CSA Xpert

Pradhan Mantri Fasal Bima Yojana is an actuarial premium based scheme where farmer has to pay maximum premium of 2 percent for Kharif, 1.5 percent for Rabi food & oilseed crops and 5 percent for annual commercial or horticultural crops and the remaining part of the actuarial or bidded premium is equally shared by the Central & State Government. 

An important purpose of the scheme is to facilitate quick claims settlement. The claims should be settled within 2 months of harvest subject to timely provision of both yield data & share of premium subsidy by State Government. 

Objectives

To provide insurance coverage and financial support to the farmers in the event of failure of any of the notified crop as a result of natural calamities, pests & diseases.

To stabilise the income of farmers to ensure their continuance in farming.

To encourage farmers to adopt innovative and modern agricultural practices.

To ensure flow of credit to the agriculture sector.

Schemes/ CSA Technologies : Crop insurance

More detail: https://pmfby.gov.in/