Pradhan Mantri Fasal Bima Yojana 2024: Get Upto Rs. 2,00,000

Farmers across the country can apply online for crop insurance under the Pradhan Mantri Fasal Bima Yojana. This scheme ensures that the government will compensate farmers for any crop damage.

If you are a farmer looking to benefit from the Pradhan Mantri Fasal Bima Yojana, read this article thoroughly. We have detailed which farmers are eligible, which crops are covered, and the necessary documents for application.

Pradhan Mantri Fasal Bima Yojana 2024: Overview

On February 18, 2016, Prime Minister Narendra Modi launched this scheme to support farmers across India. It provides financial assistance for crop damage caused by natural calamities and helps in the purchase of modern agricultural machinery.

Farmers included in this scheme can receive benefits if 50 percent or more of their crops are destroyed due to a natural disaster. The scheme offers a maximum financial assistance of up to Rs 2,00,000. Through the Prime Minister Crop Insurance Scheme, insurance coverage worth Rs 1.8 lakh crore has been extended to farmers.

So far, the Central Government has provided crop insurance coverage to 36 crore farmers under this scheme. To learn more about the Pradhan Mantri Fasal Bima Yojana and how to fully benefit from it, please read the following section carefully.

Pradhan Mantri Fasal Bima Yojana 2024: Objectives

The Government of India has launched various schemes, including the Pradhan Mantri Fasal Bima Yojana, which has specific objectives:

• To provide financial assistance to farmers whose crops are damaged by natural disasters.
• To enable farmers who join this scheme to restart farming after receiving financial aid.
• To offer farming loans under the Pradhan Mantri Fasal Bima Yojana, eliminating the need for farmers to seek loans elsewhere.
• To help every farmer become self-reliant and empowered through financial support.

Pradhan Mantri Fasal Bima Yojana 2024: Beneficiary

All farmers in India can fully benefit from the Pradhan Mantri Fasal Bima Yojana by enrolling in this program.

Pradhan Mantri Fasal Bima Yojana 2024: Eligibility Criteria

To apply for the Pradhan Mantri Fasal Bima Yojana, applicants must meet certain qualifications. The required qualifications are:

• The applicant must be an Indian citizen.
• The applicant must be a farmer.
• The scheme benefits can be availed if the farmer’s crop is damaged by 50 percent or more due to a natural disaster.
• If the applicant’s crop is left in the field after harvesting and is destroyed by a natural disaster, they are eligible for the scheme’s benefits.
• Applicants must pay a premium of 1.5 percent for Rabi crops, 2 percent for Kharif crops, and 5 percent for commercial and horticultural crops.

Pradhan Mantri Fasal Bima Yojana 2024: Important Documents

If you are an Indian farmer looking to apply for the Pradhan Mantri Fasal Bima Yojana, you will need to submit the following documents:

• Aadhar card
• Proof of address
• Income certificate
• Ration card
• Land documents
• Mobile number
• Passport size photograph
• Bank account number (must be linked to your Aadhaar number)

Pradhan Mantri Fasal Bima Yojana 2024: Online Application Process

If you want to apply online for the Pradhan Mantri Fasal Bima Yojana, follow these steps:

1. Visit the official website by entering this link: https://pmfby.gov.in/.
2. On the homepage, click on the ‘Farmer Corner’ option.
3. On the next page, select the ‘Guest Farmer’ option.
4. A registration form will appear. Fill in the farmer’s information, home address, farmer ID, and bank account details. Enter the captcha code and click on ‘Create User.’
5. Return to the login page and click on the ‘Login for Farmer’ option.
6. On the next page, enter the mobile number you used for registration, fill in the captcha code, and click on ‘Request for OTP.’
7. Enter the OTP received on your registered mobile number and click ‘Submit.’
8. Once logged in, an application form will open. Fill in all the required information, upload the necessary documents, and make the final submission.

Pradhan Mantri Fasal Bima Yojana 2024: Offline Application Process

If you want to apply offline for the Pradhan Mantri Fasal Bima Yojana, follow these steps:

1. Visit your nearest bank.
2. Collect the application form for the Pradhan Mantri Fasal Bima Yojana from the bank.
3. Fill in all the required information in the application form thoroughly.
4. Attach all the necessary documents to the application form.
5. Submit the completed application form and attached documents to the bank.
6. After submission, you will receive a receipt. Keep this receipt for future reference.

Whether you choose to apply online or offline for the Pradhan Mantri Fasal Bima Yojana, the process is straightforward and accessible.

For online applications, you can conveniently complete the registration and submission process through the official website, ensuring you have all the necessary information and documents at hand. The online method is efficient and allows you to manage the application from the comfort of your home.

For offline applications, visiting your nearest bank to collect, fill out, and submit the application form ensures personal assistance and guidance throughout the process. Keeping the receipt after submission is crucial for future reference.