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Senior bureaucrat Ashish Kumar Bhutani has been appointed Chief Executive Officer (CEO) of Pradhan Mantri Fasal Bima Yojana (PMFBY).

Bhutani, a 1992 batch IAS officer of Assam-Meghalaya cadre, has been appointed to the post till May 9, 2020

Currently he serves as Joint Secretary, Ministry of Agriculture.

Pradhan Mantri Fasal Bima Yojana (PMFBY):

The government of India in April 2016, launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) after scraping down the earlier insurance schemes viz. Modified National Agricultural Insurance Scheme (MNAIS), Weather-based Crop Insurance scheme and the National Agriculture Insurance Scheme (NAIS). Now the only flagship scheme for agriculture is PMFBY

Objectives of PMFBY:

  1. To provide insurance coverage and financial support to the farmers in the event of failure of any of the notified crop as a result of natural calamities, pests & diseases.
  2. To stabilise the income of farmers to ensure their continuance in farming.
  3. To encourage farmers to adopt innovative and modern agricultural practices.
  4. To ensure flow of credit to the agriculture sector.

 

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