The Indian government has reaffirmed its commitment to supporting farmers by updating the Fasal Bima Yojana (Crop Insurance Scheme) for 2025. Originally launched in 2016, this scheme provides crucial financial protection to farmers against crop losses due to natural disasters.
Recent Updates
- Continued Support: The Union Cabinet has announced the continuation of the Pradhan Mantri Fasal Bima Yojana (PMFBY) for 2025.
- Increased Budget: A significant budget of INR 69,515.71 crore has been allocated to the scheme, demonstrating the government’s dedication to safeguarding farmers’ livelihoods.
- Coverage: The scheme covers a wide range of crops, including food crops, oilseeds, and commercial/horticultural crops, protecting farmers from losses caused by droughts, floods, cyclones, hailstorms, and other natural calamities.
Objectives
The primary objectives of the Fasal Bima Yojana are:
- Financial Security: To provide financial support to farmers in case of crop losses, ensuring their livelihood and economic stability.
- Encourage Modern Farming: To promote the adoption of modern agricultural practices and technologies by mitigating the financial risks associated with natural disasters.
- Reduce Debt Burden: To prevent farmers from falling into debt traps due to crop losses, contributing to their overall well-being.
Eligibility Criteria
To be eligible for the Fasal Bima Yojana, farmers must:
- Be permanent residents of India.
- Cultivate crops covered under the scheme.
- Have suffered crop damage due to non-preventable natural calamities.
Benefits
- Affordable Crop Insurance: Farmers can access crop insurance at subsidized premiums, making it financially accessible.
- Minimized Losses: The scheme compensates farmers for crop losses, reducing their financial burden and enabling them to recover from natural disasters.
- Encourages Innovation: By mitigating financial risks, the scheme encourages farmers to invest in modern farming techniques and technologies.
Required Documents
Farmers need to provide the following documents when applying for the scheme:
- Aadhaar Card
- PAN Card (if applicable)
- Ration Card (if applicable)
- Land records
Application Process
Farmers can apply for the Fasal Bima Yojana online through the official website: https://pmfby.gov.in/
Helpline Number
For any queries or assistance, farmers can contact the Fasal Bima Yojana helpline number: 14447.
The Fasal Bima Yojana is a vital safety net for Indian farmers, providing them with much-needed financial security in the face of unpredictable natural calamities. By continuing and strengthening this scheme, the government is demonstrating its commitment to supporting the agricultural sector and ensuring the well-being of farmers across the country.