Benefits of Pradhan Mantri Fasal Bima Yojana
– The farmers need to pay a very lower premium amount under the scheme. – In case of crop failure, the farmers will be paid the partial or full amount of insurance. – Under PMFBY, claiming the insurance amount becomes very easy online. – The scheme helps in the upliftment of the agricultural people.
– The scheme offers financial aid to the farmers who are suffering from harsh and stern crop loss due to attacks by pests, diseases, and natural disasters. – PM Fasal Bima Yojana encourages farmers to continue farming. – PMFB Yojana provides opportunities to assure farmers’ stability in terms of finance. – The scheme also promotes contemporary and modern techniques and methodologies for farming. – This Crop Insurance Scheme ensures food security that aims to maintain the flow of credit in the sector.