Agriculture
Pradhan Mantri Fasal Bima Yojana
Ministry of Agriculture & Farmers Welfare · Launched 2016
A crop insurance scheme that protects farmers against the financial loss from crop failure due to natural calamities, pests and diseases.
Key benefit
Insurance payout for crop loss against a low, subsidised premium paid by the farmer.
Eligibility criteria
- All farmers growing notified crops in a notified area
- Includes sharecroppers and tenant farmers with proof of cultivation
- Compulsory for farmers with crop loans (loanee farmers), voluntary for others
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Documents required
- Aadhaar Card
- Land records or tenancy agreement
- Bank account linked with Aadhaar
- Sowing certificate or crop details
How to apply
- 1Visit the official PMFBY portal or your nearest bank/CSC
- 2Select the crop, season and area to be insured
- 3Submit land and bank details with documents
- 4Pay the subsidised premium and collect the policy acknowledgement
Frequently asked questions
What premium does a farmer pay under PMFBY?
Farmers pay a maximum of 2% for Kharif, 1.5% for Rabi food and oilseed crops, and 5% for commercial or horticultural crops; the rest is subsidised.