaries, it must need to upload the date on the official site of NCIP, including the four different mentioned documents.

Also, the beneficiary must pay the premium to the financial institution by NEFT.

Pradhan Mantri Fasal Bima Yojana Crops Covered

This Yojana covers the risk of only the farmers’ limited crops and food plants. Here are the food crops included under this scheme,

• Food Crops
• Oil Seeds
• Annual Commercial Crops/ Cash Crops
• Perinual Horticulture Crops

PM Fasal Bima Yojana Premium Amount & Sum Assured

Depending upon the crops and their area coverage, there is a difference in the premium rate. Here’s the Amount of premium per hectare & Sum Assured per hectare,

Crops Name	Premium Per Hector	Sum Assured Per Hector
Wheat	Rs 11,000.90	Rs 67460
Barley	Rs 661.62	Rs 44108
Mustard	Rs 681.09	Rs 45405
Gram	Rs Rs 505.95	Rs 33730
Sunflower	Rs 661.62	Rs 44108

Documents Required for Application

Here are the documents you need to have to apply for this insurance,

• ID Card (Farmer ID Card)
• Adhar Card and Ration Card
• Bank Account
• Address Proof (Valid Permanent Address Proof)
• Land Paper (If it’s a lease, then you need the documentation of the land owner too)
• Farm account number / Khasra number paper
• PP Size Photo of Applicant
• Date of the day the Farmer started sowing the crop

PM Fasal Bima Yojana Registration

At first, the Farmer must register from the official site of PMFBY. For this, you need to visit the official site and fill out the form. Here’s how.

• Go to the official site of PMFBY and click on Register. It opens the new registration page for you.
• Choose the Stakeholder (Bank, Insurance Company, or any) and then category and user category. Then click on Create.
• After filling out all the information, simply click/tap on Submit. Now your account is ready here.
• After creating an account, you must log in and fill out the form. For this, simply tap on Login for Farmer.
• Just fill up the information here and recheck it. Then submit it for this. Simply tap on Submit.

This is the registration process for Pradhan Mantri Fasal Bima Yojana. After this, you need to apply for the Insurance company after getting an application form for Pradhan Mantri Fasal Bima Yojana.

How to Apply for PM Fasal Bima Yojana 2022

After getting an Application from PMFBY, you need to contact the insurance company. Visit the insurance company branch and carry out the following process.

• Fill out all the details for documentation asked by the insurance company.
• Now you have to attach all the essential documents to the application form.
• After this, you must submit this application form to the Agriculture Department.
• Now you have to pay the premium amount.
• After this, you will be given a reference number.
• You must keep this reference number handy.
• Through this number, you can check the status of your application.

Here till now, you have applied an application to the insurance company. 

Pradhanmantri Fasal Bima Yojana: Process to Sign in to the Portal

• First, you must go to the official website of Pradhan Mantri Fasal Bima Yojana. Now the home page will open in front of you.
• After that, you have to click on the Sign in button.
• Now a new page will open in front of you, where you must enter your Mobile Number, Password, and Captcha Code.
• Click on Login.
• That’s it.