Pradhan Mantri Fasal Bima Yojana Operational Guidelines - Summary
The Pradhan Mantri Fasal Bima Yojana is an essential insurance scheme designed to provide farmers with financial protection. Managed by select insurance companies, this initiative operates under the guidance and supervision of the Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW), Ministry of Agriculture & Farmers Welfare (MoA&FW), Government of India (GOI). The scheme collaborates with various financial institutions and state departments to ensure effective implementation and support for farmers.
Key Implementing Agencies
This crucial program works with a variety of financial institutions, including Commercial Banks, Co-operative Banks, and Regional Rural Banks. Additionally, multiple government departments—such as Agriculture, Co-operation, Horticulture, Statistics, Revenue, Information/Science & Technology, and Panchayati Raj—play important roles within this multi-agency framework, ensuring that farmers receive the help they need.
Pradhan Mantri Fasal Bima Yojana Operational Guidelines (OBJECTIVES)
- To provide insurance coverage and financial assistance to farmers in case of crop failure due to natural disasters, pests, and diseases.
- To stabilize farmers’ incomes, helping them stay in agriculture for a sustainable future.
- To encourage farmers to adopt innovative and modern agricultural practices for better yields.
- To promote the flow of credit to the agriculture sector, ensuring timely financial support.
For detailed information on this supportive program for farmers, please download the Pradhan Mantri Fasal Bima Yojana Operational Guidelines in PDF format using the link below. This PDF will provide you with all the essential details you need to understand the benefits of this initiative.