Pradhan Mantri Fasal Bima Yojana is to support farmers who suffer from crop loss and damage due to floods, cyclones, and other natural crises. It also provides insurance coverage to the farmers who suffer from the failure of crops due to pests & diseases. Now, let's discuss everything about the introduction of Pradhan Mantri Fasal Bima Yojana in India in detail. This scheme provides stability in farmers' income, which enables them to continue farming.

What are the goals of the Pradhan Mantri Fasal Bima Yojana?

1) The aim of this yojana is to encourage farmers to use advanced technologies on the farms.

2) This yojana provides insurance coverage for the crops grown in the summer or winter season.

3) Both loanee and non-loanee farmers can take part in the Pradhan Mantri Fasal Bima Yojana.

4) It provides add-on coverage in special situations.

5) Types of risks such as crop damage, prevented sowing, natural calamities, and after-harvest loss can be bearable under this yojana.

Check here if you are eligible for the Pradhan Mantri Fasal Bima Yojana.

1) To be a part of this yojana, farmers must cultivate crops on insured farmland.

2) Farmers have their own land for cultivation with proper legal documentation, which gets benefits from schemes like crop insurance, etc.

3) For the same crop loss, there is no other source of compensation.

4) Farmers must have proper bank details at the time of enrollment.

If you want to know how to apply for the Pradhan Mantri Fasal Bima Yojana, read our full blog at TractorKarvan. Documents such as an Aadhar card, ration card, voter ID card, driving license, and passport-size photo are required while enrolling in this yojana.