PRADHAN MANTRI FASAL BIMA
YOJANA (PMFBY)
YOJANA (PMFBY)
The Pradhan Mantri
Fasal Bima Yojana (PMFBY) has been launched to provide provide financial
support to farmers suffering crop loss/damage arising out of unforeseen events.
The scheme has been approved for implementation in all States and Union
Territories from Kharif 2016 season in place of National Agricultural Insurance
Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS).
Objective of the
Pradhan Mantri Fasal Bima Yojana (PMFBY)
1. To
provide financial support to farmers suffering crop loss/damage arising out of
unforeseen events
2. To encourage
farmers to adopt innovative and modern agricultural practices
3. To stabilize the
income of farmers to ensure their continuance in farming
4. To ensure flow of
credit to the agriculture sector; which will contribute to food security, crop
diversification and enhancing growth and competitiveness of agriculture sector
besides protecting farmers from production risks.
The Scheme shall be
implemented on an ‘Area Approach basis’ i.e., Defined Areas for each
notified crop for widespread calamities with the assumption that all the
insured farmers, in a Unit of Insurance, to be defined as ‘Notified Area’ for a
crop,
- · face similar risk exposures,
- · incur to a large extent,
- · identical cost of production per hectare,
- · earn comparable farm income per hectare, and
- · experience similar extent of crop loss due to the operation of an insured peril, in the notified area.
Liability of the
Insurance companies
The liability of the
Insurance companies in case of catastrophic losses computed at the National
level for an agricultural crop season, shall be up to 350% of total premium
collected (farmer share plus Govt. subsidy) or 35% of total Sum Insured (SI),
of all the Insurance Companies combined, whichever is higher.
Losses at the
national level to be met by the Central Government and State Governments
The losses at the
National level in a crop season beyond this ceiling shall be met by equal
contribution (i.e. on 50:50 basis) from the Central Government and the
concerned State Governments.
Budget allocation
The budget allocation
for the Pradhan Mantri Fasal Bima Yojana (PMFBY) has been to ₹
13,000 crore for 2018-19 from ₹10,701 crore
for the current financial year.
As many as 5.70 crore
farmers purchased the crop insurance policy PMFBY during 2016-17 crop year.
Under the PMFBY,
farmers’ premium has been kept lower between 1.5-2 % for foodgrains and oilseed
crops, and up to 5 % for horticultural and cotton crops.
There is no cap on
the premium and 25 % of the likely claim will be settled directly in farmers’
accounts.
SETU BHARATAM PROGRAMME
SETU BHARATAM PROGRAMME
Prime Minister Shri
Narendra Modi launched the Setu Bharatam programme for building bridges for
safe and seamless travel on National Highways, in New Delhi. The Setu Bharatam
programme aims to make all National Highways free of railway level crossings by
2019. This
is being done to prevent the frequent accidents and loss of lives at level
crossings.
208 Railway Over
Bridges (ROB)/Railway Under Bridges (RUB) will be built at the level crossings
at a cost of Rs. 20,800 crore as part of the programme. The details of 208 ROBs
are as follows:
·
Andhra Pradesh – 33,
·
Assam – 12,
·
Bihar – 20,
·
Chattisgarh – 5,
·
Gujarat – 8,
·
Haryana – 10,
·
Himachal Pradesh – 5,
·
Jharkhand – 11,
·
Karnataka – 17,
·
Kerala – 4,
·
Madhya Pradesh -6,
·
Maharashtra – 12,
·
Odisha – 4,
·
Punjab – 10,
·
Rajasthan – 9,
·
Tamil Nadu – 9,
·
Utarakhand – 2,
·
Uttar Pradesh – 9,
·
West Bengal – 22.
Out of these 208
ROBs, Detailed Project Reports for 127 ROBs have been received in the Ministry,
out of which 78 ROBs with an estimated cost of Rs. 6428.57 crore have been
sanctioned till 31.03.2017, of which 35 works have been awarded so far. 09 ROBs with an estimated cost of Rs. 576.58
crore have been sanctioned till date during FY 2017-18.
