Know About Pradhan Mantri Fasal Bima Yojna (PMFBY)





Agricultural Insurance:  Pradhan Mantri Fasal Bima Yojna (PMFBY)


Safeguard farmers financially against natural risks like natural disasters/ calamities, insect, pests & diseases, and adverse weather conditions.

Appropriate crop insurance scheme applicable in particular area

Four insurance schemes are being implemented namely, Pradhan Mantri Fasal Bima Yojana (PMFBY), Weather Based Crop Insurance Scheme (WBCIS), Coconut Palm Insurance Scheme (CPIS) and Pilot Unified Package Insurance Scheme (UPIS) (45 districts). 






Coverage under PMFBY/WBCIS/CPIS/UPIS is compulsory if Farmers avail crop loan for notified crops.


Coverage is voluntary for non-loanee farmers.

Farmers can Contact District Agriculture officers of State Govt./nearest branch of bank/PACS Common Service Centre (CSC) or crop insurance company operating in taht area for availing the benefits under the Crop Insurance Scheme

Features of Pradhan Mantri Fasal Bima Yojna (PMFBY)

  • Insurance protection for food crops, oilseeds and annual horticultural/ commercial crops notified by state government
  • Uniform maximum premium for all farmers :
  • Kharif season - 2% of sum insured.
  • Rabi Season 1.5% of sum insured.
  • Annual commercial/horticultural crops - 5% of sum insured
  • The difference between actual premium and the rate of Insurance payable by farmers shall be shared equally by the Centre and State
  • Claims of full Sum Insured (SI), without capping or reduction in SI
  • If the sowing is not done due to adverse weather/climate, claims upto 25% of sum insured will be paid for prevented sowing/planting risk.
  • When the crop yield is less than the guaranteed yield of notified crops, the claim payment equal to shortfall in yield is payable to all insured farmers.
  •  If 50% loss in mid season of crop then on account advance payment, up to 25% of likely claims will be paid as immediate relief.
  • Losses caused by inundation, hailstorm and landslide would be assessed at individual farm level.
  • Post harvest losses assessment for damage to crops in cut and spread in the field up to 14 days on account of cyclonic rain and unseasonal rain in the entire country
  • Use of Remote Sensing Technology and drones to supplement Crop Cutting Experiments for faster settlement of claims
  • Implementing agency will be selected by the State Government through bid. 
Features of Weather Based Crop Insurance Scheme (WBCIS)
  • Insurance protection for notified food crops, oilseeds and annual horticultural/commercial crops
  • Uniform maximum premium for all farmers like PMFBY :
  • a) Kharif season - 2% of sum insured. b) Rabi Season 1.5% of sum insured. c) Commercial/horticultural crops 5% of sum insured.
  • The difference between actual premium and the rate of Insurance payable by farmers shall be shared equally by the Centre and State
  • When the weather indices (rainfall/ temperature/relative humidity/wind speed etc.) is different (less or higher) from the Guaranteed Weather Index of notified crops, the claim payment equal to deviation/shortfall is payable to all insured farmers of notified area
  • Provision for assessment of losses caused by hailstorm and cloudburst at individual farm level.
  • Implementing agency will be selected by the State Government through bid.
Features of Coconut Palm Insurance Scheme (CPIS)
  • Insurance protection for Coconut Palm growers.
  • Premium rate per palm ranges from Rs. 9.00 (in the plant age group of 4 to 15 years) to Rs. 14.00 (in the plant age group of 16-60 years).
  • 50-75% subsidy of premium is provided to all types of farmers.
  • When the palm damaged, the claim payment equal to input cost loss damage is payable to the insured in notified areas.
 Unified Package Insurance Scheme (UPIS) as pilot in notified districts
  • To provide financial protection & comprehensive risk coverage of crops, assets, life, and student safety to farmers
  • Pilot will include seven section Viz., crop Insurance (PMFBY/WBCIS), Loss of Life (PMJJBY), Accidental Death & Disability (PMSBY), Student Safety, Household, Agriculture implements & Tractor
  • Crop Insurance will be compulsory. However, farmers can choose at least two section from remaining.
  • Farmers may be able to get all requisite insurance products for farmers through one simple proposal/ application Form and through single window.
  • Two flagship schemes of the Government viz PMSBY & PMJJBY have been included apart from insurance of assets.
  • Pilot scheme will be implemented through single window
  • Processing of claims (other than Crop Insurance) on the basis of individual claim report.
Whom to C for contact  Pradhan Mantri Fasal Bima Yojna (PMFBY)?

Nearest branches of Bank/ PACS/Cooperative Banks/ Common Service Centre (CSC) Empanelled General Insurance Companies notified for the area and District Agriculture Officer/Block Development Officer may be contacted or visit web portal www.pmfby.gov.in 









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