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PMFBY | What is Pradhan Mantri Fasal Bima Yojna?

PMFBY: What is Pradhan Mantri Fasal Bima Yojna?

Pradhan Mantri Fasal Bima Yojana is one of India’s schemes to compensate the farmers for the loss caused due to crop-related problems. Pradhan Mantri Fasal Bima Yojna (PMFBY) is a scheme to insure the farmers’ crops in the same way that people or cars, and shops can be insured. With the help of this Pradhan Mantri Fasal Bima Yojna, farmers can get compensation for crop losses due to unexpected or adverse weather conditions.

Who can insure crops in PMFBY?

All indebted or non-borrowing (Tenant) farmers can avail of notified crop insurance in the notified area.  This scheme is voluntary for indebted or non-borrowing farmers.  The last date for registration is usually July 31.  You can contact the CSC Center (PMFBY) Portal, Insurance Company, or the Agriculture Office for information on notified crops and deadlines in your area. The borrower farmer can be removed by himself from the scheme by submitting a self-declaration form to the concerned bank branch at least seven days before the last date of registration.

How will the amount of money insured for the farmer under PMFBY be determined?

The District Level Technical Committee determines the Sum Assured amount based on the crop’s Scale of Finance or the average production of the crop in the previous year and the Minimum Support Price of the produce.

How much premium does a farmer have to pay for crop insurance?

  • 2% for Kharif crop,
  • 1.5% for Rabi crop,
  • maximum 5% for insured funds for commercial and horticultural crops.

Which losses are covered under the Prime Minister’s Crop Insurance Scheme?

1. Protects non-germination of crops due to adverse weather conditions or low rainfall in the insured area. 2. Insurance is provided for crop damage during droughts, floods, pest and disease infestation, landslides, wildfires, lightning, hurricanes, hailstorms, and cyclones. 3.The PMFBY will provide compensation for losses incurred at various stages and losses due to local disasters.

What is the best way for farmers to get insurance if they don’t have any loans?

A farmer who will wish to avail of insurance under the Prime Minister’s Crop Insurance Scheme should go to their nearest bank branch / co-operative society / authorized channel partner /CSC Center/insurance company or contact their authorized agent.  You can apply online by visiting the Crop Insurance Portal at
Will the indebted farmer can change the insured crop, and how long can they inform the bank?
The answer is, indebted farmers can exchange their insured crops.  The farmer can inform the bank branch about the change of his crop within two days before the last date of registration as prescribed by the State Government.
What are the documents required for a non-borrowing farmer to submit crop insurance?
Land ownership documents (ROR) and land acquisition certificate (LPC), Aadhaar card, bank passbook (first page with bank account details), crop seed planting certificate (If it has been made compulsory as per the State Government Act).  It is mandatory to submit etc.  If you have rented the land from the owner then, the contract documents with the landowner, the lease agreement are binding.
What is the process of reporting crop damage due to local disasters?
The affected insured farmer must directly inform the insurance company’s toll-free number or crop insurance app or bank/agriculture department in writing within 72 hours of the incident.  Information on the farmer’s name, mobile number, notified cycle, bank name, bank account number, type of disaster, damaged crop, etc., should be mentioned.

What is an insurance group under PMFBY?

Under PMFBY, the insurance group is determined by the State Government on a sector basis.  The State Government may designate the village panchayat or any other equivalent group as the leading crop insurance group and the district/taluka or equivalent group as the minimum crop minimum.

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