The Pradhan Mantri Fasal Bima Yojana have been finally approved by the Chief Minister of Uttar Pradesh Akhilesh Yadav. After the approval, the scheme has been implemented in Uttar Pradesh. Now the poor farmers can take the benefit of the scheme and can avoid the loss of crop destruction.
PM Fasal Bima Yojana the comprehensive crop insurance scheme was launched by PM Modi in the month of January 2016. This scheme was launched with an aim of providing financial assistance through insurance to the farmers whose crops has been destructed due to several reasons such as- frost, drought, etc.
Under this scheme, the central government provides insurance cover and financial assistance to the farmers in the times of difficulty Natural disasters/Loss and other.The insurance cover & financial help to the farmers under the PMFBY is provided in the events of crops damaged due to heavy rain, other natural calamities, pests or diseases.
The scheme is being implemented across the country and farmers can avail the scheme benefits. According to the news, the farmers of Uttar Pradesh are very happy after the implementation of the scheme in the state. The PM Fasal Bima Yojana is a gift of prosperity for the farmers of the state. Farmers have given up worrying about the loss of their crops.