Over 11.6 lakh farmer applications enrolled under PMFBY in J&K: Govt More than 11.6 lakh farmer applications have been registered under the Pradhan Mantri Fasal Bima Yojana (PMFBY) in Jammu and Kashmir, according to government data. The scheme, which provides insurance coverage for crop losses, has seen significant participation from farmers in the region. The initiative aims to protect agricultural produce against natural calamities, pests, and diseases, ensuring financial stability for farmers. Under the PMFBY, farmers are required to pay a low premium rate, with the cost shared between the central government and state governments. For Kharif crops, the premium is up to 2 per cent of the sum insured, while Rabi crops carry a rate of up to 1.5 per cent. Commercial and horticultural crops, however, have a higher premium of up to 5 per cent. The remaining actuarial premium is typically divided equally between the Centre and states. In Jammu and Kashmir, however, the ratio is adjusted to 90:10 in favor of the central government, reflecting the unique financial arrangements for the region. The scheme’s structure is designed to reduce the financial burden on farmers while ensuring adequate coverage. The central government’s higher contribution in J&K underscores the need for additional support in the region, where agricultural challenges are often more pronounced. The government has emphasized that the PMFBY plays a critical role in safeguarding the livelihoods of farmers, particularly in areas prone to climate-related risks. In response to questions about the implementation of the scheme, a senior official highlighted that land and agriculture fall under the purview of state governments as per the Constitution.#central_government #state_governments #jammu_and_kashmir #pradhan_mantri_fasal_bima_yojana #pradhan_mantri_krishi_sinchayee_yojana
