PRADHAN MANTRI FASAL BHIMA YOJANA

The Pradhan Mantri Fasal Bima Yojana (PMFBY) covers a wide range of crops cultivated by farmers in India. The coverage includes both food crops and commercial crops. The exact list of crops covered may vary from state to state and is subject to annual revisions based on the cropping pattern and agricultural practices prevalent in each region. However, generally, the scheme covers the following types of crops:

1. Food Crops:

   • Cereals: Wheat, Rice, Maize, Millets, etc.
   • Pulses: Gram, Lentils, Peas, etc.

2. Oilseeds:

   • Groundnut, Soybean, Sunflower, Mustard, etc.

3. Commercial Crops:

   • Cotton
   • Sugarcane
   • Jute
   • Tobacco
   • Coffee
   • Tea
   • Rubber
   • Cardamom
   • Fruits and vegetables, among others.

The inclusion of crops is determined based on the cropping patterns prevalent in different regions. States and Union Territories have the flexibility to decide on the list of crops eligible for coverage under PMFBY, taking into consideration the local agricultural practices and the importance of specific crops to the economy.

Rate of Premium to be paid by the farmer to the Insurance Company

After the Bidding process is finalized, if the premium rate quoted by the Insurance Company is higher than the above rates, the difference will be paid to the Insurance Company by State & GOI at 50% each in the form of premium subsidy. If such rate is less than the above rates, no subsidy is payable to the Insurance Company.

Coverage of Risks and Exclusions under PMFBY Scheme:

The Pradhan Mantri Fasal Bima Yojana (PMFBY) in India provides coverage for various risks faced by farmers during the cultivation of insured crops. Additionally, there are certain exclusions or conditions under which claims may not be admissible. Here is an overview of the coverage of risks and exclusions under the PMFBY scheme:

Coverage of Risks:

1. Preventable Sowing Risks:

   • Failure of sowing due to the deficit in the southwest monsoon or any other reason recognized by the State Level Coordination Committee.

2. Risks During Harvesting and Post-Harvest Risks:

   • Losses due to localized risks such as hailstorms, cyclones, unseasonal rainfall, and other climatic events.
   • Losses during harvesting, transportation, and storage.

3. Yield Loss:

   • Coverage for loss of yield due to various perils including natural calamities, pests, and diseases.

4. Local Calamities:

   • Coverage for losses caused by local calamities like fire, lightning, and storms.

5. Other Admissible Risks:

   • The scheme covers other risks as specified in the scheme guidelines and as recognized by the State Level Coordination Committee.

Exclusions or Conditions for Non-Admissibility:

1. Intentional Damage:

   • Losses resulting from intentional damage or negligence by the insured farmer are not covered.

2. War and Nuclear Risks:

   • Losses caused by war, nuclear risks, and malicious actions are generally excluded.

3. Normal Preventable Risks:

   • Risks that are considered normal preventable risks, and losses due to poor farming practices, are not covered.

4. Commercial Crops Exceeding 14 Days:

   • For commercial crops, coverage is not provided for prevented sowing if the delay exceeds 14 days from the end of the sowing period.

5. Post-Harvest Losses Due to Delay in Harvesting:

   • Post-harvest losses due to the delay in harvesting beyond the normal period, as specified in the scheme guidelines, may not be admissible.

6. Losses Outside Notified Area:

   • Losses occurring outside the notified area are generally not covered.

7. Losses Due to Management Decisions:

   • Losses due to decisions by the insured farmer, such as changes in cropping patterns without the consent of the authorities, may not be covered.

8. Ineligible Crops:

   • Crops that are not eligible as per the scheme guidelines are not covered.