Pradhan
Mantri
Fasal Bima
Yojana

The PMFBY was launched in 2016 from kharif season and replaced Modified National Agriculture Insurance schemes in India.

The scheme has been launched with moto of One Nation One Crop One Premium. This new scheme aims at covering the losses suffered by farmers due to reduction in crop yield as estimated by the local government authorities through crop cutting experiments.

The scheme also covers pre sowing losses, post-harvest losses due to cyclonic rains and losses due to unseasonal rainfall in India. There is a provision to cover losses due to localized calamities such as inundation also in addition to the previously covered hailstorm and landslide risks.

This schemes aims to increase the penetration of crop insurance in rural market and cover 50 % of total sown area.

Key Feature

Low Farmer
Premium Rates

The rate of Insurance Charges payable by the farmer will be as per the following table

2.0%

of SI or Actuarial rate,
whichever is less
1.5%

of SI or Actuarial rate,
whichever is less
5%

of SI or Actuarial rate,
whichever is less

Key Feature

Use of
Technology

The new scheme envisages many new things such as utilizing innovative technologies like satellite imagery etc. coupled with the mandatory usage of smart phones / hand held devices for increasing the speed & accuracy during yield estimation. In order to minimize the area discrepancy in coverage, the scheme also promotes the digitization of land records.

For more details you can visit Government of India's website for Pradhan Mantri Fasal Bima Yojana. www.pmfby.gov.in

OBJECTIVE

ELIGIBILITY CRITERIA

COVERAGES

Providing financial support to farmers suffering crop loss/damage arising out of unforeseen events

Ensuring flow of credit to the agriculture sector; which will contribute to food security, crop diversification and enhancing growth and competitiveness of agriculture sector besides protecting farmers from production risks.

Stabilizing the income of farmers to ensure their continuance in farming

Encouraging farmers to adopt innovative and modern agricultural practices

ELIGIBILITY CRITERIA

The scheme is optional for all farmers including farmers who have been sanctioned short term Seasonal Agricultural Operations (SAO) loans/Kisan Credit Card (KCC) for the notified crops from Financial Institutions (FIs) (hereinafter referred to as loanee farmers). Existing loanee farmers have the option of opting-out from the Schemes by submitting requisite declaration to loan sanctioning bank branches any time during the year but at-least 7 days prior to the cut-off date for enrolment of farmers for the respective seasons. All those farmers who do not submit the declaration would be essentially covered.

Prevented Sowing/ Planting Risk

Insured area is prevented from sowing/ planting due to deficit rainfall or adverse seasonal conditions.

Standing Crop (Sowing to Harvesting)

Comprehensive risk insurance is provided to cover yield losses due to non- preventable risks, viz. Drought, Dry spells, Flood, Inundation, Pests and Diseases, Landslides, Natural Fire and Lightening, Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane and Tornado.

Post-Harvest Losses

Coverage is available only up to a maximum period of two weeks from harvesting for those crops which are allowed to dry in cut and spread condition in the field after harvesting against specific perils of cyclone and cyclonic rains and unseasonal rains.

Localized Calamities

Loss/ damage resulting from occurrence of identified localized risks of hailstorm, landslide, and Inundation affecting isolated farms in the notified area.

*General Exclusion - Losses arising out of war and nuclear risks, malicious damage and other preventable risks shall be excluded.

What is covered under PMFBY

Current Presence

Orrisa

Karnataka

Tamil Nadu

Assam

View Operational Guidelines Download Operational Guidelines

Farmer's Corner

GOI Website

To visit Government of India's website for Pradhan Mantri Fasal Bima Yojana.

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Application Status

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Click Here For Karnataka

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Farmer Login

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How do we avail PMFBY

FAQ – Frequently asked questions

What is Pradhan Mantri Fasal Bima Yojana?

Pradhan Mantri Fasal Bima Yojana (PMFBY) provides protection to farmers for the losses occurring due to adverse weather conditions resulting in crop losses.

What types of the risks are covered under this scheme?

Yield Losses It includes Natural Fire and Lightning; Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane, Tornado etc.; Flood, Inundation and Landslide; Drought, Dry spells; Pests/ Diseases etc

PREVENTED SOWING In cases where majority of the insured farmers of a notified area, having intent to sow/plant and incurred expenditure for the purpose, are prevented from sowing/planting the insured crop due to adverse weather conditions, shall be eligible for indemnity claims up to a maximum of 25%

Post-Harvest Losses Coverage is available upto a maximum period of 14 days from harvesting for those crops which are kept in cut & spread condition to dry in the field after harvesting, against specific perils of cyclone / cyclonic rains, unseasonal rains throughout the country.

Localised Calamities Loss / damage resulting from occurrence of identified localized risks i.e. hailstorm, landslide and Inundation affecting isolated farms in the notified area.

Who can avail crop insurance ( PMFBY)?

What are the Premium Rates?

Sr.No	Season	Crops	Maximum Insurance Charges Payable By Farmer(% of Sum Insured)
1	Kharif	All food grain and Oilseed crops (all Cereals, Millets, Pulses and Oilseed crops)	All food grain and Oilseed crops (all Cereals, Millets, Pulses and Oilseed crops)
2	Rabi	All food grain and Oilseed crops (all Cereals, Millets, Pulses and Oilseed crops)	1.5% of SI or Actuarial rate, whichever is less
3	Kharif and Rabi	Annual Commercial / Annual Horticultural crops	5% of SI or Actuarial rate, whichever is less

Is there any cut off dates to enroll under PMFBY ?

As per the new operational guidelines, the cut-off date for debiting premium from Farmers account, both loanee and non loanee would be, for Kharif – 15th July and Rabi – 15th December

How is Claim Calculated?

If ‘Actual Yield’ (AY) per hectare of insured crop for the insurance unit (calculated on basis of requisite number of CCEs) in insured season, falls short of specified ‘Threshold Yield’ (TY), all insured farmers growing that crop in the defined area are deemed to have suffered shortfall of similar magnitude in yield. PMFBY seeks to provide coverage against such contingency. ‘Claim’ shall be calculated at IU level as per the following formula: (Threshold Yield – Actual Yield)Threshold Yield * Sum Insured Where Threshold Yield (TY) for a crop in a notified insurance unit is the average yield of best 5 years from past seven years of that season multiplied by applicable Indemnity Level for that crop.

How can you register your claims for Localized Risk and Post-Harvest Losses?

We have dedicated PMFBY toll free number – 1800 266 4141
Losses arising out of war and nuclear risks, malicious damage and other preventable risks shall be excluded.

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Toll Free No. 1800 266 4141

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Pradhan Mantri Fasal Bima Yojana

Low Farmer Premium Rates

2.0%

1.5%

5%

Use of Technology