The new Crop Insurance Scheme is in line with One Nation – One Scheme theme. It incorporates the best features of all previous schemes and at the same time, all previous shortcomings / weaknesses have been removed. The PMFBY will replace the existing two schemes National Agricultural Insurance Scheme as well as the Modified NAIS.
Objectives
To provide insurance coverage and financial support to the farmers in the event of failure of any of the notified crop as a result of natural calamities, pests & diseases.
To stabilise the income of farmers to ensure their continuance in farming.
To encourage farmers to adopt innovative and modern agricultural practices.
To ensure flow of credit to the agriculture sector.
Highlights of the scheme
There will be a uniform premium of only 2% to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops. In case of annual commercial and horticultural crops, the premium to be paid by farmers will be only 5%. The premium rates to be paid by farmers are very low and balance premium will be paid by the Government to provide full insured amount to the farmers against crop loss on account of natural calamities.
There is no upper limit on Government subsidy. Even if balance premium is 90%, it will be borne by the Government.
Earlier, there was a provision of capping the premium rate which resulted in low claims being paid to farmers. This capping was done to limit Government outgo on the premium subsidy. This capping has now been removed and farmers will get claim against full sum insured without any reduction.
The use of technology will be encouraged to a great extent. Smart phones will be used to capture and upload data of crop cutting to reduce the delays in claim payment to farmers. Remote sensing will be used to reduce the number of crop cutting experiments.
PMFBY is a replacement scheme of NAIS / MNAIS, there will be exemption from Service Tax liability of all the services involved in the implementation of the scheme. It is estimated that the new scheme will ensure about 75-80 per cent of subsidy for the farmers in insurance premium.
Farmers to be covered
All farmers growing notified crops in a notified area during the season who have insurable interest in the crop are eligible.
To address the demand of farmers, the scheme has been made voluntary for all farmers from Kharif 2020.
Earlier to Kharif 2020, the enrollment under the scheme was compulsory for following categories of farmers:
Farmers in the notified area who possess a Crop Loan account/KCC account (called as Loanee Farmers) to whom credit limit is sanctioned/renewed for the notified crop during the crop season. and
Such other farmers whom the Government may decide to include from time to time.
Voluntary coverage : Voluntary coverage may be obtained by all farmers not covered above, including Crop KCC/Crop Loan Account holders whose credit limit is not renewed.
Risks covered under the scheme
Yield Losses (standing crops, on notified area basis). Comprehensive risk insurance is provided to cover yield losses due to non-preventable risks, such as Natural Fire and Lightning, Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane, Tornado. Risks due to Flood, Inundation and Landslide, Drought, Dry spells, Pests/ Diseases also will be covered.
In cases where majority of the insured farmers of a notified area, having intent to sow/plant and incurred expenditure for the purpose, are prevented from sowing/planting the insured crop due to adverse weather conditions, shall be eligible for indemnity claims upto a maximum of 25 per cent of the sum-insured.
In post-harvest losses, coverage will be available up to a maximum period of 14 days from harvesting for those crops which are kept in “cut & spread” condition to dry in the field.
For certain localized problems, Loss / damage resulting from occurrence of identified localized risks like hailstorm, landslide, and Inundation affecting isolated farms in the notified area would also be covered.
Unit of Insurance
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.
Defined Area (i.e., unit area of insurance) is Village/Village Panchayat level by whatsoever name these areas may be called for major crops and for other crops it may be a unit of size above the level of Village/Village Panchayat. In due course of time, the Unit of Insurance can be a Geo-Fenced/Geo-mapped region having homogenous Risk Profile for the notified crop.
For Risks of Localised calamities and Post-Harvest losses on account of defined peril, the Unit of Insurance for loss assessment shall be the affected insured field of the individual farmer.
Calendar of activity
Activity
Kharif
Rabi
Loaning period (loan sanctioned) for Loanee farmers covered on Compulsory basis.
April to July
October to December
Cut-off date for receipt of Proposals of farmers (loanee & non-loanee).
To calculate the insurance premium payable, click here
How to report crop loss and claim insurance
The farmer can report crop loss within 72 hours of occurrence of any event through the Crop Insurance App, CSC Centre or the nearest agriculture officer. Claim benefit is then provided electronically into the bank accounts of eligible farmer.
Revised operational guidelines for Pradhan Mantri Fasal Bima Yojna (PMFBY)
Government has modified operational guidelines for Pradhan Mantri Fasal Bima Yojna (PMFBY) which is being implemented from 1st of October, 2018.
New provisions in the operational guidelines of PMFBY
Provision of Penalties/ Incentives for States, Insurance Companies (ICs) and Banks i.e. 12% interest rate to be paid by the Insurance Company to farmers for delay in settlement claims beyond two months of prescribed cut off date. Similarly, State Govt. have to pay 12% interest rate for delay in release of State share of Subsidy beyond three months of prescribed cut off date/submission of requisition by Insurance Companies.
Detailed SOP for Performance evaluation of ICs and their de-empanelment
Inclusion of Perennial horticultural crops (on pilot basis) under the ambit of PMFBY. (OGs of PMFBY envisages coverage of food and Oilseed crops and Annul Commercial & Horticultural crops)
Inclusion of hailstorms in post harvest losses, besides unseasonal and cyclonic rainfalls
Inclusion of cloud burst and natural fire in localized calamities in addition to hailstorm, landslide, and inundation.
Add on coverage for crop loss due to attack of wild animals on pilot basis with the additional financial liabilities of this provision to be borne by concerned state Govt.
Mandatory capturing of Adhaar number – This would help in de-duplication
Target for Coverage to ICs especially of Non loanee farmers (10% incremental).
Definition of Major Crops, Unseasonal rainfall and Inundation incorporated for clarity and proper coverage
Rationalization of premium release process: Release of Upfront premium subsidy based on 50% of 80% of total share of subsidy of corresponding season of previous year as GOI/State subsidy at the beginning of the season- Companies need not provide any projections for the advance subsidy. Second Installment – balance premium based on approved business statistics on Portal for settlement of claims and final installment after reconciliation of entire coverage data on portal based on final business statistics on portal.
States allowed to take decision for inclusion of crops having high premium for calculation of L1 calculation and for notification.
Rationalization of methodology for calculation of TY
Moving average of best 5 out of 7 years for calculation of claim amount.
Settlement of claims (Prevented sowing/ on account for Mid season adversity / Localized Claims) without waiting for Second installment of final subsidy.
Yield based claims to be settled on the basis of subsidy provided on provisional business data.
Separate Budget Allocation for Administrative expenses (atleast 2% of budget of scheme).
Broad Activity wise seasonality discipline containing defined timelines for all major activities to streamlines the process of coverage, submission of yield data and early settlement of claims.
District wise crop wise crop calendar (for major crops) to decide cutoff date for enrolment.
Increased time for change of crop name for insurance – upto 2 days prior to cutoff date for enrolment instead of earlier provision of 1 month before cutoff date.
More time to insured farmer to intimate individual claims – 72 hours (instead of 48 hours) through any stakeholders and directly on portal.
Timeline for declaration of prevented sowing •
Detailed SOP for dispute redressal regarding yield data/crop loss.
Detailed SOP for claims estimation w.r.t. Add on products i.e. Mid season adversity, prevented/failed sowing, post harvest loss and localized claims
Detailed SOP for Area Correction factor
Detailed SOP for Multi picking crops.
Detailed plan for publicity and awareness- earmarked expenditure-0.5% of Gross premium per company per season
Use of RST in clustering/Risk classification.
Penalties/ Incentives for States, ICs and Banks
Performance evaluation of ICs and their de-empanelment.
Comparison with previous schemes
Sl.No
Feature
NAIS[1999]
MNAIS[2010]
PM Crop Insurance Scheme
1
Premium rate
Low
High
Lower than even NAIS (Govt to contribute 5 times that of farmer)
2
One Season – One Premium
Yes
No
Yes
3
Insurance Amount cover
Full
Capped
Full
4
On Account Payment
No
Yes
Yes
5
Localised Risk coverage
No
Hail storm, Land slide
Hail storm, Land slide, Inundation
6
Post Harvest Losses coverage
No
Coastal areas – for cyclonic rain
All India – for cyclonic + unseasonal rain
7
Prevented Sowing coverage
No
Yes
Yes
8
Use of Technology (for quicker settlement of claims)
No
Intended
Mandatory
9
Awareness
No
No
Yes (target to double coverage to 50%)
For complete information about the scheme, click here.
Weather Based Crop Insurance aims to mitigate the hardship of the insured farmers against the likelihood of financial loss on account of anticipated crop loss resulting from incidence of adverse conditions of weather parameters like rainfall, temperature, frost, humidity etc.
Crops covered
Major Food crops (Cereals, Millets & Pulses) & Oilseeds
Commercial / Horticultural crops
Farmers covered
All farmers including sharecroppers and tenant farmers growing the notified crops in the notified areas are eligible for coverage. However, farmers should have insurable interest on the insured crop. The non-loanee farmers are required to submit necessary documentary evidence of land records and / or applicable contract / agreements details (in case of sharecroppers / tenant farmers).
All farmers availing Seasonal Agricultural Operations (SAO) loans from Financial Institutions (i.e. loanee farmers) for the crop(s) notified are covered on compulsory basis.
The Scheme is optional for the non-loanee farmers. They can choose between WBCIS and PMFBY, and also the insurance company.
Perils covered
Following major weather perils, which are deemed to cause “Adverse Weather Incidence”, leading to crop loss, shall be covered under the scheme.
Temperature – High temperature (heat), Low temperature
Wind Speed
A combination of the above
Hailstorms, cloud-burst may also be covered as Add-on/Index-Plus products for those farmers who have already taken normal coverage under WBCIS.
The perils listed above are only indicative and not exhaustive, any addition deletion may be considered by insurance companies based on availability of relevant data.
Risk period (i.e. Insurance Period)
Risk period would ideally be from sowing period to maturity of the crop. Risk period depending on the duration of the crop and weather parameters chosen, could vary with individual crop and reference unit area and would be notified by SLCCCI before the commencement of risk period.
Premium rates
The revised premium rates payable by the cultivator for different crops are as follows:
S.No
CROPS
Maximum Insurance charges payable by farmer (% of Sum Insured)
Season – Rabi and Kharif – Annual Commercial / Annual Horticultural crops
5% of SI or Actuarial rate, whichever is less
The ‘net premium payable in case of the insured loanee cultivator is financed by the Lending Bank.
Insurance companies participating in WBCIS
The public sector and private sector General Insurance Companies empanelled by the Department of Agriculture & Cooperation (DAC) and Farmers Welfare, Government of India and selected by concerned State Government / Union Territory (UT) implement WBCIS.
FAQs on WBCIS
Weather based Crop Insurance Scheme (WBCIS) is a unique Weather based Insurance Product designed to provide insurance protection against losses in crop yield resulting from adverse weather incidences. It provides payout against adverse rainfall incidence (both deficit & excess) during Kharif and adverse incidence in weather parameters like frost, heat, relative humidity, un-seasonal rainfall etc. during Rabi. It is not Yield guarantee insurance.
Comparison between National Agricultural Insurance Scheme (NAIS) and Weather Based Crop Insurance Scheme (WBCIS)
S.No
National Agricultural Insurance Scheme (NAIS)
Weather Based Crop Insurance Scheme (WBCIS)
1
Practically all risks covered (drought, excess rainfall, flood, hail, pest infestation,etc.)
Parametric weather related risks like rainfall, frost, heat (temperature),humidity etc.) are covered. However, these parametric weather parameters appear to account for majority of crop losses
2
Easy-to-design if historical yield data upto 10 years’ is available
Technical challenges in designing weather indices and also correlating weather indices with yield losses. Needs upto 25 years’ historical weather data
3
High basis risk [difference between the yield of the Area (Block / Tehsil) and the individual farmers]
Basis risk with regard to weather could be high for rainfall and moderate for others like frost, heat, humidity etc.
4
Objectivity and transparency is relatively less
Objectivity and transparency is relatively high
5
Quality losses are beyond consideration
Quality losses to some extent gets reflected through weather index
6
High loss assessment costs (crop cutting experiments)
No loss assessment costs
7
Delays in claims settlement
Faster claims settlement
8
Government’s financial liabilities are open ended, as it supports the claims subsidy
Government’s financial liabilities could be budgeted up-front and close ended, as it supports the premium subsidy.
How does Weather Based Crop Insurance Scheme (WBCIS) operate?
Weather based Crop Insurance Scheme (WBCIS) operates on the concept of “Area Approach” i.e., for the purposes of compensation, a ‘Reference Unit Area (RUA)’ shall be deemed to be a homogeneous unit of Insurance. This RUA shall be notified before the commencement of the season by the State Government and all the insured cultivators of a particular insured crop in that Area will be deemed to be on par in the assessment of claims. Each RUA is linked to a Reference Weather Station (RWS), on the basis of which current weather data and the claims would be processed. Adverse Weather Incidences, if any during the current season would entitle the insured a payout, subject to the weather triggers defined in the ‘Payout Structure’ and the terms & conditions of the Scheme.
The “Area Approach” is as opposed to “Individual Approach”, where claim assessment is made for every individual insured farmer who has suffered a loss.
Weather based Crop Insurance Scheme (WBCIS) provides protection to the insured cultivators in the event of loss in crops yields resulting from the adverse weather incidences, like un-seasonal/excess rainfall, heat (temperature), frost, relative humidity etc. Triggers are broadly fixed so as to capture the adverse incidence of weather parameters on crop yield.
Claims arise when there is a certain adverse deviation in Actual Weather Parameter Incidence in RUA (as per the weather data measured at RWS), i.e.,e.g. its “Actual temperature” within the time period specified in the Benefit Table is either less or more compared to the specified “ temperature Trigger”, leading to crop losses. In such case, subject to the terms and conditions of the Scheme, all insured cultivators under a particular crop shall be deemed to have suffered the same “adverse deviation” in temperature and become eligible for claims.
Weather experience (rainfall in particular) on a particular day could be different even in smaller geographical area, but, in a span of a fortnight, month or season it evens out. RWS at Block / Tehsil level, by and large, reflects the weather experience of individual cultivators within a RUA.
Unified Package Insurance Scheme (UPIS) aims at providing financial protection to citizens associated in agriculture sector, thereby ensuring food security, crop diversification and enhancing growth and competitiveness of agriculture sector besides protecting farmers from financial risks. The UPIS will be implemented in 45 selected districts on Pilot basis from Kharif 2016 season.
The cover will be for one full year except for Crop Insurance (which will be bi-annual separately for Kharif and Rabi seasons) renewable from year to year. The Loanee farmers will be covered through Banks/Financial Institutions whereas nonloanee farmer shall be covered through banks and/or insurance intermediaries.
Suitability
This policy is designed to take care of the insurance needs of farmers associated with agriculture activities. This policy provides yield based crop insurance to the farmer based on his ownership rights of land and sown crop.
It covers both the personal assets of the farmer like the dwelling & its contents (Fire), the other assets which help him in earning his livelihood such as Agricultural Pump Sets, and Agriculture Tractor owned by farmer.
The policy also provides protection to farmer and his/her family members in case of the Accidental Death / Disablement, accidental insurance protection of farmer’s school/college going children and provisioning of education fee to the students in case of death of parent.
Life insurance protection to the farmer and his/her family members.
The policy will be issued for a period up to 1 year.
Salient Features and Benefits
The farmers package policy will be underwritten by the General Insurance Companies empanelled by Department of Agriculture, Cooperation and Farmers Welfare under crop insurance programmes and/or designated by this Department or through General Insurance Companies having tie-up with concerned Financial Institution/Banks for non-crop sections of the policy.
The policy contains 7 Sections. Crop Insurance is mandatory. However, farmers have to choose at least two other sections also to avail the applicable subsidy under crop insurance section.
In case of crop insurance, applicable Farmer’s share of premium ranging between 1.5% to 5% based on their insured crops is payable by farmer & in case Actuarial premium is more, the Government will provide subsidy equivalent to the difference between Actuarial premium and premium paid by farmer. The crop insurance is based on area approach whereas all other sections are on individual basis.
If the farmers already availed any insurance policy of similar nature and sum insured not less than as mentioned in the policy than they would be exempted from taking such section(s). However details of such policy would be provided in their proposal form.
The rates above are indicative & subject to the concurrence of the insurers.
Sum Insured and premium rates are provisionally taken and may change according to the risk(s).
The above premium rates are without service tax which is likely to be exempted.
If the farmer has already availed any insurance policy covering any of sections and sum insured not less than as mentioned in the UPIS then they would be exempted from taking such section(s). However details of such policy would be provided in their proposal form.
The farmers are required to fill up and sign the proposal cum declaration form giving all the required details in the relevant sections which they wish to avail. Such filled and signed proposal form shall be submitted along with the premium to the bank/intermediary/insurance company who will issue a stamped/signed receipt for the same. The proposal form is mandatory for both loanee and non loanee farmers.
After accepting the proposal forms from farmers, banks shall provide unique reference number to such proposal forms. Acknowledgement shall be provided by banks to the farmers. Such acknowledgements shall have the same unique reference number which is given to proposal forms.
No change in the particulars furnished in the proposal form will be admissible unless specifically agreed in writing by insurance company.
The Bank will continue to have existing tie-up with the same insurance companies except for PMFBY. If the existing tied up company does not agree with the term and conditions of UPIS (Section 2 to 7), then implementing crop insurance company will arrange insurance for other sections.
Sections covered under the Policy
Crop Insurance: PMFBY/WBCIS/ – State can choose any of these two.
Building and Contents Insurance (Fire and allied perils)
Personal Accident Insurance – Coverage as per Pradhan Mantri Suraksha Bima Yojana
Agriculture Pumpset Insurance (Upto 10 Horse Power) – The Insurance covers the Centrifugal pump sets (electrical and diesel) up to 10 Horsepower capacity which is used for agricultural purposes only.
Agricultural Tractors Insurance – As per the provisions, terms, exceptions, conditions, and endorsements as per standard Motor Policy.
Student Safety Insurance – Covers accidental death or disability of students. In case of death of Father or Mother, the Claim amount to be converted into Fixed Deposit in the name of the student till attainment of adulthood.
Life Insurance – as per Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY).
(Coverage as per Pradhan Mantri Suraksha Bima Yojana – PMSBY)
Details of Scheme: The scheme will be a one year cover, renewable from year to year, Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident. There will be no change in the existing relationship structure of Bank-insurance company which was established for PMSBY and here also the premium will be submitted to the insurance company with which bank is already tied up. If the farmer has already availed this section in the form of PMSBY, he/she need not to choose this section again.However, he/she is required to provide the detail of the policy which will be captured in proposal cum declaration form under PMFBY.
Scope of coverage: All farmers eligible for crop insurance under PMFBY/WBCIS in the age 18 to 70 years will be entitled to join. In case of multiple saving bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme through one savings bank account only. Aadhar would be the primary KYC for the bank account.
Benefits: As per the following table:
Table of Benefits (anyone will be applicable)
Sum Insured
a.
Death
Rs. 2 Lakh
b.
Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot
Rs. 2 Lakh
c.
Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot
Rs. 1 Lakh
Premium: Rs.12/- per annum per member. The premium will be deducted from the account holder’s savings bank account through ‘auto debit’ facility in one installment with in the cut off dates as mentioned under PMFBY.
Master Policy Holder: As mentioned in PMSBY, Participating Bank will be the Master policy holder on behalf of the participating subscribers.
Termination of cover: The accident cover for the member shall terminate on any of the following events and no benefit will be payable there under:
On attaining age 70 years (age nearest birthday).
At the time of renewal, closure of account with the Bank or insufficiency of balance to keep the insurance in force.
In case a member is covered through more than one account and premium is received by the Insurance Company inadvertently, insurance cover will be restricted to one only and the premium shall be liable to be forfeited.
If the insurance cover is ceased due to any technical reasons such as insufficient balance on due date for renewal or due to any administrative issues, the same can be reinstated on receipt of full annual premium, subject to conditions that may be laid down. During this period, the risk cover will be suspended and reinstatement of risk cover will be at the sole discretion of Insurance Company.
Section – 3: Life Insurance
Benefits:
Death Cover: Rs. 2,00,000 per member
To be provided by Life Insurance Companies
Eligibility: The savings bank account holder of the participating banks aged between 18 years (completed) and 50 years (age nearer birthday) and who have given the consent to join the scheme during the ‘enrollment period’ are eligible to join the scheme.
Admission of Age: Age as recorded by the Bank as per the Age Proof submitted by the Savings Bank Account holder.
Evidence of Health: Satisfactory evidence of health as required by the insurance company shall be furnished by every eligible member, at the time of his entry into the Scheme, after the ‘Enrollment Period’, as incorporated in the “Consent-cum- Declaration Form” for joining the scheme.
Premium: Premium to be deducted from member’s SB Account. The premium is Rs.330/- plus Service Tax (if payable). Renewal premium is chargeable as per the rate decided from time to time on Annual Renewal dates.
Enrollment Modality / Period: For new enrolments, the cover shall be provided for one year period starting from the date of enrolment or 1st June, whichever is later and the cover will end on next 31st May under PMFBY. New entrants into the eligible category from year to year or currently eligible individuals who did not join earlier shall be able to join in future years while the scheme is continuing.
If the farmer has already availed this section in the form of PMJJY, he/she need not to choose this section again. However, he/she is required to provide the detail of the policy which will be captured in proposal cum declaration form under PMFBY .
Assurance: An assurance of Rs.2,00,000/- on death of the insured member is payable to the Nominee.
Benefit on Death prior to Terminal Date: Upon the death of the Member prior to Terminal Date, the sum assured under the Assurance shall be payable to the nominated Beneficiary, provided the assurance is kept in force by payment of premium for that member.
Termination of Assurance: The Assurance on the life of a Member shall terminate on an Annual Renewal Date upon happening of any of the following events and no benefit will become payable thereunder:-
On attaining age 55 years (age nearest birthday) on annual renewal date.
Closure of account with the Bank or insufficiency of balance to keep the insurance in force.
Suspension of Risk: If the insurance cover is ceased due to any technical reasons such as insufficient balance for payment of premium on due date of renewal, the same can be reinstated after the grace period on receipt of premium and a satisfactory statement of good health.
Section 4: Building and Contents Insurance (Fire & Allied Perils)
The indemnity under this section is based on fixed sum Insured basis (maximum liability of the insurer will be sum insured or actual loss whichever is less)
The Company will indemnify the Insured in respect of loss of or damage to the Buildings/Contents whilst contained in the insured premises by:
Fire, Lighting, Explosion of gas in domestic appliances.
Bursting and overflowing of water tanks, apparatus or pipes.
Aircraft or articles dropped therefrom,
Riot, Strike, or Malicious damage.
Earthquake, (Fire and / or Shock) Subsidence and Landslide (including Rockslide)damage .
Flood, inundation, storm, tempest, typhoon, hurricane, Tornado or Cyclone.
Impact damage.
Bush Fire.
Enrollment of Farmers: The farmers shall provide the basic details of their home and dwellings in the proposal form. It shall include complete address of the house. The Sum insured has been capped at Rs.50,000 for building and Rs.20,000 for contents.
Claim process methodology:
In case of damage due to above mentioned perils, farmers shall intimate the concerned insurance company via phone or in writing within 72 hours. For intimation, farmers may choose to intimate directly to insurance company or through financial institutions/same intermediary channel vide which they have availed insurance. It is necessary to share unique reference number of proposal cum declaration form while intimating the claims.No repair/reinstatement to be carried out until loss assessment procedure is completed.
The claim is admissible only if the premium is paid with in the cut off dates as mentioned in section 1 of PMFBY/WBCIS.
Farmer will extend full co-operation to the surveyor appointed by the insurance company and provide necessary documents to substantiate the loss. A claim form issued by the company is also to be submitted.
Basis of claim settlement would be market value of the property on the date of loss.Insurance company gets the survey done of the site within 3 days of intimation. The farmer will submit the claim forms and other relevant documents to surveyor/ insurance company within 10 days of date of survey. Claims would be paid on assessment basis only within 20 days of survey and submission of all required documents. Payment would be done in the farmer’s bank account directly through NEFT.
Special Exclusions:
The Company shall not be liable in respect of:
Loss or damage by burglary and / or housebreaking or theft where any member of the insured’s family is concerned as principal or accessory .
Loss of or damage to articles of consumable nature.
Loss of or damage to money, securities, stamps, stamp collections, bullion, livestock,motor vehicles and pedal cycles.
Loss of or damage to deeds, bonds, bills of exchange, promissory notes, shares and stock certificates, business books, manuscripts, documents of any kind, unset precious stones and Jewelry and Valuable.
Wilful act or gross negligence of the Insured or his representatives.
The Insurance covers the Centrifugal pump sets (electrical and diesel) upto 10 Horsepower capacity which are used for agricultural purposes only.
Scope of Cover:
Fire & lightning.
Burglary (due to violent forcible entry provided the pump set is kept in a locked enclosure).
Mechanical / electrical breakdown.
Riot, Strike, malicious damage
Enrollment of Farmers:The farmers shall provide the electrical and mechanical specifications of the pump set in the proposal form. It shall include complete details of the pump set such as serial number, make, model and specifications. The Sum insured has been capped to Rs.25,000. Agriculture pump sets of age upto 7 year can be covered under this section.
Claim process methodology:
In case of damage due to above mentioned perils, farmers shall intimate the concerned insurance company via phone or in writing within 72 hours giving an indication as to the nature and extent of loss or damage. For intimation, farmers may choose to intimate directly to insurance company or through financial institutions/same intermediary channel vide which they have availed insurance. No repair/reinstatement to be carried out until loss assessment procedure is completed.
The claim is admissible only if the premium is paid with in the cut off dates as mentioned in section 1 of PMFBY/WBCIS.
Farmer will extend full co-operation to the surveyor appointed by the insurance company and provide necessary documents to substantiate the loss. A claim form issued by the company is also to be submitted.
Preserve the damaged or defective parts and make them available for inspection by an Official or Surveyor of the Company.
Insurance company gets the survey done of the site within 3 days of intimation. The farmer will submit the claim forms and other relevant documents to surveyor/insurance company within 10 days of date of survey. Claims would be paid on assessment basis only within 20 days of survey and submission of all required documents. Payment would be done in the farmer’s bank account directly through NEFT.
Claims for repair of pump set will be on reinstatement value basis. The claim for total loss of pump will be on market value basis.
In case of burglary claims, FIR should be lodged immediately and its copy may be made available to the surveyor.
The liability of the Company under this Section in respect of any item of property sustaining damage for which indemnity is provided, shall cease if the same item is kept in operation without being repaired to the satisfaction of the Company.
Note: Submersible Pumps will be added in the cover subsequently
Special Exclusion to Agricultural Pump set Insurance:
Normal wear & tear, gradual deterioration due to atmospheric condition or otherwise.
Wilful act or gross negligence of the Insured or his representatives.
Faults existing at the time of commencement of insurance and known to the Insured or his representative.
Loss or damage for which the manufacturer or supplier of pumpset is responsible either by law or under contract.
Cost of dismantling, transport to workshop and back as also cost of re-erection.
Loss due to floods
Section 6: Student Safety Insurance
Schedule of Benefits (for Parent/ Student): SI per student
Summary of Benefits
Contingency
Amount of Compensation
Part A. Accidental death
Rs. 50000 (parent/student)
Part B. Permanent total disablement
Rs. 50000 (student)
Part C. Loss of one limb/Eye
Rs. 25000 (student)
Part D. Accidental hospitalization
Rs. 5000 (student)
In case of death of Father or Mother, the Claim amount to be converted into Fixed deposit in the name of student till attainment of 18 year of age.
Part A
If at any time during the currency of this policy the parent / guardian/ student named in the schedule shall sustain any bodily injury resulting solely and directly from accident caused by external violent and visible means and if such injury shall within six calendar months of the occurrence be the sole and direct cause of death or total and irrecoverable loss of two limbs or two eyes or 100% Permanent Total Disablement (permanently totally and absolutely disable the parent /guardian from engaging in any employment or occupation of any description whatsoever) then the company shall pay to the insured Student or parent / guardian as the case may be the capital sum insured stated in the schedule.
Part B
If at any time during the currency of this policy the insured Student shall sustain any bodily injury resulting solely and directly from accident caused by external violent and visible means and if such injury shall within six calendar months of the occurrence be the sole and direct cause of death or total and irrecoverable loss of two limbs or two eyes or 100% Permanent Total Disablement (permanently totally and absolutely disable the insured student from engaging in any employment or occupation of any description whatsoever) then the company shall pay to the parent / guardian or insured Student as the case may be the capital sum insured stated in the schedule of benefits.
Part C
If at any time during the currency of this policy the insured Student shall sustain any bodily injury resulting solely and directly from accident caused by external violent and visible means resulting into irrecoverable loss of one limb or one eye, then the company shall pay to the parent / guardian or insured Student as the case may be 50% of the capital sum insured stated in the schedule of benefits. However, if such injury shall within six calendar months of the occurrence be the sole and direct cause of death, remaining 50% of the capital sum insured shall be payable to the parents/guardian as the case may be.
In case of death of both student and the parent / guardian named in the schedule of the policy resulting solely and directly from same accident caused by outward, violent and visible means, within six calendar months of its occurrence then the company shall pay the legal heir of the parent / guardian sums stated in the schedule.
Part D
Subject to the terms, conditions & exclusions the Company undertakes that if during the period stated in the Policy any insured student sustains any bodily injury through accident, and takes treatment at any Nursing Home/Hospital in India as an inpatient, the Company will pay to the Insured Person such expenses as are reasonably and necessarily incurred subject to the limits prescribed but not exceeding the Sum Insured during the period of insurance stated against that person in the policy upon submission of supporting documents with bills.
Age Limit: Students: 5-25 years, parents: 18-70 years
Exclusions
1. Payment of compensation in respect of death or injury as a direct consequence of:
Committing or attempting suicide or intentional self-injury.
Being under the influence of intoxicating liquor or drugs.
Engaging in aviation other than travelling as a bonafide passenger in any duly licensed standard type of aircraft anywhere in the world.
Pregnancy or child birth.
Veneral disease or insanity.
Contracting any illness directly or indirectly arising from or attributable to HIV and/or any HIV related illness including AIDS and/or any mutant derivative or variation of HIV or AIDS.
2. Committing any breach of law with criminal intent.
Documents required for settlement of claims:
Claim Form
Doctor’s report, prescriptions and certificate confirming the nature and degree of disability
Police Report and Postmortem Report in case of accidental death
Bills, Receipts and Prescriptions of Doctor for reimbursement hospitalization expenses
Medical Practitioner’s Certificate
Section 7: Agricultural Tractor Insurance
This section will be provided as per the provisions, terms, exceptions, conditions and endorsements of standard Motor Insurance Policy related to Agriculture tractor and trailers
Covers the insured against loss or damage to the Agriculture Tractor by fire, explosion, self-ignition or lightning, burglary, housebreaking, theft, riot and strike, earthquake, fire and shock,inundation, typhoon, hurricane, storm, tempest, cyclone, hailstorm, frost,landslide/rockslides by accidental external means, malicious act, terrorism activity while in transit by road, rail, inland waterway. Also provides coverage against death or permanent disablement of the driver, due to an accident while driving the Tractor insured during any one policy period.
Subject to a deduction for depreciation at the rates mentioned below in respect of parts replaced:
For all rubber/nylon/plastic parts, tyres, tubes, batteries and air bags – 50%
For fibre glass components – 30%
For all parts made of glass – Nil
Rate of depreciation for all other parts including wooden parts will be as per the schedule.
Age wise Sum Insured and Premium: (the rates are subject to change as per IRDAI regulations and the below table is for illustration purpose only):
Sr. No
Age of tractor
Sum Insured(Rs.)
Premium amount (Own damage premium rate@1.3%) TP for Tractor: Rs.2730 (as per motor tariff subject to change as per IRDA regulations) TP for Trailer: Rs.1238 (as per motor tariff subject to change as per IRDA regulations)
Premium amount (Own damage premium rate@1.3%) TP for Tractor: Rs.2730 (as per motor tariff subject to change as per IRDA regulations) TP for Trailer: Rs.1238 (as per motor tariff subject to change as per IRDA regulations)
Premium amount (Own damage premium rate@1.3%) TP for Tractor: Rs.2730 (as per motor tariff subject to change as per IRDA regulations) TP for Trailer: Rs.1238 (as per motor tariff subject to change as per IRDA regulations)
Premium amount (Own damage premium rate@1.3%) TP for Tractor: Rs.2730 (as per motor tariff subject to change as per IRDA regulations) TP for Trailer: Rs.1238 (as per motor tariff subject to change as per IRDA regulations)
Comprehensive (Without trailer)(Rs.) (ST-Extra)
Comprehensive (with trailer)(Rs.) (ST Extra)
TP Only (Without trailer)(Rs.) (ST Extra)
TP Only (With trailer) (Rs.)(ST Extra)
1
Less than 1 year
500000
9230
10468
2730
3968
2
Exceeding 1 year – not exceeding 2 year
400000
7930
9168
2730
3968
3
Exceeding 2 year – not exceeding 3 year
350000
7280
8518
2730
3968
4
Exceeding 3 year – not exceeding 4 year
300000
6630
7868
2730
3968
5
Exceeding 4 year – not exceeding 5 year
250000
5980
7218
2730
3968
6
Exceeding 5 year – not exceeding 6 year
150000
4680
5918
2730
3968
7
Exceeding 6 year – not exceeding 7 year
100000
4030
5268
2730
3968
8
Exceeding 7 years- upto 10 years
50000
3380
4618
2730
3968
Please note that applicable service tax will be applied to above mentioned premium amounts.
Legal Liability to Third Parties: – Compensates for death/ bodily injury to third parties in the event of tractor being involved in an accident as per M.V. Act, 1988.
Enrollment of farmers: A farmer can opt for comprehensive cover or Third Party cover only. In case of comprehensive cover, it is important to inspect the vehicle before insurance. Post receipt of satisfactory inspection report of tractor, an Own damage cover will be provided.Comprehensive cover for Agriculture tractors of age up to 10 year and power up to 45 HP can be provided while there will not be any age limit for third party cover.
For comprehensive cover, a farmer will submit his existing policy and registration certificate to avail the benefit of no claim bonus. However for Third Party cover, only Registration certificate is needed. Banks will take special care to submit previous insurance policy and/or registration certificate to insurance companies while submitting the proposal cum declaration form. In case of break in the existing policy under comprehensive cover, insurance company will arrange for a pre insurance inspection. The coverage can be provided only after satisfactory inspection report.
For tractor trailers, farmers have to declare the same in the proposal form and only Third party cover can be offered. It will have separate premium amount in addition to the premium paid for tractor. Only one trailer can be covered.
Separate Certificate of Insurance for this section only will be provided by insurance companies.
Claim process methodology:
In case of damage due to above mentioned perils, farmers shall intimate the concerned insurance company via phone or in writing within 48 hours giving an indication as to the nature and extent of loss or damage. For intimation, farmers may choose to intimate directly to insurance company or through financial institutions/same intermediary channel vide which they have availed insurance. No repair/reinstatement to be carried out until loss assessment procedure is completed.
The claim is admissible only if the premium is paid with in the cut off dates as mentioned in section 1 of PMFBY/WBCIS.
Farmer will extend full co-operation to the surveyor appointed by the insurance company and provide necessary documents to substantiate the loss. A claim form issued by the company is also to be submitted.
Preserve the damaged or defective parts and make them available for inspection by an Official or Surveyor of the Company.
Basis of claim settlement under OD claim would be market value of the vehicle on the date of loss. Insurance company gets the survey done of the site within 3 days of intimation. The farmer will submit the claim forms and other relevant documents to surveyor/insurance company within 15 days of date of survey. Claims would be paid on assessment basis only within 30 days of survey and submission of all required documents. Payment would be done in the farmer’s bank account directly through NEFT.
In case of burglary claims, FIR should be lodged immediately and its copy may be made available to the surveyor.
Policy Exclusions:
Any accidental loss or damage and/or liability caused sustained or incurred outside the geographical area.
Any claim arising out of any contractual liability.
Any accidental loss or damage and/or liability caused sustained or incurred whilst the vehicle insured herein is
Being used otherwise than in accordance with the Limitations of Use (tractor as well as trailer can only be used for agriculture purpose)
Being driven by or is for the purpose of being driven by him/her in the charge of any person other than a Driver as stated in the Driver’s Clause.
Losses such as
Any accidental loss or damage to any property whatsoever or any loss or expense whatsoever resulting or arising there from or any consequential loss.
Any liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from ionizing radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel.For the purposes of this exception combustion shall include any self-sustaining process of nuclear fission. Any accidental loss damage or liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material.
Any accidental loss or damage/liability directly or indirectly or proximately or remotely occasioned by, contributed to by or traceable to or arising out of or in connection with war, invasion, the act of foreign enemies, hostilities or war like operations (whether before or after declaration of war), civil war, mutiny, rebellion, military or usurped power or by any direct or indirect consequences of any of the said occurrences and in the event of any claim here under the insured shall prove that the accidental loss damage and/or liability arose independently of and was in no way connected with or occasioned by or contributed to by or traceable to any of the said occurrences or any consequences thereof and in default of such proof, the Company shall not be liable to make any payment in respect of such a claim.
General Exclusions:
The Company shall not be liable in respect of:
Loss or damage, liability or expenses whether directly or indirectly, occasioned by happening through or arising from any consequences of war, invasion, act of foreign enemy, hostilities (whether war be declared or not) civil war, rebellion,revolution, insurrection, mutiny,military, or usurped power or civil commotion or loot or pillage in connection herewith.
Loss or damage caused by depreciation or wear and tear
Consequential loss of any kind or description.
Loss or damage directly or indirectly caused by or arising from or in consequence of or contributed to by nuclear weapons material.
This Insurance does not cover loss or damage directly or indirectly caused by or arising from or in consequence of or contributed to by ionising radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. For the purpose of Condition 4 (b) only combustion shall include any self-sustaining process of nuclear fission.
The Livestock Insurance Scheme, a centrally sponsored scheme was implemented on a pilot basis during 2005-06 and 2006-07 of the 10th Five Year Plan and 2007-08 of the 11th Five Year Plan in 100 selected districts. The scheme was later implemented on a regular basis from 2008-09 in 100 newly selected districts of the country.
The scheme was later subsumed as a component titled Risk Management and Insurance under the sub-mission on livestock development of the National Livestock mission.
The component aims at management of risk and uncertainties by providing protection mechanism to the farmers against any eventual loss of their animals due to death and to demonstrate the benefit of the insurance of livestock to the people.
Coverage
The scheme is implemented in all the districts of the Country from 21.05.2014.
Animals covered
The indigenous / crossbred milch animals, pack animals (Horses, Donkey, Mules, Camels, Ponies and Cattle/Buffalo Male) , and Other Livestock (Goat, Sheep, Pigs, Rabbit, Yak and Mithun etc.) are covered under the purview of this component.
Central assistance
Benefit of subsidy is to be restricted to 5 animals per beneficiary per household for all animals except sheep, goat, pig and rabbit. In case of sheep, goat, pig and rabbit the benefit of subsidy is to be restricted based on “Cattle Unit” and one cattle unit is equal to 10 animals i.e a total of 50 animals. If a beneficiary has less than 5 animals / 1 Cattle Unit, s/he can also avail the benefit of subsidy.
Component
Pattern of assistance
Premium ratesPremium rates for one year policy inNormal Areas – 3.0% NER / Hill areas / LWEaffected areas -3.5%, Difficult areas – 4.0 %
Normal areas Central share 25%, State share 25% and Beneficiary share 50% for APL, and Central share 40%, State share 30%, and Beneficiary share 30% for BPL / SC / ST
Premium rates for three year policy inNormal Areas –7.5%, NER / Hill areas / LWEaffected areas – 9.0%Difficult areas – 10.5 %
NER / Hill areas / LWE affected areasCentral share 35%, State share 25% and Beneficiary sh are 40% for APL, and Central share 50%, State share 30%, and Beneficiary share 20% for BPL / SC / ST
Difficult AreasCentral share 45%, State share 25% and Beneficiary share 30% for APL, and Central share 60%, State share 30%, and Beneficiary share 10% for BPL / SC / ST
Process
An animal will be insured for its current market price. The market price of the animal to be insured w ill be assessed jointly by the beneficiary and the insurance company preferably in the presence of the Veterinary officer or the BDO. The minimum value of animal should be assessed by taking Rs.3000 per liter per day yield of milk or as per the price prevailing in the local market (declared by Government) for cow and Rs.4000 per liter per day yield of milk or as prevailing in the local market (declared by Government) for buffalo. The market price of pack animals (Horses, Donkey, Mules, Camels, Ponies and Cattle/Buff. Male) and Other livestock (Goat, Sheep, Pigs, Rabbit, Yak and Mithun) are to be assessed by negotiation jointly by owner of animal and by insurance company in the presence of veterinarians Doctor. In case of dispute the price fixation would be settled by the Gram Panchayat / BDO.
The animal insured will have to be properly and unique ly identified at the time of insurance claim. The ear tagging should, therefore, be full proof as far as possible. The traditional method of ear tagging or the recent technology of fixing microchips could be used at the time of taking the policy. The cost of fixing the identification mark will be borne by the Insurance Companies and responsibility of its maintenance will lie on the concerned beneficiaries. The nature and quality of tagging materials will be mutually agreed by the beneficiaries and the Insurance Company. The Veterinary Practitioners may guide the beneficiaries about the need and importance of the tags fixed for settlement of their claim so that they take proper care for maintenance of the tags. The tag already available on animal may be utilized with unique identity number subject to the condition that it is mutually agreed by farmer and agency and there shall not be any dispute in settlement of claims on account of utilization of existing tag.
While processing an insurance proposal, one photograph of the animal with the Owner and one photograph of the animal clearly with the EAR TAG visible shall be taken at the time of processing the insurance documentation. In case of sale of the animal or otherwise transfer of animal from one owner to other, before expiry of the Insurance Policy, the authority of beneficiary for the remaining period of policy will have to be transferred to the new owner.
Only four documents would be required by insurance companies for settling the claims viz. intimation with the Insurance Company, Insurance Policy paper, Claim Form and Postmortem Report. In case of claim becoming due, the payment of insured amount should be made within 15 days positively after submission of requisite documents. If an Insurance company fails to settle the claim within 15 days of submission of documents, the insurance company will be liable to pay, a penalty of 12% compound interest per annum to the beneficiary.
The Union Cabinet in July 2020 has approved a new pan India Central Sector Scheme called Agriculture Infrastructure Fund. The scheme shall provide a medium – long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and financial support.
The duration of the Scheme shall be from FY2020 to FY2029 (10 years).
Under the scheme, Rs. One Lakh Crore will be provided by banks and financial institutions as loans to Primary Agricultural Credit Societies (PACS), Marketing Cooperative Societies, Farmer Producers Organizations (FPOs), Self Help Group (SHG), Farmers, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs, Startups, Aggregation Infrastructure Providers and Central/State agency or Local Body sponsored Public Private Partnership Project.
Benefits
All loans under this financing facility will have an interest subvention of 3% per annum up to a limit of Rs. 2 crores. This subvention will be available for a maximum period of seven years.
Further, credit guarantee coverage will be available for eligible borrowers from this financing facility under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme for a loan up to Rs. 2 crores. The fee for this coverage will be paid by the Government.
In the case of FPOs, the credit guarantee may be availed from the facility created under the FPO promotion scheme of the Department of Agriculture, Cooperation & Farmers Welfare (DACFW).
The moratorium for repayment under this financing facility may vary subject to a minimum of 6 months and a maximum of 2 years.
To view the complete scheme guidelines, click here.
Loan facility is available through a large network of Commercial Banks, Regional Rural Banks and Cooperative Credit Institutions in the country to fulfill the crop loan and term loan needs of the farmers.
Crop loan upto Rs.3 lakhs at 7% rate of interest. This interest rate becomes 4% due to 3% interest subvention incentives provided to those farmers who repay crop loan on time. No need of collateral security for farm loan up to Rs 1.6 lakh
2
Kisan Credit Card
Farmers can avail crop loan through Kisan Credit Card. Loan /credit limit is fixed on the basis of crop sown and area under cultivation. Kisan Credit Cards are valid for 3-5 years. Farmers are also provided risk coverage in the event of accidental death/ disability. Crop coverage loans are covered under the Crop Insurance Scheme.
3
Investment Loan
Loan facility to the farmers is available for investment purposes in the areas viz. Irrigation, Agricultural Mechanization, Land Development, Plantation, Horticulture and Post-Harvest Management
How to apply
Contact your nearest bank to access the scheme.
Crop insurance schemes
Crop insurance schemes
Crop insurance schemes in India
Four insurance schemes are being implemented namely by the government to support farmers.
Pradhan Mantri Fasal Bima Yojana (PMFBY)
Weather-based Crop Insurance Scheme (WBCIS)
Coconut Palm insurance scheme (CPIS) and
Pilot Unified Package insurance scheme UPIS) (45 districts).
Coverage under PMFBY/WBCIS/CPIS/UPIS is compulsory, if you avail crop loan for notified crops. Coverage is voluntary for non-loanee farmers.
Benefits
.No.
Scheme
Assistance
1
Pradhan Mantri Fasal Bima Yojana
Insurance protection for food crops, oilseeds and annual horticultural/commercial crops notified by state government.Uniform maximum premium for all farmers:Kharif season – 2% of sum insured.Rabi Season 1.5% of sum insured.Annual commercial/horticultural crops – 5% of sum insuredThe difference between actual premium and the rate of Insurance payable by farmers shall be shared equally by the Centre and State.Claims of full Sum Insured (SI), without capping or reduction in SI.If the sowing is not done due to adverse weather/climate, claims upto 25% of sum insured will be paid for prevented sowing/planting risk.When the crop yield is less than the guaranteed yield of notified crops,the claim payment equal to shortfall in yield is payable to all insured farmers.If 50% loss in mid season of crop then on account advance payment, upto 25% of likely claims will be paid as immediate relief.Losses caused due to inundation, hail storm and landslide would be assessed at individual farm level.Post harvest losses assessment for damage to crops in cut and spread in the field up to 14 days on account of cyclonic rain and unseasonal rain in the entire country.Use of remote sensing Technology and drones to supplement Crop cutting experiments for faster settlement of claims.Implementing agency will be selected by the State Government through bid.
Insurance protection for notified food crops, oilseeds and horticultural /commercial cropsUniform maximum premium for all farmers like PMFBY :Kharif season – 2% of sum insured.Rabi Season 1.5% of sum insured.Commercial/horticultural crops 5% of sum insured.The difference between actual premium and the rate of Insurance payable by farmers shall be shared equally by the Centre and State.When the Weather indices (rainfall/temperature/relative humidity/wind speed etc) is different (less/ higher) from the Guaranteed Weather Index of notified crops, the claim payment equal to deviation/shortfall is payable to all insured farmers of notified area.Provision for assessment of losses caused by hailstorm and cloud burst at individual farm level.Implementing agency will be selected by the State Government through bid.
3
Coconut Palm Insurance Scheme (CPIS)
Insurance protection for Coconut Palm growers.Premium rate per palm ranges from Rs. 9.00 (in the plant age group of 4 to 15 years) to Rs. 14.00 (in the plant age group of 16-60 years).50-75% subsidy of premium is provided to all types of farmers.When the palm damaged, the claim payment equal to input cost loss damage is payable to the insured in notified areas.
To provide financial protection and comprehensive risk coverage of crops, assets, life and student safety to farmers.Pilot will include 7 section Viz.., – Crop Insurance (PMFBY / WBCIS), Loss of life (Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY)), Accident Insurance (Pradhan Mantri Suraksha Bima Yojana – PMSBY) , Student safety, Household, Agriculture implements and Tractor.Crop insurance will be compulsory. However farmers can choose atleast 2 sections from remaining.Farmers may be able to get all requisite insurance products for farmers through one simple proposal/ application Form and through single window.Two flagship schemes of the Government viz PMSBY & PMJJBY have been included apart from insurance of assets.Pilot scheme will be implemented through single window.Processing of claims (other than Crop Insurance) on the basis of individual claim report.
Whom to Contact ?
Nearest branches of Bank/ PACS/Cooperative Banks/ Empanelled General Insurance Companies notified for the area and District Agriculture Officer/Block Development Officer may be contacted or visit web portal Crop Insurance portal
KCC for animal husbandry and fisheries
KCC for animal husbandry and fisheries
Objective
To provide adequate and timely credit support under a single window to the farmers for activities related to Animal Husbandry and Fisheries
Eligibility
Farmers, Dairy/Poultry farmers, Fishers, Fish Farmers either individual or joint borrower, Joint Liability Groups or Self Help Groups including tenant farmers, who are rearing dairy animals/ sheep/ goats/ pigs/ poultry/ birds/ rabbit and having owned/ rented/ leased sheds/ who own or lease registered fishing vessel/boat, possess necessary fishing license/ permission for fishing in estuary and sea, fish farming/ mariculture activities in estuaries and open sea and any other State specific fisheries and allied activities.
Loan amount
Farmers who already have KCC based on their land ownership, can get their KCC credit limit enhanced, though interest subvention shall be available only to the extent of Rs 3 lakhs.
Although the general limit for KCC credit without collateral remains Rs. 1.6 lakh, but the case of farmers whose milk is directly procured by Milk Unions falls under tie up arrangements between the producers and processing units without any intermediaries, and hence the credit limits without Collateral can be upto Rs.3 lakh.
Interest subvention for the KCC loan
KCC holders will get the benefits of interest subvention and prompt repayment incentive up to the credit limit of Rs 3 lakh for Animal Husbandry activities. lnterest subvention will be available for Animal Husbandry farmers @ 2% per annum at the time of disbursed of loan and another @ 3% per annum in case of prompt repayment as prompt repayment incentive.
Whom to contact
Contact your nearest bank branch
Interest subvention for the dairy sector
Interest subvention for the dairy sector
Objective of the scheme
To offset the economic impact of Covid-19 on Dairy Sector, Ministry of Fisheries, Animal Husbandry and Dairying has introduced a new scheme “Interest subvention on Working Capital Loans for Dairy sector” for Supporting Dairy Cooperatives and Farmer Producer Organizations engaged in dairy activities (SDC&FPO). The scheme will be implemented through National Dairy Development Board (NDDB), Anand
Period of implementation
The scheme is to be implemented during 2020-21.
Eligible beneficiaries
Dairy Cooperatives and Farmer owned milk producer companies
Benefits
In order to meet the working Capital needs of the Cooperatives and Farmer owned milk producer companies, Interest subvention will be given on working capital loan taken from scheduled Commercial Banks/R.R.Bs/Cooperative Banks/Financial Institutions between 1st April 2020 and 31st March 2021 by Cooperatives/FPOs for conversion of milk into conserved commodities and other milk products.
The scheme has made provisions for providing interest subvention of 2% per annum, with an additional incentive of 2% per annum interest subvention to be given in case of prompt and timely repayment/interest servicing.
Whom to contact
Please contact your nearest bank or NDDB for more details.
The Centrally Sponsored ‘National Scheme of Welfare of Fishermen’ envisaging to provide financial assistance to fishers for construction of house among other things. For housing, the State Governments may ensure equitable distribution of houses among all villages in proportion to the number of eligible fishermen, as far as possible. The plinth area and cost of construction of a house would be limited to 35 Sq. mts and Rs 40,000/- respectively. The ceiling on land and cost of construction indicate the upper limit. The State Government may plan and ensure optimizing the use of available resources so that more number of houses could be built within the budgeted amount.
Benefits to the Citizens
Fishermen who are in the marine and inland sector are entitled for the benefits under the scheme. Land for the development of these resources will be provided by the respective Union Territories (UTs) and States. Subject to the type of amenity that is being provided, the State and Central Government share the cost of providing these amenities.
Eligibility
The States should keep the following criteria in view while selecting beneficiaries for allotment of houses under the scheme:-
The beneficiary should be an active fisherman identified by the State Government.
Preference should be given to fishermen below poverty line and to landless fishermen.
Fishermen owning land or kutcha structure may also be considered for allotment of houses under the scheme.
How to apply
The scheme is to be implemented by the respective States and Union Territories (UT’s).
Whom to contact
Contact the Department of Animal Husbandaries, Dairying and Fisheries of the respective state.
Government has launched the Pradhan Mantri Kisan Maan DhanYojana (PM-KMY) on 12.9.2019 with a view to provide social security to Small and Marginal Farmers in their old age when they have no means of livelihood and minimal or no savings to take care of their expenses.
Benefits
Under this scheme, a minimum fixed pension of Rs.3,000/- is provided to the small and marginal farmers, subject to certain exclusion criteria, on attaining the age of 60 years. It is a voluntary and contributory pension scheme. The eligible farmer is required to contribute to a Pension Fund between Rs.55 to Rs.200 per month depending on the entry age. The Central Government also contributes in equal amount to the Pension Fund.
Eligibility
Small and Marginal Farmer (SMF) – a farmer who owns cultivable land upto 2 hectare as per land records of the concerned State/UT.
Age of 18- 40 years
Farmers who are not eligible for the scheme
The following categories of farmers have been brought under the exclusion criteria:
SMFs covered under any other statuary social security schemes such as National Pension Scheme (NPS), Employees’ State Insurance Corporation scheme, Employees’ Fund Organization Scheme etc.
Farmers who have opted for Pradhan Mantri Shram Yogi Maan Dhan Yojana (PM-SYM) administered by the Ministry of Labour & Employment
Farmers who have opted for Pradhan Mantri Laghu Vyapari Maan-dhan Yojana (PM-LVM) administered by the Ministry of Labour & Employment
Further, the following categories of beneficiaries of higher economic status shall not be eligible for benefits under the scheme:
All Institutional Land holders; and
Former and present holders of constitutional posts
Former and present Ministers/ State Ministers and former/present Members of Lok Sabha/ Rajya Sabha/ State Legislative Assemblies/ State Legislative Councils,former and present Mayors of Municipal Corporations, former and present Chairpersons of District Panchayats.
All serving or retired officers and employees of Central/ State Government Ministries/ Offices/Departments and theirfield units,Central or State PSEs and Attached offices/ Autonomous Institutions under Government as well as regular employees of the Local Bodies (Excluding Multi Tasking Staff / Class IV/Group D employees)
All Persons who paid Income Tax in last assessment year.
Professionals like Doctors, Engineers, Lawyers, Chartered Accountants, and Architects registered with Professional bodies and carrying out profession by undertaking practice.
How to apply
The enrollment to the Scheme can be done through self registration online or through the Common Service Centres in various states. The enrollment is free of cost.
For self enrollment through online registration, click here
For enrollment through Common Service Centre
Farmers can visit their nearest Common Service Centres (CSCs) for registration. The Common Service Centres will charge Rs.30/- per enrolment which will be borne by the Government.
Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a new Central Sector Scheme to provide income support to all landholding farmers’ families in the country to supplement their financial needs for procuring various inputs related to agriculture and allied activities as well as domestic needs.
Eligibility
All land holding eligible farmer families (subject to the prevalent exclusion criteria) are to avail of the benefits under this scheme.
The following categories of beneficiaries of higher economic status shall not be eligible for benefit under the scheme.
All Institutional Land holders.
Farmer families in which one or more of its members belong to following categories
Former and present holders of constitutional posts
Former and present Ministers/ State Ministers and former/present Members of LokSabha/ RajyaSabha/ State Legislative Assemblies/ State Legislative Councils,former and present Mayors of Municipal Corporations, former and present Chairpersons of District Panchayats.
All serving or retired officers and employees of Central/ State Government Ministries /Offices/Departments and its field units Central or State PSEs and Attached offices /Autonomous Institutions under Government as well as regular employees of the Local Bodies (Excluding Multi Tasking Staff /Class IV/Group D employees)
All superannuated/retired pensioners whose monthly pension is Rs.10,000/-or more (Excluding Multi Tasking Staff / Class IV/Group D employees) of above category
All Persons who paid Income Tax in last assessment year
Professionals like Doctors, Engineers, Lawyers, Chartered Accountants, and Architects registered with Professional bodies and carrying out profession by undertaking practices.
Benefits
Under the PM-KISAN scheme, all landholding farmers’ families shall be provided the financial benefit of Rs. 6000 per annum per family payable in three equal installments of Rs. 2000 each, every four months.
How to apply
The eligible farmers may apply with the village Patwaris, revenue officials or other designated officers / agencies and submit their required details to them.
Farmers can also do their self-registration through the Farmers Corner in the PM KISAN portal. To check the status of the registration, click here.
Details required for registration include Name, Age, Gender, Category(SC/ST), Aadhaar Number (in case Aadhaar Number has not been issued then Aadhaar Enrollment Number together with any other prescribed documents for purposes of the identification such as Driving Licence, Voters’ ID Card, NREGA Job Card, or any other identification documents issued by Central/State/UT Governments or their authorities,etc.), Bank Account Number and the Mobile Number of the beneficiaries.
Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) was launched on 1st July 2015 with the motto of ‘Har Khet ko Pani’ for providing end to end solutions in irrigation supply chain, viz., water resources, distribution network, farm level applications and improving water use efficiency. Micro irrigation (MI) is being popularized to ensure ‘Per Drop – More Crop’ (PDMC).
Benefits
S.No
Types of Assistance
Quantum of Assistance
Schemes
Assistance for soil management
1
Water Carrying Pipes
@ 50% of the cost limited to Rs. 50/- per meter from HDPE pipes, Rs. 35 per meter for PVC pipes and Rs. 20/- per meter for HDPE laminated oven lay flat tubes with maximum ceiling of Rs. 15,000 per farmer/beneficiary for water carrying pipes
National Food SecurityMission (Oil Seed & Oil Palm)
2
Drip Irrigation System for Oil Palm
As per the specification of PMKSY guidelines
-do-
3
Plastic/RCC based water harvesting structure/ farm pond /construction of community tank (100 meter x 100 meter x 3 meter)For smaller size ponds/tanks, cost will be admissible on pro rata basis, depending upon command area,depending upon command area
Rs. 20 lakhs per unit in plain areas; and Rs. 25.00 lakhs per unit in hilly areas with 500 micron plastic lining/RCC lining, for 10-hectare command area
NHM/HMNEH Sub schemes under MIDH
4
Water Storage in Farm Pond/ Dug well (Measuring 20 meter x 20 meter x 3 meter) by individual.For smaller size ponds/dug wells, cost will be admissible on pro rata basis
Rs. 1.50 lakhs per beneficiary for plain areas & Rs. 1.80 lakhs/beneficiary for hilly areas with 300 micron plastic lining/RCC lining, for 2-hectare command area
NHM/HMNEH Sub schemes under MIDH
5
Sprinkler Set for pulses,wheat & Nutri-Cereals
Rs. 10,000/ha. or 50% of the cost whichever is less.
National Food Security Mission (NFSM)
6
(a) Creation of borewell at Oil Palm farm (b) Water Harvesting Structures/ponds
Assistance as per NMSA quideline i.e. 50% of the cost limited to Rs. 25,000/- per borewell/tube well subject to condition that these are not installed in critical, semi-critical and over exploited ground water zones. 50% of the cost (Construction cost Rs. 125/- per cubic meter for plain and Rs. 150/- per cubic meter for hilly areas) limited to Rs. 75,000/- for plane areas and Rs. 90,000/- for hilly areas including lining
National Food SecurityMission (Oil Seed & Oil Palm)
7
Pump-sets(up to 10 HP) forRice, Wheat & Pulses
Rs. 10,000/- per pump-set or 50 % of thecost whichever is less.
NFSM
8
Construction of dug well / Bore Well
100% of cost limited to Rs. 30,000/-
BGREI
9
Mobile rain gun for Pulses only
Rs. 15,000/- per mobile rain gun or 50 %of the cost whichever is less.
50% of cost (Construction cost Rs.125/- for plain and Rs.150/- per cu m for hilly areas) limited to Rs.75,000/-, for plain areas and Rs.90,000/- for hilly areas including lining.For smaller size of the ponds/dug wells, cost admissible on pro rata basis. Cost for non-lined ponds/tanks will be 30% less.
RAD component ofNMSA
1.1b
Lining of Tanks/ Ponds constructed under MNREGA/WSDP etc.
50% cost of plastic/RCC lining limited to Rs.25,000/- per pond/tank/well.
do
1.2
Water Harvesting System for communities: Construction of Community tanks / on-farm ponds/check dams/reservoirs with use of plastic/RCC lining on public land.
100% of the cost limited to Rs.20 lakhs/unit in plain areas, Rs.25 lakhs/unit in hilly areas, for 10 ha of command area or any other smaller size on pro rata basis depending upon the command areas. Cost for non-lined ponds/tanks will be 30% less.
do
1.3
Construction of Tube Wells / Bore Wells (Shallow/Medium)
50% of the total cost of installation limited to Rs.25,000/- per unit.
do
1.4
Restoration/Renovation of small tanks
50% of the cost of renovation limited to Rs.15,000/- per unit
do
1.5
Pipe/pre-cast Distribution System
50% of the cost of system limited to Rs.10,000/- per ha with assistance up to a maximum of 4 ha per beneficiary or group.
do
1.6
Water lifting Devices (Electric, Diesel, Wind/Solar)
50% of the cost of installation limited to Rs.15,000/- per electric/diesel unit and Rs.50,000/- per solar/wind unit.
do
1.7
Construction of secondary storage structures with poly lining, protective fence at feasible locations
50% of the cost limited to Rs 100 / cu.m. of storage capacity. Maximum permissible assistance restricted to Rs. 2 lakh per beneficiary.
RAD component ofNMSA
1.8
Construction of Brick masonry / concrete secondary storage structures (Diggie) with protective fence
50% of the cost limited to Rs 350 / cu.m. of storage capacity. Maximum permissible assistance restricted to Rs. 2 lakh per beneficiary.
do
2
Drip Irrigation
Financial assistance up to 55% for small & marginal farmers and 45% for other farmers.Indicative cost of drip Irrigation system ranges from Rs. 21643 to Rs. 112237 per hectare depending upon the spacing of drip lateral pipes and land size.Maximum permissible assistance will be restricted to 5 hectare per beneficiary.
Per Drop More Crop component of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)
3.
Sprinkler Irrigation
Financial assistance up to 55% for small & marginal farmers and 45% for other farmers.Indicative cost of sprinkler irrigation system ranges from Rs. 19542 to Rs. 94028 per hectare depending upon the spacing of sprinkler pipes, type of sprinkler system and land size.Maximum permissible assistance will be restricted to 5 hectare per beneficiary.
-do-
Whom to Contact ?
District Agriculture Officer / District Soil Conservation Officer / Project Director, ATMA/ District Horticulture Officer.
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