PMFBY: What is Pradhan Mantri Fasal Bima Yojana, how to get its benefits, farmers can apply like this before July 31
PM Fasal Bima Yojana: In order to claim the Pradhan Mantri Fasal Bima Yojana, the farmers first have to inform the agriculture department about crop failure within 72 hours. After this the application has to be made. Even today, most of the farmers of the country are dependent on rain water. Sometimes there is a danger of crop failure due to sudden heavy rains, sometimes due to drought or any other natural calamity. Pradhan Mantri Fasal Bima Yojana (PMFBY) has been started to save farmers from financial losses due to these uncertainties. It seems that the farmer gets the facility of getting his crop insured by paying very little money under the Pradhan Mantri Fasal Bima Yojana. Under insurance coverage, if the insured crop is destroyed, then the insurance company is responsible for its full compensation. Food crops (cereals, millets and pulses), oilseeds and annual commercial/annual horticultural crops are covered under this insurance. Under Pradhan Mantri Fasal Bima Yojana, far...