PMFBY: Pradhan Mantri Fasal Bima Yojana launched in Bengal; find out why it is crucial for farmers and how to apply..

Prime Minister Narendra Modi visited West Bengal on June 20. During this visit, he released the 23rd installment of the PM-Kisan scheme and inaugurated several development projects from Tarakeswar in the Hooghly district. Additionally, he launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) in West Bengal. The introduction of this crop insurance scheme will greatly benefit the state's farmers, offering compensation for crop losses caused by drought, floods, and hailstorms.

**PM Fasal Bima Yojana Launched in West Bengal**
The Pradhan Mantri Fasal Bima Yojana (PMFBY) has been launched in West Bengal, benefiting approximately 50 lakh (5 million) farmers in the state. Its primary objective is to provide financial security to farmers by compensating them for crop losses resulting from natural disasters such as drought, floods, hailstorms, and pest infestations.

**Scheme Launched by PM Modi**
While releasing the 23rd installment of PM-Kisan, Prime Minister Narendra Modi launched another scheme for the farmers of Bengal. The PM Fasal Bima Yojana is now operational in West Bengal. Farmers here can now insure their crops and receive compensation in the event of natural disasters.

**Benefits of PM Fasal Bima Yojana**
*   **Financial Security:** Farmers often suffer heavy financial losses when crops are damaged by adverse weather or natural disasters; this scheme provides compensation for such losses.
*   **Coverage at Low Premiums:** Farmers are required to pay only a nominal premium—1.5% for Rabi crops, 2% for Kharif crops, and 5% for cash or horticultural crops. The remaining premium amount is jointly covered by the central and state governments.
*   **Income Stability:** This ensures stable income for farmers, allowing them to continue farming in the next season without falling into debt.

**How ​​to Apply?**
*   Visit the scheme's official website, the PMFBY Portal.
*   Go to the 'Farmer Corner' and log in using your mobile number and OTP.
*   Fill in the form with details such as your name, address, farm particulars, and bank account number.
*   Upload scanned copies of the required documents, pay the applicable premium, and submit the form. Alternatively, you can apply by visiting your nearest Agriculture Department office, bank, or Common Service Centre (CSC).

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