The government is running many types of schemes to help the farmers in the country. One of the major schemes among these schemes is Pradhan Mantri Fasal Bima Yojana, with the help of which farmers get compensation for crop damage. Under this, government subsidy is also given to recover from crop loss.
Under this scheme, the premium of insurance cover on Rabi crops is 1.5% and about 50% subsidy is given to help in recovery from crop damage. If we talk about Kharif crops, the premium for insurance cover is 2% and for horticulture crops, the premium for insurance cover is 5%.
Notably, the government started Crop Insurance Week on December 1. You can also get your Rabi crops insured under this scheme. Let us tell you that through the Prime Minister Crop Insurance Scheme, crop damage caused due to drought, flood, hailstorm, cyclone, insect and disease outbreaks etc. is compensated. To apply for the scheme, visit the official website of PM Fasal Bima Yojana.
Source: Krishi Jagran
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