12 July 2022, New Delhi: The Andhra Pradesh government has decided to rejoin the ambitious Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme following talks between the Union Minister of Agriculture and Farmers Welfare, Mr. Narendra Singh Tomar and the Chief Minister of Andhra Pradesh, Mr. Y.S. Jagan Mohan Reddy.
Mr. Tomar appreciated this step of the state government to join back PMFBY scheme. With this decision, crops of more than 40 lakh farmers of the state will get insurance cover in case of natural calamity. Andhra Pradesh was one of the state which has stopped implementation of the scheme over the last four years. Five other states which are still out of the scheme are Jharkhand, Bihar, West Bengal, Telangana and Gujarat. These states opted out of the scheme at different times during the last four years. The central government has reached out to these states to implement the scheme again.
Mr. Tomar said that the Central Government has made PMFBY simple and convenient as per the suggestions of the states. The Central Government is working continuously with the States to improve the condition of farmers and make them prosperous and transform agriculture into advanced farming. On July 7, a team headed by the Union Agriculture Secretary Mr. Manoj Ahuja also gave a presentation to the Andhra Pradesh Chief Minister regarding the scheme on its restructuring and adoption of suggestions by the state.
Andhra Pradesh decided to implement the PMFBY from Kharif-2022 season. Keeping in view the suggestions of Andhra Pradesh and other states, the Central Government revamped the scheme in February-2020 with new features, such as voluntary enrolment for all farmers, wider use of technology in yield estimation, risk coverage to choose for payment of sum insured to the States as per the option and prevailing risk profile and a provision of 3% was made for administrative expenses.