The PMFBY’s operational guidelines require state governments to carry out at least four CCEs in every village panchayat for every notified crop and submit the yield data to insurance companies within a month from the date of harvest.
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.
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.