Government has allocated
16 thousand crore rupees for Pradhan Mantri Fasal Bima Yojana for
2021-22 to boost the safety of farmers' crops. Agriculture and Farmers
Welfare Ministry said, this will ensure maximum benefit of crop
insurance reaches to farmers. The Ministry said, this is a budgetary
increase of around 305 crore rupees as against the previous fiscal year
2020-21, which reiterates the government's commitment towards growth of
agriculture sector in the country.
The scheme extends coverage for the
entire cropping cycle from pre-sowing to post-harvest including coverage
for losses arising out of prevented sowing and mid-season adversities.
Government had approved this flagship crop insurance scheme, five years
ago, on 13th January 2016. The scheme was conceived as a milestone
initiative to provide a comprehensive risk solution at the lowest
uniform premium across the country for farmers. The Ministry said,
today, Pradhan Mantri Fasal Bima Yojana is globally the largest crop
insurance scheme in terms of farmer participation and 3rd largest in
terms of premium. Over five crore 50 lakh farmer applications are
received on year-on-year basis.
The Ministry said, over the past five
years, government has worked extensively towards revamping the scheme by
relooking at the structural, logistical and other challenges. The
scheme has made it easier for the farmers to report crop loss within 72
hours of occurrence of any event through the Crop Insurance App or the
nearest agriculture officer. Claim benefit is then provided
electronically into the bank accounts of eligible farmer.
The Ministry said, out of total farmers
enrolled under the scheme, 84 per cent are small and marginal farmers.
The government's aim is to resolve structural, logistical, and other
challenges, and expand the benefit of Pradhan Mantri Fasal Bima Yojana
to all farmers for a Aatma Nirbhar Bharat.
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(With input from news agency language)
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