Question : Fasal Bima Yojana

(a) the details of the amount collected by the Government under Fasal Bima Yojana and the number of farmers benefited under this scheme till now;

(b) whether the Government has achieved the target of beneficiaries under this scheme and if so, the details thereof;

(c) the statistics relating to total compensation provided by the Government to farmers/insurance claims of the farmers settled since its introduction, year-wise and State/UT-wise;

(d) whether the Government’s Crop Insurance Scheme is effective enough to cover crop failures and losses to the farmers due to the natural calamities on payment of the lowest possible premium which would alleviate the rural misery and distress and if so, the details thereof;

(e) the salient aspects of this Crop Insurance Scheme and the manner in which it is better than the schemes introduced earlier; and

(f) whether there is any capping on the premium payable by the farmers in order to get an enhanced compensation, and if so, the details thereof?

MINISTER OF STATE IN THE MINISTRY OF AGRICULTURE AND FARMERS WELFARE

???? ??? ????? ?????? ???????? ??? ????? ?????? (SHRI PARSHOTTAM RUPALA)

(a) to (f) : With a view to provide a simple and affordable crop insurance scheme to ensure comprehensive risk cover for crops against all non-preventable natural risks from pre-sowing to post-harvest, and to provide adequate claim amount and timely settlement of claims, Pradhan Mantri Fasal Bima Yojana (PMFBY), has been launched from Kharif 2016 by the Government. The scheme has been implemented by 27 States/Union Territories in one or more seasons.

As per the approved implementation pattern of Pradhan Mantri Fasal Bima Yojana (PMFBY), the State/UT Governments have the choice to select the crops and areas for implementation of the scheme in the respective State/UT. The number of farmers who received claims due to crop loss under PMFBY has increased from 1,44,22,403 in 2016-17 to 1,62,25,283 in 2017-18. State-wise details of gross premium, farmers share in premium, total
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claims approved and number of farmers who received claims under the scheme are at Annexure-I.

Crop insurance is a major risk mitigation tool for the benefit of farmers. Insurance is all about spreading out the risk over the time period and over the geographical area. Insurers save premium in good seasons/years and pay high claims, if any in bad years from the savings made in the good years.

The premium for all farmers has been reduced and the farmers are required to pay maximum 1.5% of sum insured for Rabi, 2% for Kharif season food & oilseed crops and 5% for annual commercial/ horticultural crops of sum insured. Remaining part of the actuarial/bidded premium is paid by the Central and State Government on 50 : 50 basis. With a view to make the scheme more farmer friendly by ensuring better transparency and accountability, Government has comprehensively revised the Operational Guidelines of the Pradhan Mantri Fasal Bima Yojana (PMFBY) which have become effective from 01.10.2018. Salient features of the scheme are given in Annexure-II.