Pradhan Mantri Fasal Bima Yojana
Full sum insured at premiums of just 1.5–5% — losses covered by government
What is PM Fasal Bima Yojana?
Pradhan Mantri Fasal Bima Yojana provides comprehensive crop insurance to farmers against losses due to natural calamities (flood, drought, hailstorm), pest and disease attacks, and post-harvest losses. The premium is heavily subsidised — farmers pay only 1.5% for Rabi crops, 2% for Kharif food crops, and 5% for commercial/horticultural crops. The remaining premium is borne by the Central and State governments.
Key Benefits
• Farmer's premium: only 1.5% (Rabi), 2% (Kharif), 5% (commercial crops)
• Remaining premium paid by Centre and State governments
• Coverage for sowing failure, standing crop loss, post-harvest loss, and localised calamities
• Claims settled directly to bank account
• Full sum insured — not capped at premium amount
• Mobile app for loss reporting within 72 hours of damage
Who is Eligible?
All farmers — loanee farmers (enrolled compulsorily when taking crop loans) and non-loanee farmers (voluntary enrollment). Tenant farmers and sharecroppers are also eligible. You must cultivate the notified crop in the notified area.
Documents Required
• Aadhaar card
• Bank account details
• Land records / patta / tenancy agreement
• Sowing certificate (for Rabi crops)
• Crop loan account number (for loanee farmers)
How to Apply
Enroll at pmfby.gov.in, at your bank branch, CSC, or through insurance company agents before the cut-off date (usually 2 weeks before crop sowing). Non-loanee farmers must actively enroll each season. If crop damage occurs, report within 72 hours via the PMFBY app or toll-free number 14447.
Scheme Assistance
N. Senthilkumar Nagendran
BJP Zone Incharge, Tamil Nadu — leading Seva Sankalp Abhiyan to bring every Central scheme to your doorstep.
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