New India Assurance Company Ltd

Santacruz West, MumbaiEstd 1973Coaching

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Info Courses & Fees

Online Learning Programs: PMFBY

Per Year:₹545

1 Year Online Learning Programs

The Pradhan Mantri Fasal Bima Yojana (PMFBY) launched on 18 February 2016 by Prime Minister Narendra Modi is an insurance service for farmers for their yields. It was formulated in line with the One Nation–One Scheme theme by replacing the earlier two schemes National Agricultural Insurance Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS) by incorporating their best features and removing their inherent drawbacks (shortcomings). It aims to reduce the premium burden on farmers and ensure early settlement of crop assurance claim for the full insured sum.

Course Details

Course	PMFBY
Duration	1 Year
Fees	545 Yearly

Highlights

Provides financial support to farmers suffering crop loss/damage arising out of unforeseen events
Stabilizes the income of farmers to ensure their continuance in farming
Encourages farmers to adopt innovative and modern agricultural practices
Ensures the flow of credit to the agriculture sector which will contribute to food security, crop diversification, and enhancing growth and competitiveness of the agriculture sector