Fasal Bima Yojana for Farmers

rajnath singh The government introduced Fasal Bima Yojana which may go a long way in preventing farmers suicides and make them happy. The farmers have to pay just two percent of the premium decided by the Insurance Companies during the Kharif season, under this scheme. The rest of the premium will be paid by the state and the central government. The premium from farmers for Rabi season is just 1.5 percent. But the premium is five percent for commercial and horticultural crops. This new crop insurance scheme will cover 9,720 lakh hectors of land in the country. The financial burden on the Centre for this scheme is Rs.8,800 crores. The farmers covered by this scheme need not worry in case of crop loss due to natural calamities, less yield or crop loss after harvest. The central government suggested to the states to amend their crop laws to apply this scheme to the tenants of land also.

Medaram Jathara

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