Pradhan Mantri Fasal Bima Yojana (PMFBY)

About the Scheme

PMFBY provides comprehensive crop insurance coverage against natural calamities, pests, and diseases. The farmer pays only 2% of the sum insured for Kharif crops, 1.5% for Rabi crops, and 5% for commercial/horticultural crops. The remaining premium is subsidized by the government. The scheme covers all food & oilseed crops and annual commercial/horticultural crops.

Benefits

• Comprehensive risk coverage for crops
• Very low premium: 2% Kharif, 1.5% Rabi, 5% Commercial
• Coverage against natural calamities, pests, diseases
• Prevented sowing and post-harvest losses covered
• On-account payment for mid-season adversity

Eligibility Criteria

• 1All farmers including sharecroppers and tenant farmers
• 2Must have insurable interest in the crop
• 3Compulsory for loanee farmers (with crop loans)
• 4Voluntary for non-loanee farmers

Documents Required

Frequently Asked Questions