Pradhan Mantri Fasal Bima Yojana: Benefits, Eligibility
The loss of income to the farmers and the loss of crops or food to the nation has often sparked debates about the need for crop insurance schemes. In light of these, the National Agricultural Insurance Scheme was introduced in 1999 and modified later.
However, these schemes did not entirely solve the various
issues that sprang up in the analysis, determination and payment of premiums
for such insurance. This motivated the government to launch the Pradhan Mantri
Fasal Bima Yojana (PMFBY).
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