10 Lines on Pradhan Mantri Fasal Bima Yojana | 5 Lines on Pradhan Mantri Fasal Bima Yojana | Few Important Lines on Pradhan Mantri Fasal Bima Yojana in English

10 Lines on Pradhan Mantri Fasal Bima Yojana | 5 Lines on Pradhan Mantri Fasal Bima Yojana | Few Important Lines on Pradhan Mantri Fasal Bima Yojana in English

 

10 Lines on Pradhan Mantri Fasal Bima Yojana/ 5 Lines on Pradhan Mantri Fasal Bima Yojana/ Few Important Lines on Pradhan Mantri Fasal Bima Yojana in English: Students in various classes are looking for 10 Lines on Pradhan Mantri Fasal Bima Yojana in english. Here in this article we will provide 10 Lines on Pradhan Mantri Fasal Bima Yojana, 5 Lines on Pradhan Mantri Fasal Bima Yojana and Few Important Lines on Pradhan Mantri Fasal Bima Yojana in English. These 10 Lines on Pradhan Mantri Fasal Bima Yojana are important If you have been given an assignment from school to write 10 lines on Pradhan Mantri Fasal Bima Yojana in English or 5 lines on Pradhan Mantri Fasal Bima Yojana in English then you can refer to the points given in the below article.

10 Lines on Pradhan Mantri Fasal Bima Yojana Details

We are providing below 10 Lines on Pradhan Mantri Fasal Bima Yojana in English. These 10 Lines on Pradhan Mantri Fasal Bima Yojana have been written in simple language, yet emphasis has been made to elaborate on every aspect of the Pradhan Mantri Fasal Bima Yojana.

Topic	Pradhan Mantri Fasal Bima Yojana
Material	10 Lines on Pradhan Mantri Fasal Bima Yojana /5 Lines on Pradhan Mantri Fasal Bima Yojana/Few Lines on Pradhan Mantri Fasal Bima Yojana
Language	English
For	Students of any Class 1-12
Format	Text
Provider	Teacher Text

How to Find 10 Lines on Pradhan Mantri Fasal Bima Yojana in English or 5 Lines on Pradhan Mantri Fasal Bima Yojana in English?

1. Visit our website Teacher Text.
2. Now search for the main 10 Lines articles.
3. Once on the main page search for the particular topic i.e Pradhan Mantri Fasal Bima Yojana.
4. Click on the 10 Lines on Pradhan Mantri Fasal Bima Yojana in English page to complete your assignment.

10 Lines on Pradhan Mantri Fasal Bima Yojana in English

Students of any class who are looking for 10 Lines on Pradhan Mantri Fasal Bima Yojana in english can refer to the 10 lines about Pradhan Mantri Fasal Bima Yojana in below points:

1. The Pradhan Mantri Fasal Bima Yojana was launched on 13 January 2016.
2. It is a kind of insurance scheme for the farmers for their yield.
3. There is a premium of 1.5% for Rabi and 2% for KharifFasal for the farmers.
4. The farmers will have to pay a premium rate while the government will pay the balance premium.
5. In the case of annual commercial and horticultural crops, the premium will be only 5%.
6. The subsidy under the scheme has no maximum limit.
7. The insurance scheme will be controlled by the only insurance company, the ‘Agricultural Insurance Company of India (AIC)’.
8. All farmers, including notified tenant cultivators/tenant farmers in notified areas, are eligible for coverage.
9. Overall control over the implementation of insurance companies will be done under the ‘Ministry of Agriculture and Farmers Welfare’.
10. The Government of India has also launched an insurance portal for better administration and proper collection of information and transparency.

5 Lines on Pradhan Mantri Fasal Bima Yojana in English

Students of any class who are looking for 5 Lines on Pradhan Mantri Fasal Bima Yojana in english can refer to the 10 lines about Pradhan Mantri Fasal Bima Yojana in below points:

1. Pradhan Mantri Fasal Bima Yojana is hosted by the Ministry of Agriculture and Farmers’ Welfare.
2. The scheme provides cover from the damage of the production.
3. Its objective is to provide insurance cover and financial assistance to farmers in case of loss of crops due to natural calamities, insects, and diseases.
4. The scheme encourages farmers to innovate in agriculture and adopt modern methods of farming.
5. This scheme has been implemented in every state of India in collaboration with the respective state governments.

Few Important Lines on Pradhan Mantri Fasal Bima Yojana in English

Also, these are a few important lines on Pradhan Mantri Fasal Bima Yojana in English if any students require them.

1. This scheme of the Government of India has to ensure the availability of credit in the agricultural sector.
2. For the Prime Minister Crop Insurance Scheme, forms can be taken both offline and online.
3. For the offline process, one has to visit the nearest respective bank.
4. One can also visit the official website of the scheme to apply online.
5. An Android-based "Crop Insurance App" has also been launched under this scheme.

More Details about Pradhan Mantri Fasal Bima Yojana

Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme was launched in India by Ministry of Agriculture & Farmers welfare, New Delhi from Kharif 2016 season onwards. National Insurance Company started participating in PMFBY from Rabi 2016 onwards and covered 8 States and 2 Union Territories during the past 5 seasons namely, Rabi 2016-17, Kharif & Rabi 2017 and Kharif & Rabi 2018 covering 70,27,637 farmers. Farmers share of premium is Rs. 453 crores and with subsidy from State/Central Govts RS.1909 Crores, gross Premium is Rs.2362 Crores for the 5 seasons together. Whilst the claims of Kharif 18 and Rabi 18 are under process, we have closed the first 3 seasons with a gross premium amount of Rs.1804 Crores collected from 35,22,616 farmers and claims to the tune of Rs.1703 crores were paid, by which 17,66,455 no of farmers benefited, which shows almost 50% of the farmers insured were benefitted.

Revised Operational Guidelines issued by Ministry of Agriculture & Farmers welfare, New Delhi are binding on all the stake holders which gives complete insight about the Scheme. Same can be downloaded from www.pmfby.gov.in .

There are Two Schemes under the said operational Guidelines.

1. Pradhan Mantri Fasal Bima Yojana (PMFBY) – Elaborated here under.
2. Revised Weather Based Crop Insurance Scheme (RWBCIS) – Please refer to pmfby website for details

1. Objective of the Schemes

Pradhan Mantri Fasal BimaYojana (PMFBY) aims at supporting sustainable production in agriculture sector by way of

• Providing financial support to farmers suffering crop loss/damage arising out of unforeseen events
• Stabilizing the income of farmers to ensure their continuance in farming
• Encouraging farmers to adopt innovative and modern agricultural practices
• Ensuring flow of credit to the agriculture sector which will contribute to food security, crop diversification and enhancing growth and competitiveness of agriculture sector besides protecting farmers from production risks.

FAQs Regarding 10 Lines on Pradhan Mantri Fasal Bima Yojana in English | 5 Lines on Pradhan Mantri Fasal Bima Yojana in English

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