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The Pradhan Mantri fasal bima yojana (PMFBY) launched on 18 February 2016 by Prime Minister Narendra Modi is an insurance service for farmers for their yields. [1] It was formulated in line with One Nation–One Scheme theme by replacing earlier two schemes Agricultural insurance in India#National Agriculture Insurance Scheme and Modified National Agricultural Insurance Scheme by incorporating ...
Under the scheme, each state is required to reach the level Gram Panchayat as the unit of insurance in a maximum period of 3 years. Agriculture Insurance Corporation of India is implementing the scheme. This scheme is replaced by Pradhan Mantri Fasal Bima Yojana.
From Kharif 2016, the Govt. has launched a new Crop Insurance Scheme – Pradhan Mantri Fasal Bima Yojna (PMFBY). AIC is the leading Implementing Agency of this Scheme. Since inception, AIC is the leading crop insurer of the country and is the largest insurer in term of number of farmers insured in the world and presently the Market Leader with ...
Original form in 2010 as the Swavalamban Yojana. [72] A pension program that allows people to make voluntary contributions within a certain range with a matching government contribution to receive pension in the future. By September 2021, non-metros subscribers numbered 3,77,00,000. [73] PM Suraksha Bima Yojana (PMSBY, PM Safety Insurance ...
Pradhan Mantri Kisan Samman Nidhi (PMKSN) for minimum support scheme; Pradhan Mantri Krishi Sinchai Yojana (PMKSY) for irrigation; Paramparagat Krishi Vikas Yojana (PKVY) for organic farming; Pradhan Mantri Fasal Bima Yojana (PMFBY) for crop insurance
The Prime Minister's Farmer Income Protection Scheme (Hindi: प्रधानमंत्री अन्नदाता आय संरक्षण ...
The Pradhanmantri Kisan Maan Dhan Yojna is a pension scheme with Life Insurance Corporation of India as the pension fund manager. The beneficiary farmers will have to pay a monthly premium ranging from Rs.55 to Rs.200, depending upon their age of entry into the scheme and after reaching the age of 60 years they will be paid a monthly pension of ...
The company has strengthened and diversified its distribution network by forging partnerships with major banks. Reliance General Insurance is an active participant in various government crop insurance schemes, including the Pradhan Mantri Fasal Bima Yojna, and has insured over 3 million farmers under this financial inclusion initiative.