{"id":9001,"date":"2026-11-05T11:39:30","date_gmt":"2026-11-05T06:09:30","guid":{"rendered":"https:\/\/harisharandevgan.com\/blog\/?p=9001"},"modified":"2026-11-05T12:00:17","modified_gmt":"2026-11-05T06:30:17","slug":"crop-insurance","status":"publish","type":"post","link":"https:\/\/harisharandevgan.com\/blog\/crop-insurance\/","title":{"rendered":"What is Crop Insurance? Meaning, Importance, Benefits and Challenges"},"content":{"rendered":"<p><strong>Agriculture<\/strong> is one of the key sectors of the Indian economy and provides a livelihood for millions of farmers. It is at the mercy of the weather and natural resources. A drought, a flood, a cyclone, a pest attack, or a disease can all have a devastating effect on a crop and result in a major loss to the farmer. <strong>Crop insurance<\/strong> is a vital tool in protecting the farmer against such risks by providing them with some financial assistance in the event of crop damage.<\/p>\n<h3 style=\"text-align: center;\">What is Crop Insurance?<\/h3>\n<p><em><a title=\"What is Crop Insurance?\" href=\"https:\/\/harisharandevgan.com\/blog\/crop-insurance\/\"><strong>Crop insurance<\/strong><\/a> is a form of insurance that protects the farmer against loss of crops due to events beyond their control.<\/em> The farmer pays a premium to the insurer and, in return, is entitled to compensation if their crop is damaged by an event that is covered by the policy.<\/p>\n<p>It helps farmers to manage agricultural risk, reduce their financial burden, and maintain economic stability. It also enables farmers to continue farming without being overly concerned about the prospect of a bad crop.<\/p>\n<h3 style=\"text-align: center;\">Importance of Crop Insurance<\/h3>\n<p>Crop insurance is absolutely vital to the creation of a more secure and sustainable farming sector. You can see its importance in the following:<\/p>\n<ul>\n<li><strong>Protection Against Crop Losses<\/strong>: It provides financial support when crops are damaged by natural calamities, pests, or diseases covered under the policy.<\/li>\n<li><strong>Financial Stability<\/strong>: Compensation helps farmers manage their financial losses and meet essential household and agricultural expenses.<\/li>\n<li><strong>Encourages Agricultural Investment<\/strong>: Insurance coverage gives farmers greater confidence to invest in quality seeds, fertilizers, machinery, and modern farming techniques.<\/li>\n<li><strong>Reduces Debt Burden<\/strong>: Financial assistance can help farmers avoid borrowing excessive amounts of money after crop failures.<\/li>\n<li><strong>Supports Agricultural Growth<\/strong>: By reducing farming-related risks, crop insurance encourages farmers to continue cultivation and improve productivity.<\/li>\n<\/ul>\n<h3 style=\"text-align: center;\">Types of Risks Covered Under Crop Insurance<\/h3>\n<p>Depending on the insurance policy and scheme, crop insurance may cover several agricultural risks, including:<\/p>\n<ul>\n<li><strong>Natural Calamities<\/strong>: Droughts, floods, cyclones, landslides, and other natural disasters.<\/li>\n<li><strong>Pest and Disease Attacks<\/strong>: Crop damage caused by widespread pest infestations and diseases covered under the policy.<\/li>\n<li><strong>Prevented Sowing<\/strong>: Situations where farmers are unable to sow crops due to adverse weather conditions.<\/li>\n<li><strong>Post-Harvest Losses<\/strong>: Certain policies provide protection against specified losses after harvesting due to events such as unseasonal rainfall or cyclones.<\/li>\n<li><strong>Localised Calamities<\/strong>: Damage caused by specific local events, such as hailstorms, landslides and inundation, subject to policy conditions.<\/li>\n<\/ul>\n<h4 style=\"text-align: center;\">Major Crop Insurance Scheme in India<\/h4>\n<h4>Pradhan Mantri Fasal Bima Yojana (Pmfby)<\/h4>\n<p>The <strong>Pradhan Mantri Fasal Bima Yojana<\/strong> (<a title=\"Pradhan Mantri Fasal Bima Yojana\" href=\"https:\/\/www.google.com\/search?kgmid=\/g\/11h11d52sf\" target=\"_blank\" rel=\"nofollow noopener\">PMFBY<\/a>) was launched by the <strong>Government of India<\/strong> in 2016 to provide affordable crop insurance to farmers. The scheme aims to protect farmers against financial losses resulting from crop damage due to unforeseen natural events and other covered risks.<\/p>\n<p><strong>Some important features of PMFBY include:<\/strong><\/p>\n<ul>\n<li>It provides insurance coverage for notified food crops, oilseeds, and annual commercial and horticultural crops.<\/li>\n<li>The farmer&#8217;s premium contribution is generally 2% of the sum insured for Kharif food and oilseed crops, 1.5% for Rabi food and oilseed crops, and 5% for annual commercial and horticultural crops.<\/li>\n<li>The remaining actuarial premium is shared by the Central and State Governments, subject to applicable scheme provisions.<\/li>\n<li>It provides coverage for prevented sowing, standing crops, and certain post-harvest losses.<\/li>\n<li>It promotes the use of technology (remote sensing, mobile apps, etc.) to improve crop assessment and claim settlement.<\/li>\n<\/ul>\n<p>Participation by farmers is voluntary, and coverage is subject to the notified crops, areas, and operational guidelines of the scheme.<\/p>\n<h3 style=\"text-align: center;\">Benefits of Crop Insurance for Farmers<\/h3>\n<p>Crop insurance offers several benefits that contribute to the financial security of farmers.<\/p>\n<ul>\n<li><strong>Timely Financial Assistance<\/strong>: It helps eligible farmers recover financially after insured crop losses.<\/li>\n<li><strong>Income Protection<\/strong>: This helps to minimize the impact of unforeseen agricultural losses on the farmer&#8217;s income.<\/li>\n<li><strong>Improved Credit Access<\/strong>: Insurance can help the farmer retain his creditworthiness with lenders.<\/li>\n<li><strong>Risk Management<\/strong>: It helps farmers manage uncertainties associated with weather, natural disasters, and agricultural production.<\/li>\n<li><strong>Confidence in Farming<\/strong>: It provides farmers with greater confidence to adopt improved agricultural practices and invest in their farms.<\/li>\n<\/ul>\n<h3 style=\"text-align: center;\">Challenges Associated with Crop Insurance<\/h3>\n<p><strong>Crop insurance in India<\/strong> is beset by a number of problems. There are delays in claim settlement, lack of awareness among the farmers, problems in assessing the extent of crop damage, and inconsistencies in the way it is implemented in different parts of the country. There is also limited access to technology, and many farmers simply don&#8217;t understand the insurance policies and, as a result, are not able to take full advantage of them.<\/p>\n<p>Better awareness, a simpler claims process, stronger local assessment capability, and timely payment can all go a long way to making crop insurance work.<\/p>\n<p><strong>\t\t\t\t\t\t\t<h3 style=\"margin-bottom:20px;display:block;width:100%;margin-top:10px\">FAQs about Crop Insurance <\/h3>\r\n\t\t\t\t\t\t<style>\r\n\t\t\t\t<style>\r\n#wpsm_accordion_9004 .wpsm_panel-heading{\r\n\tpadding:0px !important;\r\n}\r\n#wpsm_accordion_9004 .wpsm_panel-title {\r\n\tmargin:0px !important; \r\n\ttext-transform:none !important;\r\n\tline-height: 1 !important;\r\n}\r\n#wpsm_accordion_9004 .wpsm_panel-title a{\r\n\ttext-decoration:none;\r\n\toverflow:hidden;\r\n\tdisplay:block;\r\n\tpadding:0px;\r\n\tfont-size: 18px !important;\r\n\tfont-family: Open Sans !important;\r\n\tcolor:#000000 !important;\r\n\tborder-bottom:0px !important;\r\n}\r\n\r\n#wpsm_accordion_9004 .wpsm_panel-title a:focus {\r\noutline: 0px !important;\r\n}\r\n\r\n#wpsm_accordion_9004 .wpsm_panel-title a:hover, #wpsm_accordion_9004 .wpsm_panel-title a:focus {\r\n\tcolor:#000000 !important;\r\n}\r\n#wpsm_accordion_9004 .acc-a{\r\n\tcolor: #000000 !important;\r\n\tbackground-color:#e8e8e8 !important;\r\n\tborder-color: #ddd;\r\n}\r\n#wpsm_accordion_9004 .wpsm_panel-default > .wpsm_panel-heading{\r\n\tcolor: #000000 !important;\r\n\tbackground-color: #e8e8e8 !important;\r\n\tborder-color: #e8e8e8 !important;\r\n\tborder-top-left-radius: 0px;\r\n\tborder-top-right-radius: 0px;\r\n}\r\n#wpsm_accordion_9004 .wpsm_panel-default {\r\n\t\tborder:1px solid transparent !important;\r\n\t}\r\n#wpsm_accordion_9004 {\r\n\tmargin-bottom: 20px;\r\n\toverflow: hidden;\r\n\tfloat: none;\r\n\twidth: 100%;\r\n\tdisplay: block;\r\n}\r\n#wpsm_accordion_9004 .ac_title_class{\r\n\tdisplay: block;\r\n\tpadding-top: 12px;\r\n\tpadding-bottom: 12px;\r\n\tpadding-left: 15px;\r\n\tpadding-right: 15px;\r\n}\r\n#wpsm_accordion_9004  .wpsm_panel {\r\n\toverflow:hidden;\r\n\t-webkit-box-shadow: 0 0px 0px rgba(0, 0, 0, .05);\r\n\tbox-shadow: 0 0px 0px rgba(0, 0, 0, .05);\r\n\t\tborder-radius: 4px;\r\n\t}\r\n#wpsm_accordion_9004  .wpsm_panel + .wpsm_panel {\r\n\t\tmargin-top: 5px;\r\n\t}\r\n#wpsm_accordion_9004  .wpsm_panel-body{\r\n\tbackground-color:#ffffff !important;\r\n\tcolor:#000000 !important;\r\n\tborder-top-color: #e8e8e8 !important;\r\n\tfont-size:16px !important;\r\n\tfont-family: Open Sans !important;\r\n\toverflow: hidden;\r\n\t\tborder: 2px solid #e8e8e8 !important;\r\n\t}\r\n\r\n#wpsm_accordion_9004 .ac_open_cl_icon{\r\n\tbackground-color:#e8e8e8 !important;\r\n\tcolor: #000000 !important;\r\n\tfloat:right !important;\r\n\tpadding-top: 12px !important;\r\n\tpadding-bottom: 12px !important;\r\n\tline-height: 1.0 !important;\r\n\tpadding-left: 15px !important;\r\n\tpadding-right: 15px !important;\r\n\tdisplay: inline-block !important;\r\n}\r\n\r\n\t\t\t\r\n\t\t\t<\/style>\t\r\n\t\t\t<\/style>\r\n\t\t\t<div class=\"wpsm_panel-group\" id=\"wpsm_accordion_9004\" >\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_9004 \" href=\"javascript:void(0)\" data-target=\"#ac_9004_collapse1\" onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-minus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span style=\"margin-right:6px;\" class=\"fa fa-angle-double-down\"><\/span>\r\n\t\t\t\t\t\t\t\t\tWhat is Crop Insurance?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_9004_collapse1\" class=\"wpsm_panel-collapse collapse in\"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\tCrop insurance is a form of financial protection that will pay out to a farmer in the event of a loss to crops due to specified perils (e.g., natural disasters, pests, and disease), subject to the terms of the policy.\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_9004 \" href=\"javascript:void(0)\" data-target=\"#ac_9004_collapse2\" onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span style=\"margin-right:6px;\" class=\"fa fa-angle-double-down\"><\/span>\r\n\t\t\t\t\t\t\t\t\tWhy is Crop Insurance Important for Farmers?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_9004_collapse2\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\tCrop insurance protects the farmer against unexpected financial loss, provides income stability, and enables the farmer to go on with their farming activities even in the event of crop damage.\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_9004 \" href=\"javascript:void(0)\" data-target=\"#ac_9004_collapse3\" onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span style=\"margin-right:6px;\" class=\"fa fa-angle-double-down\"><\/span>\r\n\t\t\t\t\t\t\t\t\tWhat is the Main Crop Insurance Scheme in India?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_9004_collapse3\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\tThe Pradhan Mantri Fasal Bima Yojana (PMFBY), launched in 2016, is a major crop insurance scheme introduced by the Government of India to protect farmers against crop losses.\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_9004 \" href=\"javascript:void(0)\" data-target=\"#ac_9004_collapse4\" onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span style=\"margin-right:6px;\" class=\"fa fa-angle-double-down\"><\/span>\r\n\t\t\t\t\t\t\t\t\tWhat Types of Risks are Covered Under Crop Insurance?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_9004_collapse4\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\tDepending on the scheme and policy conditions, coverage may include droughts, floods, cyclones, pest attacks, crop diseases, prevented sowing, and certain post-harvest losses.\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_9004 \" href=\"javascript:void(0)\" data-target=\"#ac_9004_collapse5\" onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span style=\"margin-right:6px;\" class=\"fa fa-angle-double-down\"><\/span>\r\n\t\t\t\t\t\t\t\t\tWho is Eligible for Crop Insurance Under PMFBY?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_9004_collapse5\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\tFarmers growing notified crops in notified areas and who are eligible under the scheme may apply.\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_9004 \" href=\"javascript:void(0)\" data-target=\"#ac_9004_collapse6\" onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span style=\"margin-right:6px;\" class=\"fa fa-angle-double-down\"><\/span>\r\n\t\t\t\t\t\t\t\t\tHow Does Crop Insurance Benefit Farmers?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_9004_collapse6\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\tIt provides financial assistance following insured crop losses, reduces economic uncertainty, enables agricultural investment, and assists farmers in managing the risks of farming.\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_9004 \" href=\"javascript:void(0)\" data-target=\"#ac_9004_collapse7\" onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span style=\"margin-right:6px;\" class=\"fa fa-angle-double-down\"><\/span>\r\n\t\t\t\t\t\t\t\t\tWhat is the Premium Rate Under PMFBY?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_9004_collapse7\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\tThe farmer's premium contribution is generally 2% of the sum insured for Kharif food and oilseed crops, 1.5% for Rabi food and oilseed crops, and 5% for annual commercial and horticultural crops.\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_9004 \" href=\"javascript:void(0)\" data-target=\"#ac_9004_collapse8\" onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span style=\"margin-right:6px;\" class=\"fa fa-angle-double-down\"><\/span>\r\n\t\t\t\t\t\t\t\t\tDoes Crop Insurance Cover Losses Caused by Droughts and Floods?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_9004_collapse8\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\tYes. Losses to eligible crops due to drought and flood are covered under the relevant crop insurance schemes, subject to scheme guidelines and policy conditions.\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_9004 \" href=\"javascript:void(0)\" data-target=\"#ac_9004_collapse9\" onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span style=\"margin-right:6px;\" class=\"fa fa-angle-double-down\"><\/span>\r\n\t\t\t\t\t\t\t\t\tWhat Documents are Required to Apply for Crop Insurance?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_9004_collapse9\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\tThe normal documents required are ID proof, bank account details, land or cultivation records, and details of the crop insured. The exact documents required will, of course, vary according to the category of farmer and the application.\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_9004 \" href=\"javascript:void(0)\" data-target=\"#ac_9004_collapse10\" onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span style=\"margin-right:6px;\" class=\"fa fa-angle-double-down\"><\/span>\r\n\t\t\t\t\t\t\t\t\tHow are Crop Insurance Claims Calculated?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_9004_collapse10\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\tClaim calculations are, of course, going to be different depending on the type of loss, the insured crop, the sum insured, and the relevant scheme provisions. Under PMFBY, yield-based claims are generally calculated on the basis of actual yield and the notified threshold yield. There are, of course, other types of loss for which the claim is calculated in a different way.\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t<!-- Inner panel Start -->\r\n\t\t\t\t\t<div class=\"wpsm_panel wpsm_panel-default\">\r\n\t\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\r\n\t\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\r\n\t\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_9004 \" href=\"javascript:void(0)\" data-target=\"#ac_9004_collapse11\" onclick=\"do_resize()\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_open_cl_icon fa fa-plus\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t \r\n\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span style=\"margin-right:6px;\" class=\"fa fa-angle-double-down\"><\/span>\r\n\t\t\t\t\t\t\t\t\tHow Does Crop Insurance Support Agricultural Development?\t\t\t\t\t\t\t\t<\/span>\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t  <\/h4>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div id=\"ac_9004_collapse11\" class=\"wpsm_panel-collapse collapse \"  >\r\n\t\t\t\t\t\t  <div class=\"wpsm_panel-body\">\r\n\t\t\t\t\t\t\tCrop insurance enhances the financial security of farmers, promotes investment in better farming practices, mitigates agricultural risk, and is a key contributor to a more resilient agricultural sector.\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<!-- Inner panel End -->\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\r\n<script type=\"text\/javascript\">\r\n\t\r\n\t\tfunction do_resize(){\r\n\r\n\t\t\tvar width=jQuery( '.wpsm_panel .wpsm_panel-body iframe' ).width();\r\n\t\t\tvar height=jQuery( '.wpsm_panel .wpsm_panel-body iframe' ).height();\r\n\r\n\t\t\tvar toggleSize = true;\r\n\t\t\tjQuery('iframe').animate({\r\n\t\t\t    width: toggleSize ? width : 640,\r\n\t\t\t    height: toggleSize ? height : 360\r\n\t\t\t  }, 250);\r\n\r\n\t\t\t  toggleSize = !toggleSize;\r\n\t\t}\r\n\t\t\r\n<\/script>\t<\/strong><\/p>\n<hr \/>\n<p><strong>Crop insurance<\/strong> is a key tool in the armory of the farmer to protect against the inherent uncertainties of agriculture. It provides a safety net in the event of a covered crop loss, provides for income stability, and acts as a catalyst for investment. Government schemes such as the <strong>Pradhan Mantri Fasal Bima Yojana<\/strong> have gone a long way in making crop insurance more accessible in India. With better awareness, better implementation, and faster claim settlements, crop insurance can be a major contributor to a more resilient and sustainable agriculture sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Agriculture is one of the key sectors of the Indian economy and provides a livelihood for millions of farmers. It [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[508,451],"tags":[],"class_list":["post-9001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government-policies","category-agriculture"],"_links":{"self":[{"href":"https:\/\/harisharandevgan.com\/blog\/wp-json\/wp\/v2\/posts\/9001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/harisharandevgan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harisharandevgan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harisharandevgan.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harisharandevgan.com\/blog\/wp-json\/wp\/v2\/comments?post=9001"}],"version-history":[{"count":5,"href":"https:\/\/harisharandevgan.com\/blog\/wp-json\/wp\/v2\/posts\/9001\/revisions"}],"predecessor-version":[{"id":9011,"href":"https:\/\/harisharandevgan.com\/blog\/wp-json\/wp\/v2\/posts\/9001\/revisions\/9011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/harisharandevgan.com\/blog\/wp-json\/wp\/v2\/media\/9007"}],"wp:attachment":[{"href":"https:\/\/harisharandevgan.com\/blog\/wp-json\/wp\/v2\/media?parent=9001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harisharandevgan.com\/blog\/wp-json\/wp\/v2\/categories?post=9001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harisharandevgan.com\/blog\/wp-json\/wp\/v2\/tags?post=9001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}