“In our country, a lot is said in the name of farmers. I don’t want to get involved in that debate. But farmers face a major crisis. In natural calamity, their entire effort goes waste. His one year goes waste. To give him security, only one thing comes to mind and that is crop insurance.”The Prime Minister Crop Insurance Scheme, which will be implemented from forthcoming Kharif season, allows farmers to insure their crops — foodgrains, oilseeds and pulses — at a minimum premium rate. Premium rate is the amount paid as an installment payment for an insurance policy.
The new scheme brings down the premium paid by farmers at a maximum of 2 per cent for foodgrains and oilseeds, and a maximum of 5 per cent for horticulture and annual commercial crops. The rest will be paid by the state and the central government, equally. It also cover post-harvest losses due to natural calamity and gives full insurance cover. “Not only this. If something happens to the crop within 15 days after harvest, even then the help is assured,” PM Modi said.
A letter to my hardworking farmer brothers and sisters, on the Pradhan Mantri Fasal Bima Yojana. pic.twitter.com/PdUQg5tBbO— Narendra Modi (@narendramodi) January 16, 2016
“Can we take a pledge that we should connect at least 50 per cent of the farmers to this scheme in two years? I need this help from you. Because if a farmer joins the scheme, he will get huge help during a natural calamity,”
Will you help me carry the message of crop insurance scheme to as many farmers? All you need is a mobile phone. pic.twitter.com/9XtzRPdiyH— Narendra Modi (@narendramodi) January 31, 2016