india employmentnews

Fasal Bima Yojana: This government scheme completely compensates the losses of the farmers, click to know the details.


The central government implements various schemes to provide various types of assistance to farmers across the country. Farmers face significant challenges when their standing crops are destroyed due to natural disasters. After months of hard work and investment, if their crops fail, many farmers are unable to repay the loans and even commit suicide.

In response to such challenges, the government has launched the Pradhan Mantri Fasal Bima Yojana, which aims to compensate farmers for their losses. Under this scheme, farmers have to pay 50 percent of the premium, while the remaining 50 percent is covered by the government.

To apply for this scheme, farmers can visit their nearest bank or agriculture office, where they will be provided a form to fill out, which will require detailed information about their land and crops. Once the premium is paid, if the crop suffers any damage, the insurance will provide full compensation, making it a scheme to protect farmers from losses.

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