Pradhan Mantri Fasal Bima Yojana (PMFBY)

PMFBY aims to mitigate the financial risks associated with agricultural practices and ensure that farmers get adequate compensation for their crop losses.

Scheme Overview

Coverage: All food crops and oilseeds and annual commercial and horticultural crops are covered under PMFBY.

Premium: The premium rates are subsidized and affordable for farmers, with a maximum cap on premium rates.

Sum Insured: The scheme provides coverage for the yield loss at the post-harvest stage also.



Financial Security: Farmers receive compensation for their crop losses due to natural calamities.

Affordable Premiums: Government subsidies make premiums affordable for farmers.

Encourages Risk Management: Promotes adoption of modern agricultural practices and technology.


Sometimes, there may be delays in the settlement of claims, affecting farmers' financial planning.

Application Process

Visit website :

Registration: Farmers need to register themselves on the portal and provide necessary details.

Enrollment: Enroll for the scheme during the specified enrollment period.

Premium Payment: Pay the premium amount, which is subsidized by the government.

Policy Issuance: Receive the insurance policy with coverage details.

PMFBY safeguards Indian farmers from crop losses, providing financial security and promoting modern agricultural practices.


To learn more about Pradhan Mantri Kisan Samman Nidhi Scheme, click the link below .