Home   »   Schemes and Committees Current Affairs 2023   »   Karnataka bags National Award For Fasal...

Karnataka bags National Award For Fasal Bima Yojana

Karnataka bags National Award For Fasal Bima Yojana_40.1

During a national conference in Chhattisgarh, Karnataka was recognized as the leading state in implementing the Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme. The award was accepted by Shivayogi Kalasad, the Secretary to the government, Department of Agriculture. As per officials from the agriculture department, a sum of Rs. 687.4 crore has been settled for 5.66 lakh farmers, who had pending claims since 2018.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

In Karnataka, the PMFBY scheme is being executed through a state-designed and developed portal called ‘Samrakshane’, created in collaboration with the National Informatics Centre (NIC). The enrollment of farmers for the PMFBY scheme was 16.15 lakh in 2021, which rose to 23.86 lakh in 2022, marking a 47.74% increase in enrollment compared to the previous year. The increase in enrollment was attributed to information, education, and communication (IEC) campaigns conducted across the state.

About the Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme:

The Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme is a crop insurance scheme launched by the Government of India in 2016 to provide comprehensive coverage to farmers for any loss/damage to crops due to natural calamities, pests or diseases. The scheme aims to ensure the financial stability of farmers and encourage them to adopt innovative and modern agricultural practices. The scheme is voluntary for farmers and provides a premium subsidy of up to 90% of the premium payable. It covers all food and oilseed crops and commercial and horticultural crops grown by farmers. The scheme is being implemented by the Ministry of Agriculture & Farmers’ Welfare, Government of India, in collaboration with state governments and private insurance companies.