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  Launched in 2016 with an intention to cover the total sown area of the country, the Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance scheme for all types of farmers. The motto with which this scheme was launched is “One Nation, One Crop, One Premium”. A crop insurance scheme that provides extensive coverage to farmers on several fronts was highly needed, and the PMFBY has filled that need adequately. Even so, the awareness regarding this useful scheme is quite less.  To help in this regard, we take a look at the top 5 FAQs on the Pradhan Mantri Fasal Bima Yojana and answer them for your benefit.    1. What are the objectives of the PMFBY?   The primary aim of this crop insurance scheme is to offer financial support to farmers when their crops suffer damages and losses. Thus, it wants to make crop insurance accessible to all farmers at an economical price. The scheme also has an objective to ensure that farmers’ incomes do not get hit adverse...

  The Pradhan Mantri Fasal Bima Yojana is a crop insurance scheme that aims to provide farmers with financial aid when damages impact their crops. Launched in 2016, it has been a merger of several previously launched crop insurance schemes. With the agricultural sector of India still forming a major segment of the country’s economy, looking after the financial well-being of those who run it, that is our farmers, is quite important. The Pradhan Mantri Fasal Bima Yojana (PMFBY) has several features that are designed to make crop insurance more accessible and affordable to the farmers of our country. Let’s look at 5 such major features.  Pradhan Mantri Fasal Bima Yojana   1. Focus and objectives   The Pradhan Mantri Fasal Bima Yojana operates under the ‘One Nation, One Crop, One Premium’ motto. Its major focus is to expand the insurance coverage to the total sown area in the country. Some of its objectives are - - to make sure that farmers continue farming by...