Benefit Amount
Crop loss coverageInsurance
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ℹAbout Pradhan Mantri Fasal Bima Yojana
The Pradhan Mantri Fasal Bima Yojana is a crop insurance scheme that protects farmers from financial losses when their crops fail due to natural disasters, pests, diseases, or other unexpected events. Farmers pay a small premium (usually 2% for crops) and receive compensation if their crops are damaged or fail, helping them recover losses and continue farming without debt. The scheme covers all types of farmers across India, and you can apply online at pmfby.gov.in or through your nearest bank or agricultural office by submitting your Aadhaar, land records, and sowing certificate.
Ministry
Ministry of Agriculture
✓Who Is Eligible?
The Pradhan Mantri Fasal Bima Yojana is open to all farmers in India who meet the basic eligibility criteria. You must be at least 18 years of age to apply for this scheme. There are no income restrictions, meaning both poor and wealthy farmers can apply equally. The scheme does not discriminate based on caste or social category, so all farmers regardless of their background are welcome. You must own or cultivate agricultural land to be eligible, whether you own the land personally or lease it for farming purposes. There are no gender restrictions, so both male and female farmers can apply. The scheme is available across all of India, so farmers from any state or region can participate. Whether you are a marginal farmer with small land holdings or a large farmer with extensive fields, you are eligible to join. Self-employed farmers, tenant farmers, and sharecroppers are all included. There are no restrictions based on the type of crops you grow, as the scheme covers all types of agricultural produce. For specific eligibility details and any recent updates to the criteria, it is recommended to check the official portal at pmfby.gov.in or contact your local agricultural office.
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Category: General, OBC, SC, ST📝How to Apply for Pradhan Mantri Fasal Bima Yojana
Applying for the Pradhan Mantri Fasal Bima Yojana is simple and can be done in a few easy steps. First, gather all required documents including your Aadhaar Card, Bank Passbook, Land Records, and Sowing Certificate before you start. Second, visit the official website pmfby.gov.in or go to your nearest bank or agricultural office in your area. Third, fill out the application form with your personal details, agricultural land information, and crop details that you want to insure. Fourth, submit your documents along with the completed form either online on the portal or at your bank or agricultural office. Fifth, pay the insurance premium amount, which is usually just 2 percent of the crop value, through your bank or online payment method. Sixth, keep a copy of your application receipt and confirmation for future reference. Finally, once your application is approved, you will receive your insurance policy details, and you are now covered against crop losses due to natural disasters, pests, or diseases. Make sure to apply during the specified application period each season to ensure your crops are protected.
Visit Official Portal →📄Documents Required4 required
?Frequently Asked Questions
1What is the premium amount farmers need to pay under PMFBY?
The premium amount varies by crop and state, but generally farmers pay only 2% of the sum insured for kharif crops and 1.5% for rabi crops. The remaining premium is shared by the central and state governments, so farmers pay a very small amount.
2What crops are covered under this scheme?
The scheme covers all food crops (cereals, pulses, oilseeds) and cash crops like cotton, sugarcane, tobacco, potato, onion, turmeric, and many others. The list varies by state. You can check your state's list on the official pmfby.gov.in portal.
3How much compensation will I get if my crop fails?
The compensation is based on the declared value of your crop and the extent of loss. If you have 33% or more crop loss, you get compensation. The maximum compensation varies but can range from Rs. 40,000 to Rs. 1 lakh per hectare depending on the crop and state.
4How do I claim insurance if my crop is damaged?
If your crop is damaged, you must inform your insurance company or bank within 72 hours by filing a claim. The insurance company will verify the loss through assessment and process your claim. Compensation is usually credited to your bank account within 1-2 months.
5By what date must I apply for PMFBY coverage?
For kharif crops, applications must be submitted by 31st July. For rabi crops, the deadline is 31st December. It is best to apply during the sowing season to get coverage from the beginning of the crop cycle.
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Get a detailed step-by-step walkthrough with tips, common mistakes to avoid, and expert guidance for Pradhan Mantri Fasal Bima Yojana.
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