Latest news with #PradhanMantriFasalBimaYojana
News18
18 hours ago
- Business
- News18
Top 10 Government Schemes For Farmers
1/7 Pradhan Mantri Fasal Bima Yojana (PMFBY): This insurance scheme is designed to offer financial protection to farmers against crop losses caused by natural disasters, as well as damage from pests and diseases. PMFBY offers coverage for over 50 different crops and benefits more than 50 crore farmers. (Image: AI-Generated) Kisan Credit Card (KCC): This scheme was launched to ensure that farmers have access to timely and sufficient credit for their agricultural needs. The government offers an interest subvention of 2% along with an additional 3% incentive for prompt repayment. (Image: AI-Generated) Paramparagat Krishi Vikas Yojana (PKVY): It offers comprehensive support to organic farmers, covering the entire process from production to processing, certification, and marketing through a cluster-based approach. Under PKVY, states and UTs receive financial assistance of ₹31,500 per hectare over three years for organic clusters. (Image: AI-Generated) Sub-Mission on Agricultural Mechanization (SMAM): It provides subsidies on tractors, harvesters, and other planting machinery to help farmers enhance their productivity and efficiency. Priority is given to women farmers. (Image: AI-Generated) National Agriculture Market (e-NAM): This is a digital platform designed to create a unified national market for agricultural commodities in India. It was launched on April 14, 2016. This platform enhances marketing opportunities for farmers by allowing them to sell their produce through competitive and transparent online bidding. (Image: AI-Generated)
The Hindu
4 days ago
- Business
- The Hindu
Raising awareness on crop insurance among farmers is officials' duty, says DC Fouzia Taranum
With the onset of the monsoon and sowing activities gaining pace, Deputy Commissioner of Kalaburagi, Fouzia Taranum, has directed officials to actively raise awareness among farmers about the importance of availing crop insurance under the Pradhan Mantri Fasal Bima Yojana (PMFBY). Chairing a meeting of bank officials involved in crop loan disbursement at her office on Friday, Ms. Taranum stressed that educating farmers about the need for crop insurance is not just a recommendation but a responsibility for all banks that have issued agricultural loans. 'In Kalaburagi district, over three lakh farmers have received agricultural loans totalling ₹3,800 crore from various banks. Every one of these beneficiaries must be made aware of the benefits of crop insurance,' she said. 'The premium amount for crop insurance is minimal, but the protection it offers during unforeseen calamities is enormous. It is essential to convince all these farmers to enrol in the scheme by July 31 and achieve 100% coverage.' She added that if officials and bankers fail to carry out the awareness drive and enrolment effectively, strict action would be initiated against them. 'Each bank and department must ensure that crop insurance details, particularly the major crops of the district, are disseminated at the taluk and gram panchayat levels, while other crop details should be shared at the hobli level,' she said. For the 2025-26 Kharif season, IFFCO-Tokio General Insurance Company Ltd. has been appointed as the implementing insurance agency for the Kalaburagi district under the PMFBY. Farmers seeking more information on the scheme can call the helpline number 1800-200-5142 or visit their nearest Raita Samparka Kendra or Assistant Director of Agriculture office. Ms. Taranum also instructed the Agriculture Department to make full use of media channels to create mass awareness about crop insurance and ensure that farmers understand its benefits and procedures. Joint Director of Agriculture, Samad Patel, and senior officials from various banks participated in the meeting.
Hans India
7 days ago
- Business
- Hans India
Farmers asked to register for crop insurance before July 31
Tirupati: Farmers in Tirupati district have been urged to take advantage of the crop insurance schemes available for the kharif 2025-26 season. Joint Collector Shubham Bansal, who chaired a District Level Monitoring Committee meeting on crop insurance on Tuesday, underscored the importance of safeguarding farmers against potential crop losses. The meeting was attended by officials including district agriculture officer Prasad, horticulture officer Dasaradha Rami Reddy, Lead bank manager Guntur Ravi Kumar, and insurance representatives. The Joint Collector explained that under the Pradhan Mantri Fasal Bima Yojana (PMFBY), paddy and bajra (pearl millet) have been notified for the kharif season. Paddy insurance is calculated at the village level, while bajra is insured at the district level. Future Generali India Insurance Company is the implementing agency. For paddy, the sum insured is Rs 1,05,000 per hectare, with a farmer premium of Rs 420 per hectare (Rs 168 per acre). For bajra, the sum insured is Rs 40,000 per hectare, and the premium is Rs 160 per hectare (Rs 64 per acre). The last dates for premium payments are August 15, 2025, for paddy and July 31, 2025, for bajra. Farmers can register via the National Crop Insurance Portal (NCIP). Those with crop loans from June 2025 onwards will have their premiums deducted by the bank unless they opt out through a written application submitted a week before the deadline. Farmers who did not avail crop loans can register via Common Service Centres (CSCs) or directly on the NCIP portal by uploading necessary documents, including Aadhaar, land records and bank details. Shubham Bansal urged farmers to enroll within the deadlines and make full use of these protective measures. He also launched a crop insurance awareness poster during the meeting, attended by district agriculture and horticulture officials, banking representatives, and insurance staff.
Time of India
15-07-2025
- Business
- Time of India
Ensure availability of fertilizer to farmers in all areas: Varanasi DM to officials
Varanasi: To ensure the availability of fertilisers to farmers at fixed rates and prevent black marketing, hoarding, and diversion of fertilisers as well as to register as many farmers as possible under the Pradhan Mantri Fasal Bima Yojana, a review meeting was held under the chairmanship of district magistrate Satyendra Kumar through video conferencing on Tuesday. The meeting was attended by chief development officer, deputy director of agriculture, district agriculture officer, assistant commissioner and assistant registrar of cooperatives, district manager of PCF, manager of cooperative bank, area manager of IFFCO, lead bank Manager, and district manager of SBI general insurance company, Varanasi. During the review, the DM inquired about the availability of fertilisers at cooperative societies in the district and expressed dissatisfaction over the unavailability of DAP fertilisers at 20 societies. He instructed the representative of the assistant commissioner and assistant registrar of cooperatives to ensure the availability of DAP fertilisers at all societies from the pre-positioning stock. He also directed that the allocation of fertilisers to the district should be prioritised and lifted from the rake point. While reviewing the progress of the Pradhan Mantri Fasal Bima Yojana, the DM of SBI General Insurance Company informed that there are 52,937 eligible KCC holder farmers in the Varanasi district on the National Crop Insurance Portal. However, only 2,777 KCC holders were insured by the bank branches so far. The DM instructed the official concerned to ensure that all KCC holders' details are entered on the Kisan Credit Portal through all bank branches in the district. All eligible farmers' premiums should be debited as per rules, and crop insurance should be completed by July 31. The DM instructed the deputy director of agriculture, district agriculture officer, assistant registrar of cooperatives, district manager of PCF, and area manager of IFFCO to coordinate and ensure the availability of fertilisers in every area of the district, so that farmers can easily access fertilisers. No laxity should be tolerated in this regard.
The Hindu
15-07-2025
- Business
- The Hindu
Insurance companies urged to pay interest on delayed crop insurance claims
Senior advocate and farmer activist Vajnath Zhalki has urged the government of Karnataka and insurance companies to clear claims for the crop loss suffered in 2024. Addressing press persons in Kalaburagi on July 14, Mr. Zhalki said that farmers are eligible to claim interest on delayed crop insurance payment. If the insurance companies fail to settle claims within the stipulated period, they are liable to pay the insurance claim, along with the 12% interest to distressed farmers under Pradhan Mantri Fasal Bima Yojana (PMFBY) Mr. Zhalki urged the Agriculture Department and insurance Companies to encourage widespread crop insurance adoption by creating awareness about its benefits, and simplifying the enrollment process. Of nearly seven lakh farmers engaged in agricultural activities in the Kalaburagi district, only 2.5 lakh farmers opted for crop insurance in 2024, he added. He demanded that the Agriculture Department launch awareness campaigns at gram panchayat level to educate farmers about benefits of PMFBY, and encourage them to insure their crop to mitigate financial risks associated with crop loss.
