HDFC ERGO General Insurance Company, a leading general insurance company in India, has been authorised by the Government of Tripura to implement the Pradhan Mantri Fasal Bima Yojana (PMFBY) for loanee and non-loanee farmers in the districts of Dhalai, Gomati, Khowai, South Tripura, Sepahijala, West Tripura, Unakoti and North Tripura for Kharif 2024.
PMFBY scheme insures farmers against any losses in crop yield arising out of a wide range of external risks such as drought, floods, dry spells, landslides, cyclones, hurricanes, hailstorms, Inundations, pests, diseases and others. To determine the loss in the yield, the state government will plan and conduct Crop Cutting Experiments (CCEs) on the notified crops in areas notified for the scheme.
In case the yield data, based on CCEs conducted, concludes to be low then the farmers will be considered to have suffered a shortfall in their yield for which the claims will be payable to the farmers. The scheme provides insurance cover for all stages of the crop cycle including pre-sowing, harvesting and post-harvest risks. All the products under the PMFBY scheme are approved by the Department of Agriculture, Government of Tripura.
