Fasal Bima Yojana in Bihar
Prime Minister Narendra Modi has launched the crop insurance scheme on 13th January, 2016 which is called the Pradhan Mantri Fasal Bima Yojana, for the farmers in all the states of India. The implementation of the scheme was done on the 1st of April, 2016. The main aim of the scheme is to provide insurance to the farmers in the country.
Agricultural insurance is very useful to the farmers as it offers protection to the farmers when there is loss in the production of the crops or crop due to reasons such as flood, pests, etc. in the case of crop failure the farmer has to be motivated to continue farming and the insurance scheme helps in doing so as well.
Below listed table discuss about the basic of scheme
|S.No||Things need to know about Bima Yojana||Detailed Information|
|1||It is the biggest crop insurance||Pradhan Mantri Fasal Bima Yojana is the biggest crop insurance so far and it ensures about the biggest contribution would be on government side|
|2||Amount Sanctioned under this scheme by government of India||As per the latest stats released by government officials it is marked as Rs.8,800cr crop insurance has been sanctioned under this Bima Yojana Scheme|
|3||Whether farmers need to contribute a lot while paying premium amounts?||No! Farmers can contribute minimum of percent while paying premium meanwhile remaining amount will be paid by government.|
Implementation of the scheme in Bihar
Bihar as a whole is highly dependent on farming when it comes to state’s revenue, with most of the household having a small land which they use for cultivation. In Bihar, almost 80% of the rural populations literally live by farming. But in Bihar most of the crop and farmer insurance plans have not shown good results due to certain factors like the lack of proper implementation, proper insurance coverage, etc. But then with the Pradhan Mantri Fasal Bima has shown some better results because of the following factors-
- The scheme is covering problems such as prevented sowing and post-harvest losses, which was not covered by other scheme. So more farmers are using the insurance scheme to meet their problems.
- The scheme will also cover losses due to factors such as low price of the crops. This is helping a lot of farmers who are in loss due to the low price of Paddy and wheat in Bihar.
Overall the scheme has shown better outcome than the other similar insurance programs. More and more farmers are using the Pradhan Mantri Fasal Bima Yojana at the times of their needs, but then there is still a long way to go.
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