Central govt. invites Pradhan Mantri Fasal Bima Yojana Online Registration Form 2024-25 at pmfby.gov.in. People can now apply online for PMFBY Scheme and check Prime Minister Fasal Bima Yojana Application Status. The official website for PM Fasal Bima Yojana is now functional for farmers to apply for crop insurance. Also check the new update on PMFBY scheme at the end of this article.
In the PMFBY Scheme, farmers can apply online for agriculture insurance cover and to get financial assistance in case their crops gets damaged. All the damages such as caused due to heavy rain, natural calamities, pests or diseases are covered in Pradhan Mantri Fasal Bima Yojana. The interested farmers can also know premium amount using insurance premium calculator & can make a complain at pmfby.gov.in.
Recently, the central govt. has made PMFBY Scheme optional. The premium for PM Fasal Bima Yojana is set to 2% for Kharif and 1.5% for Rabi crops. This scheme was firstly launched on 18 February 2016. The registration lines for PMFBY crop insurance scheme 2024 are open.
PM Fasal Bima Yojana (PMFBY) in Union Budget 2024-25
Finance Minister presented Interim Union Budget 2024-25 on 1 February 2024 in which she said "Farmers are our "Annadata". Every year, under PM-KISAN SAMMAN Yojana, direct financial assistance is provided to 11.8 crore farmers, including marginal and small farmers. Crop insurance is given to 4 crore farmers under PM Fasal Bima Yojana (PMFBY). These, besides several other programmes, are assisting "Annadata" in producing food for the country and the world. Electronic National Agriculture Market has integrated 1361 mandis, and is providing services to 1.8 crore farmers with trading volume of Rs. 3 lakh crore".PM Fasal Bima Yojana Online Registration Form 2024
Below is the complete process to fill PMFBY online registration form 2024:-
- Visit the official PMFBY Scheme website at https://pmfby.gov.in/
- The homepage of PM Fasal Bima Yojana will appear as shown below:-
- At the homepage, click at the "Farmer Corner - Apply For Crop Insurance By Yourself" link.
- Direct Link - https://pmfby.gov.in/farmerRegistrationForm
- The PMFBY Farmer Online Registration Form 2024 will appear as shown below:-
- Accordingly, the farmers can enter their Farmer Details, Residential Details, Farmer ID, Account Details and click at "Create User" button.
PMFBY Farmer Login - Apply Online
Accordingly, people can now make "Sign In" and make login. The PMFBY login page will appear as shown below:-
Check Pradhan Mantri Fasal Bima Yojana Application Status
Visit the same official website at pmfby.gov.in. At the homepage, click at the "Application Status - Know Your Application Status on every step" tab as shown below:-
Afterwards, the PMFBY Application Status checking page will appear as shown below:-
Here farmers can enter their PMFBY receipt number and click at the Check Status button to complete the PMFBY status checking process.
Rs. 30,000 Crore for PM Fasal Bima Yojana Expansion
The union govt. is mulling to put aside Rs. 30,000 crore to expand Pradhan Mantri Fasal Bima Yojana portal. Central govt. plans to convert PMFBY portal into a comprehensive platform that covers insurance coverage beyond crops to include assets such as ponds, tractors, livestock, and palm trees.AIDE Application to Apply for Crop Insurance
Expansion of PMFBY program will be driven by the Ace Integrated Development Environment (AIDE) application. AIDE would ensure door-to-door enrolment, with the intent of making crop insurance more accessible and convenient for farmers. The app will facilitate insurance intermediaries to enrol farmers for crop insurance in addition to extending the coverage to 40 million farmers for non-subsidised schemes.New Platform for Restructured PMFBY
Agriculture department is planning to build a platform which is a transition from being a portal to a platform. AIDE app is already operational to enrol farmers for crop insurance. As farmers enrol for crop insurance, which is PMFBY, they may also want to get insurance for their other assets that don't get subsidies. The government wants to cater to this potential demand.
Other than this, several states, including Andhra Pradesh, re-enlisted in the scheme, while others are planning to rejoin it given the expansion in its coverage under the restructured PMFBY scheme in the respective states. For example, Jharkhand has decided to re-enter the scheme from Kharif 2024-25, after settling the long pending claims of Rs. 765 crore. The total number of insurance companies participating in the scheme has also grown, with 15 taking part in the 2023-2024 tender cycle. In 2020, only 11 insurers were offering their services in the PMFBY scheme.
Read Report on Expansion of PMFBY Scheme - https://www.business-standard.com/india-news/govt-likely-to-set-aside-rs-30-000-crore-for-pm-fasal-bima-yojna-expansion-123102300243_1.html
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Central Government