Prime Minister’s Crop Insurance Scheme offers an opportunity to benefit from ₹1 Crop Insurance

The government has introduced the Prime Minister’s Crop Insurance Scheme, allowing farmers to secure their crops for just ₹1 during the current Kharif season. This scheme, effective from the 2023-24 Kharif season until the 2025-26 Rabi season, aims to provide comprehensive coverage against crop losses due to natural calamities, pests, and diseases.

To provide insurance cover to farmers in case of crop loss due to unforeseen adverse conditions like natural calamities, pests and diseases. To maintain financial stability of farmers even in the most difficult situation of crop loss. The objectives of the scheme are to encourage the use of innovative and improved tillage technologies and inputs, to maintain continuity of credit to the agricultural sector, so as to protect farmers from production risks, diversification of food security crops and to achieve the objective of dynamic development and increase in competitiveness of the agricultural sector, etc.

Key Objectives:

• Encourage adoption of advanced farming techniques and inputs.
• Ensure financial stability for farmers in times of crop loss.
• Maintain continuity of credit to the agricultural sector.
• Safeguard farmers from production risks.
• Promote diversification of food security crops.
• Enhance competitiveness in agriculture.

Pay just 1 rupee to register:

In this scheme, farmers have to register on the crop insurance portal by paying only 1 rupee per application. After deducting the insurance premium of 1 rupee, the remaining difference will be paid through the state government as general insurance premium subsidy. The insurance company will accept liability up to 110 percent of the total accumulated insurance premium in the district group in a year. However, if the amount of crop insurance compensation payable in a year is more than 110 percent of the accumulated insurance premium, the State Government will accept the excess burden of 110 percent.

Scheme Features:

• Voluntary participation for specified crops and areas.
• Eligibility extended to farmers cultivating by lease or clan.
• Risk coverage set at 70% for all crops.
• Premium rates capped at 2% for Kharif, 1.5% for Rabi, and 5% for cash crops.
• Farmers need only pay ₹1 for registration on the crop insurance portal.
• Remaining premium subsidized by the state government.

Risk Coverage Includes:

• Losses due to adverse weather conditions, pests, diseases, and natural calamities.
• Post-harvest losses caused by natural events.

Crop-Specific Details for Pune District:

• Paddy, Jwari, Millet, Nachini, Tur, Moong, Udid, Groundnut, Soybean, and Onion covered.
• Sum insured and premium rates vary by crop and region.

For further details, farmers can contact toll-free number 14447. Local assistance is available from District Central Co-operative Bank branches, nationalized bank branches, CSC centres, District Superintendent Agriculture Officer, Sub Divisional Agriculture Officer, Taluka Agriculture Officer, and Agricultural Assistants.

This initiative not only safeguards farmers’ livelihoods but also strengthens the agricultural sector’s contribution to the state’s economy. By supporting crop diversification and food security initiatives, the scheme aligns with broader goals of sustainable development and economic growth in rural Maharashtra.

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