New Delhi, Feb 1: On Sunday, talking about the nation in the 16th edition of ‘Mann Ki Baat’, Prime Minister Narendra Modi requested the people to spread awareness about the ‘Pradhan Mantri Fasal Bima Yojana’. He said his government aimed at bringing 50% of the farmers under the ambit of the National Crop Insurance scheme.
Earlier last month, the Union Cabinet approved the ‘Pradhan Mantri Fasal Bima Yojana’ for farmers’ welfare. According to this new crop insurance scheme, there will be a consistent premium of only 2% to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops.
In the case of yearly marketable and horticultural crops, the premium to be paid by farmers will be only 5%. The premium rates that farmers need to pay are very low and remaining premium will be paid by the government to provide the full insured amount to the farmers against crop loss on account of natural calamities.