PMFBY Revised Operational Guidelines PDF

PDF Name	PMFBY Revised Operational Guidelines
No. of Pages	99
PDF Size	1.18 MB
Language	English
Tags	Sarkari Yojana
PDF Category	Government
Source / Credits	pmfby.gov.in
Uploaded By	Pradeep

PMFBY Revised Operational Guidelines - Summary

The Objective of the PMFBY Scheme

The Pradhan Mantri Fasal Bima Yojana (PMFBY) aims to support farmers and ensure sustainable farming practices in the agriculture sector. This scheme achieves its goals by:

Providing financial assistance to farmers who experience crop loss or damage due to unforeseen events.
Stabilizing farmers’ incomes, which helps them continue their farming activities.
Encouraging the adoption of modern and innovative agricultural methods.
Ensuring that funds flow into the agriculture sector, benefiting food security, crop diversification, and enhancing overall growth while protecting farmers from production risks.

Eligibility of Farmers for PMFBY

All farmers, including sharecroppers and tenant farmers who cultivate notified crops in designated areas, can benefit from the PMFBY scheme. To qualify, farmers must have an insurable interest in the crops being insured. Non-loanee farmers need to present necessary land records valid in their state, like Records of Right (RoR) or Land Possession Certificates (LPC). Moreover, sharecroppers and tenant farmers might require to show contract or agreement details recognized by the State Government.

Mandatory Coverage Requirements

All farmers who have received Seasonal Agricultural Operations (SAO) loans from Financial Institutions (FIs) for the notified crop season must have coverage. This rule is mandatory and takes priority over any decisions made by FIs exempting farmers from compulsory coverage.
Non-standard KCC / crop loans, as outlined by the practices of related Banks or Government regulators, are not mandatorily covered. Nevertheless, bank branches can assist these farmers in registering under the scheme as non-loanee farmers.
If a crop loan is secured against other collateral like fixed deposits, gold loans, or mortgage loans without the farmer having an insurable interest in the land or notified crops, the coverage will not apply.

Crops Covered Under PMFBY

The crops that are covered under the PMFBY scheme include:

Food crops (such as Cereals, Millets, and Pulses)
Oilseeds
Annual Commercial and Annual Horticultural crops
Perennial crops are also eligible, with pilot coverage available for specific perennial horticultural crops using standard yield estimation methodologies.

You can easily download the PMFBY Revised Operational Guidelines in PDF format using the link below. This PDF will provide you with complete information about the scheme and its benefits for farmers. Don’t miss the chance to get this important document for your reference! 📥

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