Below PMFBY, farmers will obtain insurance coverage protection for varied crops, together with Jowar, Bajra, Soybean, Mug, Udid, Tur, Cotton, Maize, Paddy, Ragi, Groundnut, Sesamum, and Onion. The scheme goals to guard farmers towards varied exterior dangers similar to drought, floods, dry spells, landslides, cyclones, hurricanes, hailstorms, inundations, pests, and ailments. The sum insured and the farmer premium per hectare for every crop have been specified, with a closing date of July 15, 2024, for purposes.
“ HDFC ERGO’s involvement will be certain that farmers are protected against crop yield losses resulting from exterior elements. The state authorities will conduct Crop Chopping Experiments (CCEs) to evaluate yield loss within the notified crops. If the yield knowledge from these experiments present a shortfall, the farmers can be compensated accordingly,” the corporate said in a press launch.
The PMFBY scheme covers all levels of the crop cycle, together with pre-sowing, harvesting, and post-harvest dangers. The Division of Agriculture, Authorities of Maharashtra, has accredited all merchandise below this scheme. Farmers from the designated districts can contact their respective banks, Frequent Service Centres (CSCs), or approved HDFC ERGO brokers to acquire insurance coverage cowl for the crops listed.
The corporate added in a press assertion that this initiative goals to supply a security internet for farmers, guarantee monetary stability, and encourage sustainable agricultural practices.
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