PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY)

RELEVANCE – UPSC GS PRELIMS & GS MAINS – III

EXPECTED QUESTIONS

QUES 1. Consider the following statements regarding  Pradhan Mantri Fasal Bima Yojna(PMFBY)-

1 .  It was launched on 18th February 2016 .

2 . The PMFBY has been started as a sub component of National Agricultural Insurance Scheme .

Which among the above statements is/are correct?

a . only 1

b . only 2

c . both 1 & 2

d . none of the above

Answer- a

Ques 2 . Pradhan Mantri Fasal Bima Yojna(PMFBY) is being implemented under the overall guidance & control of –

a . Department of Financial Services, Ministry of Finance.

b . Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW), Ministry of Agriculture &
Farmers Welfare (MoA&FW).

c . Department of Rural Development , Ministry of Rural Development

d . Department of Land Resources , Ministry of Rural Development

Answer – b

QUES 3 . Pradhan Mantri Fasal Bima Yojna(PMFBY) covers – 

1 . Yield losses

2 . Prevented sowing

3 . Post harvest losses

4 . Localised Calamities

codes:

a . 1 , 2 & 3

b . 2 , 3 & 4

c . 1 ,3 & 4

d . 1 , 2 , 3 & 4

Answer – d

ABOUT  PRADHAN  MANTRI  FASAL  BIMA  YOJANA (PMFBY)

Image result for PMFBY

LAUNCHED

The Pradhan Mantri Fasal Bima Yojna was launched on 18th February 2016 . The PMFBY will replace the existing two schemes National Agricultural Insurance Scheme as well as the Modified NAIS.

OBJECTIVES

– To provide insurance coverage and financial support to the farmers in the event of failure of any of the notified crop as a result of natural calamities,
pests & diseases.
– To stabilise the income of farmers to ensure their continuance in farming.
– To encourage farmers to adopt innovative and modern agricultural practices.
– To ensure flow of credit to the agriculture sector.

IMPLEMENTING AGENCY (IA)

The Scheme shall be implemented through a multi-agency framework by selected insurance companies under the overall guidance & control of the Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW), Ministry of Agriculture &
Farmers Welfare (MoA&FW), Government of India (GOI) and the concerned State in co-ordination with various other agencies.

MANAGEMENT OF THE SCHEME

The existing State Level Co-ordination Committee on Crop Insurance (SLCCCI), Sub Committee to SLCCCI, District Level Monitoring Committee (DLMC) already overseeing the implementation & monitoring of the ongoing crop insurance schemes shall be responsible for proper management of the Scheme.

UNIT OF INSURANCE

The Scheme shall be implemented on an ‘Area Approach basis’ i.e., Defined Areas for each notified crop for widespread calamities .

CROPS COVERED

The Scheme can cover all the Crops for which past yield data is available and grown during the notified season, in a Notified Area.

NOTIFIED AREA

Notified Area is the Unit of Insurance decided by the State Govt. for notifying a Crop during a season. The size of the Unit of Insurance shall depend on the area under cultivation within the unit.

FARMERS TO BE COVERED

All farmers growing notified crops in a notified area
during the season are eligible.

COMPULSORY COVERAGE

The enrolment under the scheme shall be compulsory for farmers in the notified area who possess a Crop Loan account/KCC account
(called as Loanee Farmers) to whom credit limit is sanctioned/renewed for the notified crop during the crop season.

VOLUNTARY COVERAGE

Voluntary coverage may be obtained by all farmers including Crop KCC/Crop Loan Account holders whose credit limit is not renewed.

RISKS TO BE COVERED

Following risks leading to crop loss are to be covered under the scheme :-
1 .  YIELD LOSSES – Comprehensive risk insurance is provided to cover yield losses due to non-preventable risks, such as
(i) Natural Fire and Lightning
(ii) Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane, Tornado etc.
(iii) Flood, Inundation and Landslide
(iv) Drought, Dry spells
(v) Pests/ Diseases etc.

2 . PREVENTED SOWING – In cases where majority
of the insured farmers of a notified area, having intent to sow/plant and incurred expenditure for the purpose, are prevented from sowing/planting the insured crop due to adverse weather conditions.

3 . POST-HARVEST LOSSES – Coverage is available upto a maximum period of 14 days from harvesting for those crops which are kept in “cut & spread” condition to dry in the field after harvesting, against specific perils of cyclone / cyclonic rains, unseasonal rains throughout the country.

4 . LOCALISED CALAMITIES – Loss / damage
resulting from occurrence of identified localized risks i.e. hailstorm, landslide, and inundation affecting isolated farms in the notified area.

PREMIUM

The Maximum Premium payable by the farmers will be 2% for all Kharif Food & Oilseeds crops, 1.5% for Rabi Food & Oilseeds crops and 5% for Annual
Commercial/Horticultural Crops.