Maharashtra ₹1 Crop Insurance Scheme Application Process, Benefits

Natural calamities and climate change have caused agricultural loss, keeping an eye on, the Government of Maharashtra has introduced Maharashtra ₹1 Crop Insurance Scheme. The aim of the government to introduce this scheme, is to assist farmers who loss their crops due to natural calamities. To know more about the scheme continue to read the article to the end. To avail the benefit under the scheme, interested users can visit the official website at www.pmfby.gov.in. Further in this article we will provide you the detailed description about the scheme including Key Highlights, Objectives, Benefits & Features, Eligibility Criteria, Required Documents, Application Procedure under Maharashtra ₹1 Crop Insurance Scheme, etc.

About Maharashtra ₹1 Crop Insurance Scheme

Chief Minister of Maharashtra State Mr. Eknath Shinde has introduced Maharashtra ₹1 Crop Insurance Scheme to assist the farmers of the state who loss their crops due to natural calamities and climate change. Under this scheme the government will provide insurance policy at Rs. 1 to assist farmers. This initiative will benefit the small farmers who struggled with high insurance premiums. Deputy Chief Minister and Finance Minister Devendra Fadnavis said that 2% interest was charged earlier. Now, the government decided to provide crop insurance for just Rs. 1. Under this scheme the farmers has to pay an insurance premium for crop protection. In return for this, insurance companies and the central and state governments provide partial compensation if crops are damaged.

Key Highlights Of Maharashtra ₹1 Crop Insurance Scheme

Name of the Article	Maharashtra ₹1 Crop Insurance Scheme
Launched By	Chief Minister of Maharashtra State Mr. Eknath Shinde
Objectives	To assist farmers who loss their crops due to natural calamities
Beneficiary	Farmers of Maharashtra
Benefits	Will provide insurance policy at Rs. 1 to assist farmers
State	Maharashtra
Year	2024
Mode of Transfer	DBT (Direct Benefit Transfer)
Form of Benefit	Insurance scheme
Hosting Site	NIC (National Informatics Center)
Mode of Application	Online
Official Website	www.pmfby.gov.in

Objectives Of Maharashtra ₹1 Crop Insurance Scheme

The objectives of the scheme are as follows:

• The primary objective of launching the scheme is to assist farmers who loss their crops due to natural calamities.
• With this scheme, the state government of Maharashtra aims to reduce the burden on farmers.
• Last year, heavy crop losses occurred in Maharashtra due to unpredictable weather. Climate change has caused untimely rainfall, hailstorms, flooding and droughts. These circumstances destroy crops and put farmers in financial trouble so to solve this issue Maharashtra Government has introduced crop insurance at ₹1.

Benefits & Features Of Maharashtra ₹1 Crop Insurance Scheme

Here are some benefits & features of the scheme, which are as follows:

• Under this scheme the government will provide insurance policy at Rs. 1 to assist farmers.
• This initiative will benefit the small farmers who struggled with high insurance premiums.
• Deputy Chief Minister and Finance Minister Devendra Fadnavis said that 2% interest was charged earlier, now the government decided to provide crop insurance for just Rs. 1.
• Under this scheme the farmers has to pay an insurance premium for crop protection. In return for this, insurance companies and the central and state governments provide partial compensation if crops are damaged.
• Under the Pradhan Mantri Fasal Bima Yojana, the insurance premium for Rabi crops is 1.5%, for Kharif crops it is 2% and for horticulture crops, it is 5% which will reduce the burden on farmers.

Eligibility Criteria

To register under this scheme, candidates should fulfill these eligibility criteria:

• Applicants should be a permanent resident of Maharashtra State.
• Applicants must be a farmer by profession.

Required Documents

To avail the benefits under the Scheme, candidates should have these following documents:

• Aadhar Card
• PAN Card
• Bank Account Number
• Passport Size Photograph
• Mobile Number

Application Procedure Under Maharashtra ₹1 Crop Insurance Scheme

To apply under the scheme, candidates should follow the below mentioned steps:

• Visit the official website at pmfby.gov.in.

• On home page select the “Farmer Application” option, then select the “Guest Farmer” option.
• Enter the farmers details as asked in the form such as full name, passbook name, relationship, residential details, farmer ID, account details etc.
• After entering the Mobile number click on “Verify” button. Captcha code will appear on the screen. When you enter Captcha, click “Get OTP” button.
• After entering the OTP click on “Submit” option.
• Then in Farmer ID select ID type. After entering the Aadhaar number, click on “Verify” button.
• A notification indicating the success of the verification will appear on the screen.
• The bank account details must then be completed. Click “Yes” if you are aware of the bank’s IFSC code, otherwise click “No”.
• Then choose the state, branch, bank name and district. The IFSC code will immediately appear in front of the branch once it has been selected.
• Enter the bank account number which needs to be confirmed and discarded.
• After entering the Captcha Code provided below, click on “Create User” button.
• Information you have entered will be displayed on your screen. Carefully read it and then click “Next” button.
• Now you’ll see information on your bank accounts. You must select one of the accounts and then click on “Next” button.
• To enter information about the crop insurance programme and locality, the state is Maharashtra and the scheme name is Pradhan Mantri Fasal Bima Yojana, followed by the Kharif season and the year 2024.
• Crop details must be provided in the Land Details section. You should fill the information below by clicking on this circle.
• You must agree to mix cropping if you want to pay insurance for multiple crops, such as cotton, soybeans and mung beans. However, you have to say no to one crop in order to choose the one for which you would pay insurance.
• Choosing the sowing date comes next. After that, enter the account number and group number. Then select the “Verify” option.
• The amount of area that is in your name will then be displayed on the screen.
• Click the circle to discover if your area is already insured. Then click on “Submit” button.
• In the Insured territory section, you can specify how much territory you want to protect. As a result, the insurance amount is either greater or lesser.
• Furthermore, how much payment you must pay for that region will be displayed in farmer shares. No matter how much money is indicated here, you will only have to pay one rupee at the end of the transaction. Then click the “Next” option here.
• Now upload the files.
• Upload the photo of the bank passbook. Then upload the freshly formed digital signature’s 12th copy and 8-A copy ought to be uploaded as a single PDF file.
• The crop sowing declaration form needs to be uploaded in the last. Overall format is seen in the picture below. Such a letter should be composed on white paper and uploaded.
• After uploading all three photographs, click the upload option in front of each one and the confirmation message will appear.
• After clicking Next, information about the farmer, bank account and crop will appear. The amount of premium to pay will be displayed, now click on “SUBMIT” button.
• A message will be delivered to your phone. It includes information of your application number and sum insured.
• Now make the payment. Here you must make a payment of Rs. 1, you can make this payment with a debit card, internet banking, UPI or QR code.
• You will receive the farmer application receipt.
• You can obtain the crop insurance participation receipt by selecting the Print Policy Receipt option below.
• This is the application procedure to apply for crop insurance.

Contact Us

Address:

Department of Agriculture & Farmers Welfare, MoA & FW,

Krishi Bhawan,

Dr Rajendra Prasad Road,

New Delhi – 110001

FAQ’s