Pradhan Mantri Fasal Bima Yojana Operational Guidelines - Summary
The Pradhan Mantri Fasal Bima Yojana aims to provide essential financial protection to farmers through an insurance scheme managed by selected insurance companies. This initiative operates under the overall 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 works closely with various financial institutions and state departments to ensure effective implementation.
Key Implementing Agencies
The program collaborates with diverse financial institutions, including Commercial Banks, Co-operative Banks, and Regional Rural Banks. Additionally, various government departments such as Agriculture, Co-operation, Horticulture, Statistics, Revenue, Information/Science & Technology, and Panchayati Raj play significant roles in this multi-agency framework.
Pradhan Mantri Fasal Bima Yojana Operational Guidelines (OBJECTIVES)
- To provide insurance coverage and financial support to farmers in the event of crop failure due to natural calamities, pests, and diseases.
- To stabilize farmers’ incomes, ensuring their continued presence in agriculture.
- To encourage the adoption of innovative and modern agricultural practices among farmers.
- To promote the flow of credit to the agriculture sector.
Download the Pradhan Mantri Fasal Bima Yojana Operational Guidelines in PDF format using the link given below to access all essential details on this supportive program for farmers.
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