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Pradhan Mantri Fasal Bima Yojana — Govt Scheme for UPSC | Vaidra
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Pradhan Mantri Fasal Bima Yojana

Ministry of Agriculture and Farmers WelfareActive — Briefing groups established for Parliamentary oversightAgricultureLaunched: 2016-02-18
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About the Scheme

A crop insurance scheme aimed at providing financial support to farmers against losses arising out of crop failure due to natural calamities, pests, and diseases, while ensuring stronger parliamentary oversight and integrated farming awareness.

Target Beneficiaries: Farmers

✦Key Features

  • Formation of briefing groups for Members of Parliament
  • Oversight by the Speaker of the Lok Sabha
  • Integration with crop insurance mechanisms
  • Focus on integrated farming practices

★Benefits

  • Financial support to farmers in case of crop failure
  • Risk mitigation through crop insurance
  • Enhanced policy awareness through MP briefings

Exam Relevance

GS Paper: GS3

Prelims Relevance5%
Mains Relevance5%