government financial schemes

Pradhan Mantri Fasal Bima Yojana Details Online

March 17, 2018 by yojna Leave a Comment

Prime Minister Agriculture Crop Insurance Scheme: Agriculture in India is highly susceptible to risks like droughts and floods. It is necessary to protect the farmers from natural calamities and ensure their credit eligibility for the next season. For this purpose, Govt. Of India launches many agricultural schemes throughout the country. Pradhan Mantri Fasal Bima Yojana is a new crop scheme introduced by government of India in November 2016 to overcome all the shortcomings or weaknesses that lied in the previous schemes. The new scheme is in line with “one nation-one scheme”. It is implemented through multi agency frame work by selected insurance companies under the overall guidance and control of Department of Agriculture, Cooperation and Farmers Welfare (DAC & FW), Ministry of Agriculture and Farmers Welfare ( MoA & FW ) , Government of India and the concerned state in co-ordination with various other agencies ; viz financial institutions like Commercial Banks , Co-operative banks , Regional Rural Banks and their regulatory bodies . This scheme incorporates all the improved and best features as compared to all other older schemes.

Fasal Bima Yojana replaced especially two older schemes namely National Agricultural Insurance Scheme (NAIS) introduced in 1999 and modified NAIS introduced in 2011.

pradhan mantri fasal bima yojana online apply

The objective is to provide financial support and insurance coverage in all the possible manner to farmers in the event of failure of any notified crop as a result of natural calamities, pests and diseases. Due to one or more reason or the profit of farmers this scheme looks even more beneficiary as compared to other schemes. Such as to stabilize the income of farmers to ensure their continuance in farming, to encourage farmers to adopt innovative and modern agricultural techniques. To ensure the flow of credit to the agricultural sector which will contribute to food security, crop diversification and enhancing growth and competitiveness of agricultural sector besides protecting farmers from production risks. The Seasonality discipline shall be same for loanee and non-loanee farmers.

The scheme ensures farmers against a wide range of external risks — drought, dry spells, floods, inundation, pests and diseases, landslides, natural fire and lightning, cyclones etc. Apart from yield loss, this scheme also covers post-harvest losses up to a period of 14 days. PM Fasal Bima Yojana Covers Kharif, Rabi, Annual commercial as well as horticultural crops. The farmer’s part of premium is 2%, 1.5% and 5% sum assured respectively in above schemes. The remaining part is paid by the central or state governments.

Private insurance companies will be roped with the Agriculture Insurance Company of India Ltd. (AIC). This scheme proposes mandatory use of remote control sensing, drones and smart phones for quick estimation of Crop loss. The aim is to bring 50% farmers under the scheme by 2019. The expenditure of this scheme is funded through Krishi Kalyan Kosh in which money obtained through Krishi Kalyan Cess is credited.

There will be no upper limit on government subsidy. Even if the premium is 90%, it will be borne by the government.

PMFBY Online Application | Pradhan Mantri Fasal Bima Yojana Online Registration

There has baan lot of queries and searches regarding Pradhan Mantri FBY Online registration and Application. We are happy to help you and guide you for the following issues.

Applicant must be citizen of India to access and register as proposer in crop scheme
Follow the link http://agri-insurance.gov.in/Login.aspx#
Click on ‘farmer application’
New function will open if registrations are available otherwise you’ll see mobile number, otp and captcha code
Signup or signin as per desire and requirements.

Pradhan Mantri Fasal Bima Yojana Scheme Benefits and Objectives

PMFBY will provide a complete insurance cover against failure of the crop thus helping in soothing the income of the farmers and inspire them for acceptance of innovative performs.
The Scheme can cover all Food & Oilseeds crops and Annual Marketable/Gardening Crops for which past produce data is available and for which mandatory number of Crop Cutting Experiments (CCEs) will be focused and being a part of the General Crop Estimation Survey (GCES).
The scheme is enforced for loaner farmer finding Crop Loan /KCC account for notified crops. However, intended for Other/non loanee farmers who have insurable interest in the insured crop(s).
The Maximum Premium payable by the farmers will be 2% for all Kharif Food & Oilseeds crops, 1.5% for Rabi Food & Oilseeds crops and 5% for Annual Commercial/Horticultural Crops.
The variance between premium and the rate of Insurance charges due by farmers shall be shared equally by the Centre and State.
The seasonality discipline shall be same for loanee and non-loanee farmers.
The scheme will be applied by AIC and other empanelled private general insurance companies. Selection of Implementing Agency (IA) will be done by the concerned State Government through bidding.
The existing State Level Co-ordination Committee on Crop Insurance (SLCCCI), Sub-Committee to SLCCCI, District Level Monitoring Committee (DLMC) shall be responsible for proper administration of the Scheme.
The Scheme shall be applied on an ‘Area Approach basis’. The unit of insurance shall be Village/Village Panchayat level for major crops and for other crops it may be a unit of size above the level of Village/Village Panchayat.

Pradhan Mantri Mudra Yojana (PMMY) Online Details, Documents, Interest Rates information

March 14, 2018 by yojna Leave a Comment

प्रधानमंत्री मुद्रा योजना : Pradhan Mantri MUDRA (Micro Unit Development and Refinance Agency Ltd.) Yojana is a scheme launched by Union Government on April 8, 2015 for providing loans up to Rs. 10 Lakh to the non-cooperate, non-farm small micro enterprises. Under the PMMY, all the banks viz. Public sector banks, Private Sector banks, Regional Rural Banks (RRBs), State Co-operative banks, Urban Co-operative Banks, Foreign Banks, and Non-banking finance companies (NBFCs) / Micro finance institutions (MFIs) are required to lend to non-farm sector income generating activities below 10 lakhs. Initiated with the corpus of 20,000 crore made available from priority sector lending. Further, the budget supported the amount of 3000 crores for guaranteeing loans.

PMMY Application Guidelines

The borrowers can approach any of the lending institutions mentioned above or can apply online through the government portal www.mudra.org.in. These loans are classified as MUDRA LOANS under PMMY. Under the aegis of PMMY, mudra has created three products namely ‘Shishu’, ‘Kishore’ and ‘Tarun’ to signify the stage of growth and funding needs of the beneficiary micro unit /entrepreneur and also provide a reference point for the next phase of graduation. Following are the details about PMMY Loan Scheme.

Shishu- Covering loans up to 50,000 Rs.
Kishore- Covering loans above 50,000 and above 5,00,000
Tarun – Covering loans above 5,00,000 and up to 10,00,000

All Non-Corporate Small Business Segment (NCSBS) comprising of proprietorship or partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits/vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, food processors and others in rural and urban areas are eligible for assistance under Mudra. Bank will provide loans as per customer needs. Loans under this scheme are collateral free loans.

Mudra loans could be availed for the following.

Vehicle loans: Commercial Vehicle loan, Two wheeler and car loan
Business Instalment Loan (BIL): Loan for working capital requirement, buying plant and machinery, renovating offices etc.
Business Loans Group Loans (BLG) & Rural Business Credit (RBC): for dropline overdraft, and working capital loans.

Mudra Loan HOW TO APPLY AND DOCUMENTS Lists

Borrowers who need to avail assistance under PMMY can approach the local branch of any of the financial institutions in their regions. Sanction of assistance shall be as per the eligibility norms of a respective lending institution. An applicant should not be the defaulter of any bank or Financial institution.

Proof of identity: Self-attested copy of Voter’s ID card / Driving license / PAN card / Aadhar Card / Passports / or any other photo id issued by The Government.
Proof of residence: Telephone bill / electricity bill / property tax receipt / Bank passbook etc.
Quotation of machinery or other items to be purchased.
Name of supplier / details of machinery etc.
Proof of identity / address of business enterprise etc.
Proof of category i.e. SC/ST/OBC/ Minority etc.

The best thing about PMMY is that loans are hassle-free. As there is no processing fee, the repayment period is extended up to 5 years, no collateral.

As per record on February 2018, the total amount sanctioned is 1,71,488* crores out of which 1,65,312 crores of the amount is disbursed.

Mudra Loan ELIGIBILITY Criteria

The business unit should be either one of the following

Small manufacturing units
Shopkeepers
Artisans
Fruits and vegetable vendors

Thus, in technical terms, the loans that are extended to the non-farm generating ventures in manufacturing, trading and service provision sectors the amount up to/ less than 10 lakhs by the public sector banks, Regional rural banks, state co-operative banks and Urban co-operative banks fall under the PMMY scheme and become what is known as MUDRA loans.

India, being a developing country, requires its small entrepreneurs to grow and prosper. Considering the huge population and the associated poverty lines, it is not at all easy task to accomplish. To aid this, government has come up with Mudra Yojana Scheme. A bigger part of the country is yet unemployed or struggling with their start-ups. With this type of schemes, the start-ups will get a boost in the form of micro finances. Shishu, Kishore and Tarun each of these will strive to ensure growth under ranges of microfinance and microcredits.

Mudra Loan Interest Rates 2018

MUDRA CARD DETAILS ONLINE:

MUDRA Card is an advanced product which provides working capital ability as a cash credit procedure. MUDRA Card is a debit card issued against the MUDRA loan account, for working capital percentage of the loan. The mortgagor can make use of MUDRA Card in multiple drawing and credit, so as to manage the working capital limit in a most effective manner and keep the interest weight minimum. MUDRA Card will also help in digitalization of MUDRA contacts and creating credit history for the mortgagor.

National Payment Corporation of India (NPCI) has given RuPay branding to MUDRA Card and also separate BIN / IIN for the same, by which credit history can be tracked.

MUDRA Card can be operated across the country for withdrawal of cash from any ATM / micro ATM and also make payment through any ‘Point of Sale’ machines.

The design of the MUDRA card as approved by DFS, GoI and NPCI is given below. Banks can customize the same by incorporating their logo and name.

Mudra bank loan apply online

Mudra Contact Numbers | Helpline | Email ID |

[email protected]