PMFBY Claim Form HDFC ERGO PDF
PMFBY Claim Form HDFC ERGO PDF Download for free using the direct download link given at the bottom of this article.
Pradhan Mantri Fasal Bima Yojana (PMFBY) aims at supporting sustainable production in the agriculture sector by way of –
a) Providing financial support to farmers suffering crop loss/damage arising out of unforeseen events
b) Stabilizing the income of farmers to ensure their continuance in farming
c) Encouraging farmers to adopt innovative and modern agricultural practices
d) Ensuring the flow of credit to the agriculture sector; which will contribute to food security, crop diversification, and enhancing growth and competitiveness of the agriculture sector besides protecting farmers from production risks.
- Compulsory Component
All farmers availing Seasonal Agricultural Operations (SAO) loans from Financial Institutions (i.e. loanee farmers) for the notified crop(s) would be covered compulsorily.
- Voluntary Component
The Scheme would be optional for the non-loanee farmers. Only those farmers who have paid the premium / the premium has been debited from their account before the damage Damaged by specified perils, up to 14 days after the harvesting is done.
Coverage of Risks and Exclusions:
The following stages of the crop and risks leading to crop loss are covered under the scheme.
- Prevented Sowing/ Planting Risk:
The insured area is prevented from sowing/ planting due to deficit rainfall or adverse seasonal conditions
- Standing Crop (Sowing to Harvesting):
Comprehensive risk insurance is provided to cover yield losses due to non- preventable risks, viz. Drought, Dry spells, Flood, Inundation, Pests and Diseases, Landslides, Natural Fire and Lightening, Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane, and Tornado.
- Post-Harvest Losses:
coverage is available only up to a maximum period of two weeks from harvesting for those crops which are allowed to dry in cut and spread condition in the field after harvesting against specific perils of the cyclone and cyclonic rains and unseasonal rains.
- Localized Calamities:
Loss/ damage resulting from the occurrence of identified localized risks of hailstorm, landslide, and Inundation affecting isolated farms in the notified area.
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