Not yet classifiedPMFBY

Pradhan Mantri Fasal Bima Yojana (PMFBY)

Provides subsidized comprehensive crop insurance cover to farmers against crop yield failures due to non-preventable natural calamities, pests, and diseases.

SubsidyFarmerExisting Micro / MSME
Benefit
Amount varies - see details
Typical lead time
Phase
Benefits

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Official fee

₹0 — completely free

PMFBY enrollment is free, but you must pay the regulated, subsidized premium cap (e.g. 1.5% or 2%) to active the crop insurance policy.

Beware of lookalike portals

Only enroll via pmfby.gov.in, CSC centers, or banks. Do not pay any agent claiming to guarantee quick claim payouts or settlement approvals.

Only the "Apply on official portal" button above leads to the verified government site.

Highlights and Media

Audio Summary Guide

PM Fasal Bima Yojana Premium Rates and Claims Guide

Generated via NirmanKit AI Voice

0:001:53

This AI-generated podcast overview simplifies complex scheme documents. Refer below for official text.

Key Highlights

Subsidized Premium Rates

Farmers pay a maximum premium of 1.5% for Rabi, 2% for Kharif, and 5% for commercial/horticultural crops.

Comprehensive Risk Cover

Covers yield loss, prevented sowing, localized calamities, and post-harvest damage.

Direct Claim Settlement

Subsidies and claims are directly credited to the farmer's linked bank account.

Premium Rate Slabs

Slab-wise premium cap paid directly by the farmer

Range / Slab
Guarantee Fee / Value
Rabi Crops

Foodgrains and oilseeds cultivated during the winter season.

1.5% Premium
Kharif Crops

Foodgrains and oilseeds cultivated during the monsoon season.

2.0% Premium
Commercial / Horticultural Crops

Annual commercial crops, spices, and horticultural plantations.

5.0% Premium

Who is eligible

  • Eligible farmer cultivating notified crops in notified areas.

Eligibility rules · v1 · effective 1 January 2020

Who is not eligible

  • Agricultural crop insurance is open to operating farmers and units.

How to apply

  1. Select Crop and Area details

    Log on to the PMFBY portal (pmfby.gov.in) or visit the nearest bank branch/CSC center. Input details of the cultivated crop and land survey numbers.

    Typical duration · 1 day

  2. Pay Subsidized Premium

    Calculate and pay the subsidized premium rate (ranging from 1.5% to 5.0% depending on crop type).

    Typical duration · 1 day

  3. Receive Premium Receipt and Policy Number

    Upon payment validation, the portal generates a premium receipt and policy schedule number confirming crop cover.

    Typical duration · 2 days

Sources

Additional Details

Pradhan Mantri Fasal Bima Yojana (PMFBY) is an agricultural crop insurance scheme launched by the Government of India. Formulated in line with the 'One Nation, One Scheme' theme, it provides comprehensive insurance coverage for food crops, oilseeds, and annual commercial/horticultural crops.

The scheme aims to stabilize the income of farmers by providing financial support in the event of crop loss due to natural perils such as drought, floods, dry spells, pests, localized calamities, and post-harvest damage (up to 2 weeks). Enrollment is completely voluntary for all farmers, including those availing crop loans.

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