Prime Minister Narendra Modi had unveiled the crop insurance scheme against loss on account of natural calamities, in January 2016. As per the scheme, the farmers have to pay 2 per cent of the premium for Kharif crops, while 1.5 per cent for Rabi crops, while balance is paid by the state and Centre.
January 31, 2019 has been fixed as the deadline for settlement of claims from Kharif in 2017, said the official who was participating in a seminar on ‘Sustainable agriculture insurance’ organised by GIC Re.
The PMFBY scheme is compulsory for all the farmers including share croppers, tenant farmers growing notified crops in notified areas and availing seasonal agriculture operations loans from banks or financial institutions.
"I would like to impress upon you to kindly issue suitable directives for extension of the cut-off date for registration of farmers till 16th August, 2017 so as to safeguard the interest of the farmers of the state of Odisha," Chief Minister Naveen Patnaik wrote.
Sehore (MP), Feb 18 (ANI): Prime Minister Narendra Modi, along with External Affairs Minister Sushma Swaraj, reached Sehore, Madhya Pradesh, on Thursday. PM Modi will unveil 'Pradhan Mantri Fasal Bima Yojana'scheme at Kisan Kalyan Mela. He will also release the guidelines for this scheme. On the occasion, Madhya Pradesh Chief Minister Shivraj Singh Chouhan was also present.