Ministry of Agriculture & Farmers Welfare
azadi ka amrit mahotsav

Central Share in Premium Subsidy under PMFBY

Posted On: 17 DEC 2021 3:14PM by PIB Delhi

Government has recently revamped the Pradhan Mantri Fasal Bima Yojana (PMFBY) with effect from Kharif 2020 and interalia revised the premium subsidy sharing pattern for North Eastern States from 50:50 to 90 : 10 between Central and State Government. The premium sharing pattern of remaining States/UTs is 50:50 subject to other provisions of the scheme.  

Further, a provision has been made in the revamped Operational Guidelines of the scheme for earmarked administrative expenses @ 3% of the total budget for strengthening the infrastructure and technology for better delivery of the Scheme by the Centre and concerned State Government from their own budget.  

Further, Central Government is providing 50% of procurement cost of smart phone along with internet data charges to the States to incentivize them for use of CCE Agri App for reporting Crop Cutting Experiments (CCEs) data on National Crop Insurance Portal (NCIP) with Geo-coded and time stamped data.   States implementing the scheme at the Village/ Village Panchayat level for major crops are also entitled for 50% reimbursement of incremental expenses of Crop Cutting Experiments (CCEs).   Provision has also been made to share 50% expenses on use of improved technology on receipt of proposal from concerned State Governments.  Central Government is also providing 50% of the viability gap funding to the implementing States for establishment of Automatic Weather Stations/Automatic Raingauges network on Public Private Partnership (PPP) mode.

This information was given by Union Minister of Agriculture and Farmers Welfare Shri Narendra Singh Tomar in a written reply in Rajya Sabha today.

 

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