Govt authorises HDFC to implement PMFBY for farmers

| | Jabalpur | in Bhopal

HDFC ERGO General Insurance Company has been authorized by Government of Madhya Pradesh to implement the Pradhan Mantri Fasal Bima Yojana (PMFBY) for loanee and non-loanee farmers in the districts of Ashoknagar, Chhatarpur, Damoh, Datia, Guna, Gwalior, Panna, Sagar, Shivpuri and Tikamgarh, for Kharif 2018.

PMFBY scheme insures famers against any losses in crop yields arising out of a wide range of external risks such as- draughts, flood, dry spells, landslides, cyclones, hurricanes, pest and diseases and many more. For the purpose of determining the loss in the yield, the State government will plan and conduct Crop Cutting Experiments (CCEs) on the notified crops in areas notified for the scheme.

In case the yield data, based on CCEs conducted, concludes to be low then the farmers will be considered to have suffered a shortfall in their yield for which the claims will be paid out to the farmers.