India’s HDFC ERGO General Insurance Company has been authorized by the Government of Assam to implement the Pradhan Mantri Fasal Bima Yojana (PMFBY) for loanee and non-loanee farmers in the districts of Cachar, Lakhimpur, Udalguri, and Tinsukia for Rabi, 2023.
PMFBY scheme insures farmers against any losses in crop yield arising out of a wide range of external risks such as cyclones, hailstorms, Inundations, cyclonic rains, unseasonal rains, cloud burst, fire due to natural causes. The state government plans to conduct Crop Cutting Experiments (CCEs) on notified crops in areas for a scheme to determine yield loss. If yield data is low, farmers will be considered to have suffered a shortfall in their yield, with claims payable to them.
The scheme provides insurance cover for all stages of the crop cycle including pre-sowing, harvesting and post-harvest risks. All the products under the PMFBY scheme are approved by the Department of Agriculture, Government of Assam. Farmers in Cachar, Lakhimpur, Udalguri, and Tinsukia can obtain insurance cover under the PMFBY scheme for their crops by contacting their banks, Common Service Centres, or authorized HDFC ERGO agents. The validity period details can be found on the Department of Agriculture’s website, and farmers can also self-enroll in the scheme through the farmers App.
