{"id":37570,"date":"2025-02-18T18:48:24","date_gmt":"2025-02-18T13:18:24","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=37570"},"modified":"2025-02-22T11:57:36","modified_gmt":"2025-02-22T06:27:36","slug":"pmfby-9-years","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/18-02-2025\/pmfby-9-years","title":{"rendered":"9 Years of Pradhan Mantri Fasal Bima Yojana (PMFBY)"},"content":{"rendered":"\n<p><strong>Syllabus: GS2\/Government Policy &amp; Interventions; GS3\/Agriculture<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Context<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>Pradhan Mantri Fasal Bima Yojana (PMFBY)<\/strong> recently celebrated its ninth anniversary, marking nearly a decade of empowering Indian farmers with comprehensive crop insurance.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About PMFBY<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Launch:<\/strong> 2016 by the Ministry of Agriculture &amp; Farmers Welfare.<\/li>\n\n\n\n<li><strong>Coverage:<\/strong> All farmers, including sharecroppers and tenant farmers, growing notified crops in designated areas.<\/li>\n\n\n\n<li><strong>Crops Covered:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Food Crops (Cereals, Millets &amp; Pulses)<\/li>\n\n\n\n<li>Oilseeds<\/li>\n\n\n\n<li>Annual Commercial &amp; Horticultural Crops<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Risks Covered<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Yield Losses (Standing Crops):<\/strong> Losses due to non-preventable risks like drought, flood, pests, and diseases.<\/li>\n\n\n\n<li><strong>Prevented Sowing:<\/strong> Compensation when farmers cannot sow due to adverse weather conditions.<\/li>\n\n\n\n<li><strong>Post-Harvest Losses:<\/strong> Coverage for crop losses within 14 days of harvesting due to natural calamities.<\/li>\n\n\n\n<li><strong>Localized Calamities:<\/strong> Damage due to hailstorms, landslides, cloudbursts, etc.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Implementation &amp; Coverage Growth (2016\u20132024)<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Farmer Enrollment:<\/strong> Over 40 crore farmer applications registered.<\/li>\n\n\n\n<li><strong>Land Coverage:<\/strong> More than 30 crore hectares of farmland insured.<\/li>\n\n\n\n<li><strong>Affordable Premium &amp; High Claims Settled:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Farmers paid over <strong>\u20b929,000 crore<\/strong> as premiums.<\/li>\n\n\n\n<li>Over <strong>\u20b91.50 lakh crore<\/strong> in claims disbursed, proving it to be a pro-farmer initiative.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Customized Insurance Plans:<\/strong> State-specific schemes and cluster-based models enhance efficiency.<\/li>\n\n\n\n<li><strong>Inclusive Growth:<\/strong> More than 70% of beneficiaries are small and marginal farmers.<\/li>\n\n\n\n<li><strong>Climate Risk Mitigation:<\/strong> Addresses challenges like erratic monsoons, droughts, floods, and unseasonal rains.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Technological Advancements<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>AI &amp; Geo tagging:<\/strong> Enhance accuracy in crop loss assessment by enabling precise damage verification and yield estimation.<\/li>\n\n\n\n<li><strong>CCE-Agri App &amp; YES-TECH:<\/strong> Mobile-based tools to record Crop Cutting Experiments (CCEs) and estimate yields.<\/li>\n\n\n\n<li><strong>National Crop Insurance Portal (NCIP):<\/strong> Centralized platform for real-time monitoring and claims processing.<\/li>\n\n\n\n<li><strong>Digital Claim Settlement:<\/strong> Faster payouts through mobile apps and online platforms.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Major Challenges<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Delays in Claim Settlement:<\/strong> Bureaucratic hurdles and disputes between insurance companies and state governments slow payouts.<\/li>\n\n\n\n<li><strong>State Withdrawals &amp; Implementation Issues:<\/strong> States like Bihar, West Bengal, Gujarat, and Andhra Pradesh withdrew due to financial concerns over premium subsidies.<\/li>\n\n\n\n<li><strong>Low Awareness &amp; Farmer Participation:<\/strong> Many farmers, especially in remote areas, remain unaware of the scheme\u2019s benefits.<\/li>\n\n\n\n<li><strong>Data &amp; Technology Gaps:<\/strong> Lack of real-time weather data and delays in crop loss assessment impact claim processing.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Recent Reforms &amp; Future Prospects<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PMFBY 2.0 \u2013 Restructured Guidelines (2020-21):<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Voluntary Enrollment:<\/strong> Since 2020, participation has been made voluntary.<\/li>\n\n\n\n<li><strong>State Flexibility:<\/strong> States can customize insurance products to meet regional agricultural needs.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Alignment with Climate Resilience Policies:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Linked with <strong><a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/05-02-2022\/national-adaptation-fund-for-climate-change-nafcc\" data-type=\"link\" data-id=\"https:\/\/www.nextias.com\/ca\/current-affairs\/05-02-2022\/national-adaptation-fund-for-climate-change-nafcc\">National Adaptation Fund for Climate Change (NAFCC)<\/a><\/strong> to promote climate-resilient farming.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Restructured Weather-Based Crop Insurance Scheme (RWBCIS):<\/strong>\n<ul class=\"wp-block-list\">\n<li>A weather index-based insurance scheme introduced alongside PMFBY.<\/li>\n\n\n\n<li><strong>Difference from PMFBY:<\/strong> RWBCIS calculates claims based on weather parameters rather than actual yield loss.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Way Forward<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Digitization:<\/strong> Expanding technology use for faster claim settlements.<\/li>\n\n\n\n<li><strong>State Re-Engagement:<\/strong> Encouraging states that have withdrawn to rejoin.<\/li>\n\n\n\n<li><strong>Private Sector Involvement:<\/strong> Incentivizing private insurers to offer region-specific solutions.<\/li>\n\n\n\n<li><strong>Disaster Risk Reduction:<\/strong> Strengthening proactive risk mitigation strategies.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: PIB<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pradhan Mantri Fasal Bima Yojana (PMFBY) recently celebrated its ninth anniversary, marking nearly a decade of empowering Indian farmers with comprehensive crop insurance.<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-37570","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/37570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=37570"}],"version-history":[{"count":2,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/37570\/revisions"}],"predecessor-version":[{"id":37830,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/37570\/revisions\/37830"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=37570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=37570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=37570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}