Department of Agriculture Development, Farmers Welfare and Biotechnology has declared the period of insurance of Kharif crops in the year 2025. The farmers have an opportunity to be relieved now by providing them with crop insurance facilities under Pradhan Mantri Fasal Bima Yojana (PMFBY) between July 15 and July 31. The biggest point of the scheme this year is that farmers will have to incur a very small premium of 2 percent on the crops they would insure.
In this scheme, farmers have the option of insuring important crops that are irrigated and non-irrigated paddy, maize, groundnut, moong, urad, soybean, arhar (tur), kodo, kutki, and ragi. The program will help the farmers to be financially cushioned against any negative weather conditions like droughts and floods, waterlogging, hailstorms, and other calamities of nature.
Farmers, both land owners/sharecroppers and loanee farmers and non-loanee farmers, can avail of the scheme. The farmers of notified villages, as well as the circles of revenue inspectors of mandated villages who have availed seasonal agricultural financing over notified crops sanctioned or renewed by financial institutions, are also presumable. Also, non-loanee farm owners who cultivate crops in a notified area and want to join it should provide a sowing certificate certified by the local patwari or rural agricultural extension officer, amongst all other important papers.
Insured values and the amount of payable premium of different crops per hectare in the Kharif season 2025-26 have also been specified. For instance:
- Urad: 30,000 insured, 600 premium
- Moong: Worth 29,000 and premium 580
- Groundnut: rice 42,000 insured rupees, 840 premium rupees
- Kodo/Kutki: 22 000 insured, 440 premium
- Maize: insured amount 48,000, premium 960
- Arhar (Tur): 40,000 insured, 800 premium
- Ragi: 25000 insured
The scheme acts as a security blanket to the farmers, in the sense that it compensates them in the event that they lose their crop to natural disasters and promotes the sustainability of agricultural production for these farmers at affordable premiums.
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