• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Manifest Learning Academy
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Agriculture

PM Fasal Bima Yojana

July 17, 2020
in Agriculture
Reading Time: 2 mins read
0
550
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
image_pdfMake PDF

It is to provide comprehensive insurance coverage against crop loss—> pre-harvest + post-harvest + in case farmer didn’t sow seed because of contingency
It is compulsory for farmers availing crop loans for notified crops in notified areas and voluntary for non- loanee farmers.
Premium rate – There is no capping premium and one premium rate on a pan-India basis. It is 1.5%, 2% and 5% for all Rabi, Kharif and annual horticultural/commercial crops, respectively.
There is no upper limit on the government subsidy i.e. the difference between premium and insurance charges paid by the farmer.
E.g: if insurance companies charge a premium of 40% then farmers were supposed to pay 2% (fixed for kharif crop) and the rest 38% premium is shared by Centre and State equally means centre will pay 19% and State also 19%. And if in case the premium charged by the insurance company is more, then the farmer’s burden always remains fixed at 2% and Centre and States equally share the burden.
Recently, the central government announced that it will comply with the above formula only if the premium is max 30% which means that if an insurance company charges 30% premium then Farmers will pay 2% and Centre will pay 14% and States 14%.
But if a company charges 40% then also centre will pay only 14% (which is the premium burden of Centre in case of premium charged by company is 30% as in above case) and States will have to incur the burden and Farmers burden will not increase.
Losses covered – Non-Preventable risk such as Natural Fire, Storm, Hailstorm, Cyclone and Inundation has also been included as a localized calamity. Post-Harvest losses also covered.
A cluster approach will be adopted under which a group of districts with variable risk profile will be allotted to an insurance company
Use of Remote Sensing Technology, Smart phones & Drones for quick estimation of crop losses to ensure early settlement of claims.

 

image_pdfMake PDF
Tags: Prelims

Related Posts

SATHI (Seed Traceability, Authentication and Holistic Inventory) Portal

SATHI (Seed Traceability, Authentication and Holistic Inventory) Portal

April 22, 2023
Tea Mosquito Bug

Tea Mosquito Bug

April 21, 2023
Government launches Animal Pandemic Preparedness Initiative(APPI) and World Bank-funded AHSSOH

Government launches Animal Pandemic Preparedness Initiative(APPI) and World Bank-funded AHSSOH

April 18, 2023
Global Genome Initiative for Gardens Award

Global Genome Initiative for Gardens Award

April 18, 2023
Mircha’ rice gets GI tag

Mircha’ rice gets GI tag

April 17, 2023
The status of women in agrifood systems  report by FAO

The status of women in agrifood systems report by FAO

April 17, 2023
Protection of Plant Varieties and Farmers’ Rights Authority

Protection of Plant Varieties and Farmers’ Rights Authority

April 14, 2023
Bhu-Aadhaar

Bhu-Aadhaar

April 14, 2023
GI tag to Cumbum grapes of Tamil Nadu

GI tag to Cumbum grapes of Tamil Nadu

April 13, 2023
GI tag for Nagri Dubraj rice

GI tag for Nagri Dubraj rice

April 5, 2023
Please login to join discussion

Our Offline Classroom Student

CONGRATULATIONS TO 2021 TOPPERS !!!

Rank 171 Kumar Shivashish
Rank 250 Sahithya
Rank 263 Sumit Kumar Thakur
Rank 311 Deepak Ramachandra Shet
Rank 455 Ravinandan B M

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tags

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News Newspaper News Paper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tag

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News Newspaper News Paper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In