Pradhan Mantri Fasal Bima Yojana

At least 4.14 lakh crop insurance claims submitted under Pradhan Mantri Fasal Bima Yojana (PMFBY) were found to be bogus by the Maharashtra Agriculture Department.

• Pradhan Mantri Fasal Bima Yojana (PMFBY) aims to provide financial support to farmers suffering from crop loss or damage, stabilize their income, and encourage modern agricultural practices.
• Ministry: Ministry of Agriculture and Farmers Welfare.
• Beneficiaries: All farmers, including sharecroppers and tenant farmers.
• Crops covered: Food crops (cereals, millets, etc.), oilseeds, and annual commercial/horticultural crops.
• Risks covered: Yield loss due to non-preventable risks (e.g., natural calamities, pests, diseases), post-harvest losses, and losses from localized calamities.