Bhubaneswar: The government has issued notification for implementation of Pradhan Mantri Fasal Bima Yojana (PMFBY) during Rabi 2016-17 season.
The notification issued by the cooperation department said all farmers growing the six notified crops – paddy, groundnut, mustard, potato, blackgram and greengram – under notified areas for them will be included in the scheme. Besides, farmers availing seasonal agricultural operations (SAO) loans from financial institutions for the notified crops will come under the scheme compulsorily.
Paddy farmers of 1250 GPs of all districts excluding Boudh, Kandhamal, Jharsuguda and Mayurbhanj will be covered under PMFBY during Rabi season-2016-17. Groundnut farmers of 125 blocks of 18 districts, mustard crop farmers of 95 blocks in 11 districts and potato farmers of 22 districts will also be included in the scheme.
All necessary scheme information will be uploaded on the crop insurance portal within seven days, officials said.
The insurance covers loss of standing crops, sowing risk, post-harvesting damage and other localised risks. Crop damage due to drought, flood, erratic rain, heavy rain, earthquake and diseases are also covered.
The premium rate in respect of paddy, groundnut, mustard, blackgram and greengram will be 1.5 per cent and for potato it will be 5 per cent. Centre and state will bear the remaining share equally.
The state has made budgetary provision of `300 crore for the scheme this
financial year.
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