Pradhan Mantri Fasal Bima Yojana (PMFBY) – Scheme Details, Eligibility & How to Apply

What is Pradhan Mantri Fasal Bima Yojana

Pradhan Mantri Fasal Bima Yojana is a crop insurance scheme launched by Prime Minister Narendra Modi Led NDA Government. The scheme has been launched to cater the financial needs of the farmers in the events of crops destroyed by heavy rain, other natural calamities, pests or diseases. Pradhan Mantri Fasal Bima Yojana will be implemented under a budget of Rs. 17,600 crore.

The scheme is aimed to provide insurance cover and financial support to the farmers in difficult times. In the new scheme, the shortcomings of previous crop insurance schemes have been taken care of very well. Along with this scheme, several other initiatives have been started by the central government of the welfare of the farmers.

Latest UpdateCheck PMFBY Farmer Online Application Status Online

Registrations lines are open for the Pradhan Mantri Fasal Bima Yojana 2018. Apply Online for Crop Insurance Scheme (Agri Insurance) through the link – PMFBY 2018 Kharif Crop Registration Form / Make Complaint, also Know How to Calculate Agri Insurance Premium Amount using PMFBY Insurance Premium Calculator

ALSO READ: Apply online as farmer under PMFBY

There is no upper limit on Government subsidy. Even if balance premium is 90% it will be borne by the Government. Earlier, there was a provision of capping the premium rate which resulted in low claims being paid to farmers. This capping was done to limit Government outgo on the premium subsidy. This capping has now been removed and farmers will get claim against full sum insured without any reduction.

Objectives of Pradhan Mantri Fasal Bima Yojana

  • 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.
  • To stabilize the income of farmers to ensure their continuance in farming.
  • To encourage farmers to adopt innovative and modern agricultural practices.
  • To ensure flow of credit to the agriculture sector.

Pradhan Mantri Fasal Bima Yojana will be implemented through the multy-agency framework selected by the insurance companies under the overall guidance & control of the Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW), Ministry of Agriculture & Farmers Welfare (MoA&FW), Government of India (GOI).

Premium of Pradhan Mantri Fasal Bima Yojana

The premium under the Pradhan Mantri Fasal Bima Yojana is way less than the previous government or private crop insurance schemes. The premium amount for Kharif crops is 2 percent and 1.5 percent of the sum insured for Rabi crops. Karif and Rabi covers most food crops and oil crops cultivated in India. The premium for commercial or horticultural crops (including cotton) is pegged at 5 percent for one year.

Risks to be Covered

Yield losses (standing crops, on notified area basis): Comprehensive risk insurance is provided to cover yield losses due to non-preventable risks, such as

  • Natural Fire and Lightning
  • Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane, Tornado etc.
  • Flood, Inundation and Landslide
  • Drought, Dry spells
  • Pests/ Diseases etc

Exclusions from Pradhan Mantri Fasal Bima Yojana

The insurance cover will not be applicable in the damage of crops due to any of the following reasons.
– War & kindred perils
– Nuclear risks
– Riots
– Malicious damage
– Theft or act of enmity
– Grazed and/or destroyed by domestic and/or wild animals

The Pradhan Mantri Fasal Bima Yojana was launched on 13 Januray 2016 and will came into effect from the 2016 Kharif season.

On 18 February 2016, PM Narendra Modi has also issued the detailed guidelines for implementing the Fasal Bima Yojana at a farmers’ convention that was held at Madhya Pradesh’s Sherpur village.

The complete details about the scheme can be found at the link below.
http://agricoop.nic.in/imagedefault/whatsnew/sch_eng.pdf

SAVE AS PDF
Related Content

35 thoughts on “Pradhan Mantri Fasal Bima Yojana (PMFBY) – Scheme Details, Eligibility & How to Apply”

  1. Sir/Madam,

    We have made complaint REGARDING DAMAGE in khrif crop in 2018 AND SERVEY DONE OF COMPANY PERSON but not received any financial help from PMFBY THOUGTH WE HAVE PAY PREMIUM OF INSURANCE THROUGH KCC A/C 76098800794289 IN SARV HARYANA GRAMIN BANK ALLIKA BRANCH PALWAL HR. MY NAME IS BIJENDER SINGH S/O LATE SH.PYARE LAL, VILLAGE KAIRAK POST -EHSIL &DISTT PALWAL HR PIN 121102 KINDLY LOOK AT MY REQUEST AND OBLIGED PLEASE. MY PH. NO. 9813080788 PLEASE HELP US. REGARDS, BIEJDNER SINGH

    Reply
  2. Sar Mujhe 4 Sal Ho Gaye Har Sal 27000 rupaye Bima kist Jama kara raha hun Uske bavjud Mujhe abhi tak Koi Bima claim nahin mila Do Bar Main complaint bhi Kari thi Teesri bar aapke FIR fasal kharab ho gai hai Sar Meri madad karo

    Reply
  3. I am hukam shingh gurjar mere chote bhai ko hart atek ki sikayat he mere pas pese nahi he ilaj karane ko hamare jila raisen tah.begumganj me beema aaya he jiska labh mujhe nahi mila . mere paas 5ekr 70dis.kameen he barsat ke karan mere urde nast ho gay the a am poor sir 8889479693

    Reply
  4. Sir,
    we want to know the present status of our application.So please send us the details of our application
    application no:174411 (Karnataka state)
    we paid crop insurance amount through Syndicate bank post:shirur dist:Bagalkot-587101
    my account no:08232200024087

    Reply
  5. Mazakade 14 ekar jamin ahe mala Ataparaint sheti karts gharakarta kontihi suvidha milali nai Mobil.7350364249

    Reply
  6. Mala ataparant sarkari ek sudha madad milali nai na ghakul. na society. na crop lone. na BPL Rashan card.na pick vima. Na sheticha vikasha karita avgare na vihirikrita lone 40 varsha pasun kordwahu jamin karto. Total 14 ykar jamin she. Mobil.no7350364249.

    Reply
  7. Sir Mai ek Kisan ka beta hu mare fathir death ho chuka hayy mai bhi ek job karta how muza from bhe hayy ka koye muza youjana ka labha mil sakata hayy plz plz plz sir riplay

    Reply
  8. Village KUSHIARI post Pindrahat Nirsha Dhanbad jharkhand 828201
    Name MUMTAJ Ansari mujha job danea ka quripa karia

    Reply
  9. Sirrrr garibala kon kuthali scheme det nahi vasila lagto phakt vasila , 3year zale phiratoy tyala scheme sathi roj talukyala jatoy pan scheme kahi milat nahi kuthan kutha chuk kadhun wapas pathawtet,Ekada manjur zal tar bank manejar ne nakar dila 2 lakh ru. FD kara mhant hota eadha paisa aasata tar ranat ch kahitari kal pandhar kel aasat na aami. SORRY SIR YACHA PHAYADA KAHICH NAHI . KAHI KAHI LOK ASHIT ki tyana scheme vishai mahitach nasat…..kas karayach sarrrr GARIB AASACH MARTOY!!!!!!!!!!!SIRRRRRRRRRRRRRRRR

    Reply
  10. सभी भाइयों से निवेदन है जो राजस्थान के निवासी है अगर उनकी किसी कार्य मे कोइ भी सरकारी कर्मचारी बाधा डालता है या टालमटोल करता है तो * राजस्थान समपर्क * या 18001806127 पर नि:शुल्क शिकायत दर्ज करवा सकते हैं शिकायत का निवारण 30 दिनो कि अवधि मे कर दिया जाएगा ओर आप 30 दिन पश्चात RTI द्वारा सुचना माग कर अपने कार्य को शिध्र करवा सकते हैं for mor details contact me on 8769863737

    Reply
  11. Dear Sir,

    My self Deepak Lamba and i belongs to Hryana (Narnaul ). The government announced this scheme before on year but still now 95% farmer are not awair about this scheme(PMFBY) because government d`nt explain it properley just they mention it on website but it is not possibel for all farmers to read all details on website so this is my suggestion kindly explain all details.For exempal for 1 aker land how much amount have need to pay ,and in case of Pests/Diseases,storm,Natural light,Etc how much amount will given by government.

    Thanks ,
    Deepak Lamba

    Reply
  12. Sir mai kisan ka beta hun ham bahut hi garib log hain hame koi sarkari yojna ka labh nahi mil pa raha hai up bareLly pin 243505 village pandera

    Reply
  13. Hai sir , I am leaving in AP state,I also apply PMFBY
    ON Andra bank .Corp is chilly so rains is very bad . bore water was hevy ded levels. I paid insurance is rs 28000
    Lone amount 2,40,000,
    how to my insurance clim
    pls tell us

    Reply
  14. hanuman@colonygmali.comshivpuri sir mai 90% hendicapt hu sir mare ko koi labh nahi mil pa raha hi ki
    sir mai shivpuri mp. se bol raha hu sir mairy koi sunvai nahi hu pa rahi maine BA.Fanel kar
    liya hae mai aap se duya magu maire sarkari nokari dilbane ki krepa kare ki sir mai computar opreter
    par kam kar leta hu our office work ka kam kar leta hu our mare pas computar Iti hi

    Reply

Leave a Comment

Sarkari Yojana App Download
CLOSESHARE ON: