pm fasal bima yojana

Crop insurance and its benefits for farmers

Crop insurance and its benefits for farmers

India's villages are the foundation of economic development and the Indian agriculture industry is an important part of the country's economy. Millions of families depend on and are responsible for Indian agriculture. Crop insurance plays an important role in helping farmers ensure the results of their hard work. We will discuss the importance of crop insurance and its benefits for farmers.

What is crop insurance? 

Crop insurance is a type of insurance that helps farmers protect their crops from irregular weather conditions. It gives farmers an opportunity to reduce their costs and ensure their income. Crop insurance schemes are run by the government, and they provide financial assistance to farmers in case of crop loss.

Agricultural Insurance Corporation

Crop Insurance Corporation is an important organization for the safety of farmers and protection of their farming in India. It is established by the government and works to protect the farmers of India from various types of natural disasters and extenuating circumstances. The main objective of Agricultural Insurance Corporation is to free the farmers from losses on their farming costs. This government scheme provides the facility to farmers to get insurance for their crops so that they can run their farming self-reliantly. For more information visit: , and The Insurance Regulatory and Development Authority of India (IRDAI) has a major role in the development and regulation of the insurance sector, including crop insurance, in India. There are various schemes under Agricultural Insurance Corporation, such as Pradhan Mantri Fasal Bima Yojana (PMFBY), National Agricultural Insurance Scheme (NAIS), and Met Agricultural Insurance Scheme (MNAIS) etc. Under these schemes, farmers can get their crops insured to protect them from various natural calamities such as floods, drought, snowfall, rain, diseases, pests etc.

Benefits of crop insurance

Investment Protection: Crop insurance provides farmers with protection of their investments. When a farmer insures his crops, he is protected against losses caused by irregular weather conditions. This strengthens the economic condition of farmers and gives them self-support to invest. 

Also read: Farmers in UP are less interested in crop insurance

Security of farmers' income: Crop insurance provides farmers with security of their main income source. If a farmer's crop suffers any kind of damage, then crop insurance provides him financial help. With this the farmer can ensure the financial security of his family.

Increase in agricultural production: Provision of crop insurance makes farmers feel more secure and gives them courage to increase agricultural production. When farmers are sure that their hard work is not going to result in crop loss, they are more enthusiastic and try to produce more.

Improvement of Agricultural Literature: Crop insurance improves the economic condition of farmers and makes them more structured towards more education and literary development. As a result, the level of agricultural literature also increases and farmers have more knowledge, which also improves their agricultural production.

Social Security: Farmers also get a sense of social security through crop insurance. If there is any loss in the farmer's crop, he does not need to face much social conditions. He is able to support his family and can help other members of the society.

Also read: Farmers can avail the benefits of crop insurance scheme

Suggestions and technical assistance: Crop insurance schemes give farmers a chance to do farming with new techniques and better technologies. Government and insurance companies often provide suggestions and technical assistance to farmers for better farming, which makes farmers more excited and aware.

Savings and investment opportunity: Crop insurance provides farmers with security for their savings and investments. When a farmer gets his crops insured, he gets a chance to strengthen his economic structure. With this, the farmer can invest and save more to improve his economic condition.

Farming without stress: With crop insurance, the farmer can do farming without stress. When their crops are protected by insurance, they can do farming without worrying about weather conditions. This reduces the mental pressure of the farmer and he can work more efficiently.

 Farmer should insure their rabi crops under PM Crop Insurance Scheme

Farmer should insure their rabi crops under PM Crop Insurance Scheme

Farmers can complete the process given here to take advantage of the Pradhan Mantri Crop Insurance Scheme. Here the necessary documents have been told, with the help of which farmers can benefit from the scheme.

A lot of schemes are being run by the government, from which farmers are benefiting greatly. One of these schemes is named after the Pradhan Mantri Crop Insurance Scheme (PMFBY). Through this scheme, farmers are provided insurance cover against damage to standing crops. The premium of insurance cover for rabi crops under the scheme is 1.5% percent. Also, the government provides a 50% percent grant, which means that farmers have to pay only a 0.75% percent premium. Currently crop insurance week is going on. Farmers should insure crops quickly to take cover.

Let's Know which damage is covered in it







What will be the benefit that farmers can get 

Under this, financial security is provided to farmers against the loss of standing crops. Also, it helps farmers to maintain their income and continue farming. In addition, it helps in making farmers self -sufficient.

Necessary documents for crop insurance

Crop Insurance Application Form

Crop sowing certificate

Farm map

Copy of farm measles or B-1

Aadhar card

Bank account details or passbook

Passport Size Photo

What is the process of application

Step 1: First candidate should visit the official website of Pradhan Mantri Crop Insurance Scheme

Step 2: After this, candidates should register on the home page.

Step 3: Then after completing the registration of the farmer brother, it is to choose the option of Apply as a farmer.

Step 4: After this an online form will be found, where all the information sought will have to be filled properly.

Step 5: Now perform a preview after filling the form, so that the mistakes can be detected.

Step 6: Then the form is filled properly, then attach the document and submit it.