PMFBY Opt-out Application Form PDF

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PMFBY Opt-out Application Form PDF Free Download

PMFBY Opt-out Application Form

  1. Objective:
    Providing insurance coverage and financial assistance to farmers Status of failure of any of the notified crops as a result of natural calamities, Pests, and Diseases.
    To stabilize the income of farmers to ensure their continuity in farming.
    To encourage farmers to adopt new and modern agricultural practices.
    To ensure the flow of credit in the agriculture sector.


The scheme is implemented through a multi-agency framework by selected insurance companies under the overall guidance and control of the Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW), Ministry of Agriculture & Farmers Welfare (MoA&FW), Government of India (GoI).

will be implemented. ) and in coordination with various other agencies of the State concerned; i.e. financial institutions like commercial banks, cooperative banks, regional rural banks and their regulatory bodies, and government departments.

Agriculture, Cooperation, Horticulture, Statistics, Revenue, Information/Science and Technology, Panchayati Raj, etc.

  1. DAC&FW has designated/impanelled the Agriculture Insurance Company of India(AIC) and some private insurance companies presently

to participate in Government sponsored agriculture/crop insurance schemes based on their financial strength, infrastructure, manpower and expertise etc.

The currently listed private insurance companies are 1) ICICI-Lombard General Insurance Company Limited 2) HDFC-ERGO General Insurance Company Limited 3) IFFCO-Tokio General Insurance Company Limited 4) Cholamandalam MS General Insurance

Company Limited 5) Bajaj Allianz General Insurance Company Limited 6) Reliance General Insurance Company Limited 7) Future Generali India Insurance Company Limited 8) Tata-AIG General Insurance Company Limited 9) SBI General Insurance Company Limited 10) Universal Sompo General Insurance Company Limited.

The insurance company from the empaneled insurance companies to act as IA will be selected by the concerned state government for implementation of the scheme in its state. Such selection of IA will be made from among the nominated/empanelled companies which will be initially pre-qualified, strictly on the basis of experience, existence of infrastructure in the area and Payment and timely settlement in terms of quality of services to farmers and area coverage, willingness to undertake publicity and awareness campaigns, etc.

The final selection of the IA from the pre-qualified insurance companies will be done on the basis of this. Minimum weighted premium quoted by the pre-qualified company For all notified crops under a group of districts

Language English
No. of Pages1
PDF Size0.07 MB

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PMFBY Opt-out Application Form PDF Free Download

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