Agri Ministry launches Crop Insurance Awareness Campaign

July 2, 2021

Agriculture and Farmers Welfare Minister, Narendra Singh Tomar, has launched the Crop Insurance Awareness Campaign for Fasal Bima Yojana. It was launched during Crop Insurance Week.

Highlights

Fasal Bima Yojana was launched with the aim of providing security cover to each farmer.
Minister also announced that, this scheme has achieved milestone of 95 thousand crore of claims paid to farmers.
According to minister, state governments and insurance companies played an important role in implementing this Scheme.
In last four years, premium of 17 thousand crore rupees was deposited by farmers, against which about 95 thousand crore rupees have been provided as claims.
On the occasion, he also flagged off IEC vans. These vans would continue to engage farmers on Pradhan Mantri Fasal Bima Yojana throughout crop insurance week.

Aim of the campaign

This campaign aims to bring stories of beneficiary farmers through videos and photo stories on social media. Stories of those farmers would be shared who have not only benefited from this scheme but helped entire farming community through their thought-leadership.

Pradhan Mantri Fasal Bima Yojana (PMFBY)

PMFBY was launched on February, 18 2016 by Prime Minister Narendra Modi. it is an insurance service for farmers for their yields. This scheme was formulated in line with One Nation–One Scheme theme. It replaced two schemes namely, National Agricultural Insurance Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS). PMFBY aims for reducing premium burden on farmers and ensuring early settlement of crop assurance claim for full insured sum. This scheme also aims to provide an insurance cover against failure of crop. This scheme thus helps in stabilising income of farmers.