time to apply pmfby

The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a government-sponsored crop insurance scheme in India. It aims to provide financial support to farmers in the event of crop failure or damage due to natural calamities. Here are the steps to apply for PMFBY:

  1. Registration: Farmers need to register themselves with the Agricultural Insurance Company (AIC) or any other empanelled insurance company. They can do this by visiting the nearest Common Service Center (CSC) or online through the PMFBY portal.

  2. Selection of Crops: Farmers need to select the crops they wish to insure under the scheme. They can choose from a list of notified crops for their respective states.

  3. Submission of Application: Farmers need to fill out the application form provided by the insurance company. The form requires details such as personal information, land details, crop details, and bank account information.

  4. Payment of Premium: Farmers need to pay the premium for the selected crops. The premium rates are subsidized by the central and state governments, making it affordable for farmers. The premium amount varies depending on the crop and the risk associated with it.

  5. Crop Cutting Experiment (CCE): After the application is submitted, the insurance company conducts a Crop Cutting Experiment (CCE) to assess the crop yield. This is done by randomly selecting a few fields and measuring the actual yield.

  6. Claim Settlement: In case of crop failure or damage, farmers need to inform the insurance company immediately. The company will send a representative to assess the damage and verify the claim. Once the claim is approved, the insurance company will provide the compensation to the farmer.

  7. Grievance Redressal: If farmers have any complaints or grievances regarding the PMFBY, they can raise them with the insurance company or approach the designated authorities for resolution.

It is important to note that the process may vary slightly depending on the state and insurance company. Farmers are advised to consult the official PMFBY website or contact the insurance company for detailed instructions and guidance.