PM Fasal Bima Yojana in Uttar Pradesh
The PM’s Fasal Bima Yojana has been given approval by the Union Cabinet. The yojana is aimed to offer farmers in UP with better premium coverage rates such that more number of farmers in the state can take advantage of it. It is also stated that the insurance coverage under this yojana will cover any loss faced by the farmers on account of natural calamities. It is also expected that the yojana will be in effective for the farmers in the state starting from Kharif season.
Benefits to the farmers
- The new scheme is launched with an aim to help farmers. Within the state the farmers shall have to invest only 2 percent as premium amount. This investment can be done by the farmer for any type of Kharif crop. Apart from this farmers can also invest in premium for any rabi crop by paying 1.5 percent as premium amount.
- Apart from this, under the scheme farmers can also invest 5 percent as premium for horticulture crops and other commercial crops.
- Government has also stated that under the scheme the other part of the share in the premium amount will be paid by the state government and centre.
The centre is also looking forward to lower the interest rates charged for the farmers. This yojana is looked up by the government and centre as main beneficial policy for the farmers.
Liabilities for the centre
According to the present stats the centre holds its share of 3100 crore INR as premium amount invested in around 23 percent crops grown in the state. Centre also expects that with increase in the share amount to 30 percent the liability amount will increase up to INR 5200 crore. Apart from this centre also expects to cover insurance for 50 percent crops grown by next three years. It is expected that this will help improve the financial liabilities for the centre in the state.
With the implementation of this scheme the state government aims at lowering the premium subsidy so that it can be completely eliminated. It is certain that with this farmer will get the benefit of claiming full insurance amount from the state government.
In near future the centre also aims at implementing technology for farmers where they can make use of smart phones for uploading and capturing the complete data related to crop cutting. This is one factor that will help speed up the process of making claims for the insurance amount. Apart from this government is also looking forward to implementing remote sensing technique for farmers with an aim to eliminate experimentation on crop cutting.
It is certain that these new techniques will help farmers in the long run along will providing other assessments against natural calamities including inundation, unseasonal rains, hailstorms and land slides.
The scheme was termed as safety shield by Rajnath Singh (Union Home Minister). He also added that the scheme will offer maximum protection to the farmers.