GOVERNMENT OF INDIA
Pradhan Mantri Fasal Bima Yojana (PMFBY)
Launch: 2016
Pradhan Mantri Fasal Bima Yojana (PMFBY) aims to support production in agriculture by providing affordable crop insurance to ensure comprehensive risk cover for crops of farmers against all non-preventable natural risks from pre-sowing to post-harvest stage, on an ‘Area Approach Basis’.
Stakeholders:
Central Government, State Governments, Banks, CSCs, Insurance Companies, Farmers
Enrolment:
Voluntary (post Kharif 2020 season)
ONGOING ACTIVITIES
Risks covered under PMFBY
(on notified area basis)
Standing Crops:
(i) Natural Fire and Lightning; (ii) Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane, Tornado etc. (iii) Flood, Inundation and Landslide, (iv) Drought, Dry spells and (v) Pests/ Diseases
(on notified area basis)
(individual farm basis)
(individual farm basis)
Achievements
- Largest crop insurance scheme in the history of independent India and globally, the third largest scheme in terms of premium
- 29.19 crore farmer applications have insured their crops under the PMFBY since 2016
- More than Rs 95,000 crore worth of claims have been provided to farmers since the launch of the scheme in the year 2016, against the total premium of Rs 17,000 crore paid by them
- Lowest premium for all farmers of India - 2% for all Kharif Food & Oilseeds crops, 1.5% for Rabi Food & Oilseeds crops and 5% for Annual Commercial/Horticultural Crops
Calendar of activity
*Cut-off dates for the notified crops may be fixed by States/UTs according to local weather conditions or local circumstances
Videos
Follow PMFBY
Website
Download Mobile App
Contact
Krishi Bhawan,
Room No. 120, First floor,
Dr Rajendra Prasad Road,
New Delhi, Delhi 110001