Pradhan Mantri Fasal Bima Yojana (PMFBY) introduced new initiatives including the ‘Sarathi’ portal, Krishi Rakshak portal, and a learning material system.
Details on the New initiatives under Pradhan Mantri Fasal Bima Yojana (PMFBY):
Sarathi (Sandbox for Agricultural and Rural Security, Technology and Insurance) Portal:
- It aims to provide comprehensive insurance products including PMFBY, tailored explicitly for farmers and rural population of India.
- It will offer digitized insurance that simplifies the process for farmers and offers user-friendly interfaces for stakeholders.
- The portal will be a single-window platform for viewing, purchasing, and availing insurance products.
- The platform will have digital payment options and streamlined premium collection, effortless claim initiation, tracking and resolution.
- It shall be covered in a phased manner with personal accident and hospital cash policies in first phase.
- The second phase covers health, shop and home insurance, while tractor, two-wheeler, livestock and non-PMFBY insurance products are in the third phase.
Krishi Rakshak Portal and Helpline:
- It was launched to strengthen grievance redressal mechanism of the PMFBY through helpline number 14447.
- The portal will operate as a facilitator, bridging gap between insured farmer and insurance companies, bankers, Common Service Centres (CSCs) and governments.
- Farmers can register their complaints either on portal or helpline, and forward to insurance companies for redressal.
- The Centre will be a mediator to ensure the farmers’ grievances are resolved.
Learning Material System:
- A learning material system about PMFBY, Modified Interest Subvention Scheme (MIIS) and Kisan Credit Card (KCC) was launched for stakeholders implementing these schemes.
- It was launched by Ministry of Agriculture in collaboration with the Ministry of Electronics and Information Technology (MeiTy).
- This system seeks to facilitate continuous learning, knowledge enhancement, and coordination among new and existing users of KCC and PMFBY portals.
About Pradhan Mantri Fasal Bima Yojana (PMFBY):
- It is an agricultural insurance scheme that aims to support agricultural production by providing affordable crop insurance.
- PMFBY offers financial support to farmers in case of crop loss due to natural calamities, pests, or diseases.
- It covers pre-sowing losses, post-harvest losses, and losses due to unseasonal rainfall.
- The maximum premium payable by the farmers is2% for all Kharif Food and oilseeds crops, 1.5% for Rabi Food & Oilseeds crops, and5% for Annual Commercial/Horticultural Crops.
- Farmers have to pay only 50% of the insurance premium, the rest is given as subsidy by the central and state governments.
Ref: Source
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