New Delhi, Mar 10 (KNS): More than 11.6 lakh farmer functions have been enrolled beneath the Pradhan Mantri Fasal Bima Yojana (PMFBY) in Jammu and Kashmir for the reason that inception of the scheme, with claims value Rs 166.7 crore paid to 2.8 lakh farmer functions until the Kharif 2025 season, the federal government knowledgeable the Lok Sabha.
The info was shared by Minister of State for Agriculture and Farmers Welfare Bhagirath Choudhary in a written reply to a query raised by MP Abdul Rashid Sheikh.
Choudhary mentioned the federal government has launched the yield-based PMFBY and the climate index-based Restructured Weather Based Crop Insurance Scheme (RWBCIS) from Kharif 2016 to offer monetary assist to farmers going through crop losses as a result of pure calamities and antagonistic climate situations.
He mentioned the schemes present complete threat insurance coverage overlaying the interval from pre-sowing to post-harvest losses and goal to stabilise farmers’ revenue.
Under PMFBY, farmers are charged a low premium charge — as much as 2 per cent of the sum insured for Kharif crops, as much as 1.5 per cent for Rabi crops and as much as 5 per cent for industrial and horticultural crops.
The remaining actuarial premium is shared between the Centre and states on a 50:50 foundation. However, in northeastern and Himalayan states, together with Jammu and Kashmir, the premium is shared within the ratio of 90:10 between the Centre and the state or UT authorities.
Responding to a different a part of the query, the minister mentioned land and agriculture fall beneath the jurisdiction of state governments beneath the Constitution, that are liable for taking measures to extend the world beneath cultivation and guarantee optimum use of agricultural land.
He mentioned the Centre helps such efforts by coverage initiatives and schemes such because the Watershed Development Component of the Pradhan Mantri Krishi Sinchayee Yojana (WDC-PMKSY), which focuses on the event of rainfed and degraded land.(KNS).
