The enrollment of farmers under Pradhan Mantri Fasal Bima Yojana (PMFBY) for Kharif-2020 season is going on in full swing in various States and UTs of the country. The Government of India has made enrolment free for all the farmers who only need to pay a premium amount.
Farmers can get their food crops (cereals and oilseeds) insured at a minimal premium rate of 2% of sum insured, and commercial and horticulture crops at 5% of sum insured in Kharif -2020.
The remaining premium will be subsidised by the Centre Government and States. The cut-off date for the ongoing Kharif 2020 season in few States/UTs may end by 31st July 2020.
In order to motivate the farmers, the Union Minister of Agriculture and Farmers’ Welfare, Narendra Singh Tomar has appealed to them through video messages. The Scheme ensures protection of crop loss for the entire cropping cycle, from pre-sowing to post-harvest activities.
