There are often crop losses during summer season due to overheating, in fields and barns. Heat waves in the summer often destroy the plants in the fields, which also affects the yields. Farmers suffer the biggest losses due to crop failures. Many of them are burdened with debt in the end. Just as you can get money back in the event of illness by making use of health insurance, you can also assert insurance claims in the event of crop damage. Pradhan Mantri Fasal Bima Yojana can help farmers with this. Here’s what this insurance is all about and how you can use it .
What is Kisan Fasal Bima Yojana?
Farmers in the country are already benefiting from harvest insurance; but in 2016, Prime Minister Narendra Modi introduced a new harvest insurance named Kisan Fasal Bima Yojana. In it, many new regulations have been added to offer farmers all the advantages of crop insurance. For example, farmers can now even demand compensation for crop damage caused by heavy rains, heat waves and storms.
As part of the PM Fasal Bima Yojana program, farmers receive compensation if they face crop loss due to a natural disaster. This insurance also offers compensation for hail storms, waterlogging and landslides. As part of the insurance, all these types of incidents are considered local disasters and compensation is determined. If you have harvested the crops and left them to dry in the field, you will receive compensation if the harvest is damaged by rain or other disaster within 14 days of the harvest.
In order to be able to use the benefits of harvest insurance, it is best to inform the insurance company or the local agricultural office within 72 hours of the loss. In this way, the bank, the insurance company and the agricultural office can easily assess the loss. After that, the compensation process is initiated. In order to be able to use the benefits of harvest insurance, it is best to inform the insurance company or the local agricultural office within 72 hours of the loss. In this way, the bank, the insurance company and the agricultural office can more easily assess the loss.
An application for compensation can only be made if at least 33 percent or more of the harvest is lost in the field. If your crop is damaged by a heat wave, you should report it to the local agricultural office within 72 hours of the event. In this way, the compensation process is initiated as quickly as possible. Further information about this can be found at https://pmfby.gov.in/.
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