Explore the major crop insurance schemes available for Karnataka farmers, including PMFBY, designed to protect against natural calamities and market risks. Learn about coverage, premiums, and benefits for a safer agricultural future.
Major Crop Insurance Schemes for Karnataka Farmers
Crop insurance is the single most important safety net designed to protect the livelihoods of farmers in Karnataka against comparable disasters for the future faced by farmers both from uncertain natural calamities and market variability. With its varied climatic zones and agricultural practices, the state has initiated a number of schemes across crops to tackle the problems faced by farmers. Here is a summary of the major crop insurance schemes available for Karnataka farmers.
Scheme Name : Pradhan Mantri Fasal Bima Yojana (PMFBY)
The PMFBY is a major crop insurance scheme initiated by the Government of India. Its objective is to safeguard farmers from losses if the crop is destroyed due to natural disasters that include flood, drought, or pests. PMFBY holds a number of key features, including:
Coverage — food crops, oilseeds and commercial/horticultural crops.
Premiums: Farmers only pay 2% of the Kharif sum insured
Crop insurance is a crucial tool for empowering Karnataka’s farmers, enabling them to recover from losses and invest in sustainable farming practices. By leveraging these schemes, farmers can mitigate risks and ensure financial stability, even in the face of adversity.
Sources:
- PMFBY Official Website
- Karnataka State Agriculture Department
- Ministry of Agriculture and Farmers Welfare
