PMFBY Claim Form HDFC ERGO PDF

PDF Name	PMFBY Claim Form HDFC ERGO
No. of Pages	1
PDF Size	0.57 MB
Language	English
Tags	Application Form, Sarkari Yojana
PDF Category	Government
Source / Credits	hdfcergo.com
Uploaded By	Pradeep

PMFBY Claim Form HDFC ERGO - Summary

Pradhan Mantri Fasal Bima Yojana (PMFBY) Claim Form HDFC ERGO is crucial for farmers seeking financial aid due to unexpected crop losses. Launched to support the agricultural community, this scheme is vital for stabilizing farmers’ incomes, promoting modern farming techniques, and ensuring steady credit flow in the agriculture sector. By participating in PMFBY, farmers can protect themselves from financial risks associated with crop production, thereby enhancing food security and contributing to agricultural growth.

Eligibility Criteria for PMFBY

Compulsory Component:
All farmers who take Seasonal Agricultural Operations (SAO) loans from Financial Institutions (i.e., loanee farmers) must participate in this scheme.
Voluntary Component:
For farmers who do not take loans, participation in the scheme is optional. However, they must pay the premium or have it deducted from their accounts before any damage occurs, up to 14 days after harvesting the specified crops.

Coverage of Risks and Exclusions

The PMFBY offers excellent coverage for risks causing crop loss, including:

Prevented Sowing/Planting Risk:
This covers cases where sowing or planting is not possible due to inadequate rainfall or unfavorable seasonal conditions.
Standing Crop (Sowing to Harvesting):
Full insurance is provided for yield losses resulting from unavoidable risks like drought, pests, diseases, and severe weather events such as storms and floods.
Post-Harvest Losses:
Coverage is available for up to two weeks following harvesting for certain crops that are left to dry in the field, protecting against risks like cyclones and unseasonal rainfall.
Localized Calamities:
Losses from localized risks like hailstorms, landslides, and inundation affecting specific farms in the notified area are also included.

You can easily download the PMFBY Claim Form HDFC ERGO in PDF format from the link provided below. This simplification allows for a smoother claims process, ensuring you quickly receive the support you need. Don’t miss the chance to download your form today! 📄

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