Page-2 of PMFBY

Union Cabinet approves Revamping of PM Fasal Bima Yojana and RWBCIS schemes to address challenges

On February 19, 2020, the Union Cabinet approved revamping of challenges in insurance schemes such as Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS). Highlights The following changes are to be undertaken in the ..

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Providing Better linkages and Reducing risks for the farmer

As the government committed itself to double the farmer’s income by 2022, the concept of farmers income has taken the centre stage in policymaking. This marks a departure from the age-old tradition wherein farm output was at the centre stage. ..

Jal Hi Jeevan Scheme of Haryana

The government of Haryana has launched the scheme Jal Hi Jeevan to replace the paddy crop with that of Maize and other crops to aid in water conservation through crop diversification. The scheme aims to address the depleting water table ..

Claims under PMFBY Surge

There has been a surge in the number of claims under the Pradhan Mantri Fasal Bima Yojana (PMFBY) in fiscal 2018-19. India has become the third largest crop insurance market in the world, after the US and China. The claim ..

Addressing the delays in settlements of claims under PMFBY

The operational guidelines of the Pradhan Mantri Fasal Bima Yojana (PMFBY) prescribe the timeline of two months of completion of Crop Cutting Experiments/harvesting period for settlement of claims by insurance companies. This timeline is subjected to conditions like timely release of ..

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