PM Fasal Bima Yojana: The government runs many schemes to help farmers across the country. One of them is the Pradhan Mantri Fasal Bima Yojana (PMFBY). This scheme is an ambitious scheme of the government which provides financial security to farmers from crop loss due to natural disasters and other uncertainties.
What are the benefits
This scheme provides insurance to a variety of seasonal crops, such as food grains, pulses, oilseeds, horticulture and commercial crops. Farmers have to pay a low premium to get their crops insured. In case of loss, farmers can easily make a claim and receive compensation. The insurance scheme also helps farmers to obtain bank loans.
Apply like this
Farmers can apply for PMFBY by visiting their nearest CSC. You have to submit your identity, address, land related documents and proof of sowing the crop. Pay the fixed premium. Get the insurance certificate which will be proof of your crop insurance coverage.
How to make a claim
In case of crop damage, immediately inform your nearest CSC or insurance company. The insurance company will evaluate your farm and assess the damage. After evaluation you will receive compensation from the insurance company.
For how long can you get insurance
Insurance for Kharif crops has started under the Pradhan Mantri Fasal Bima Yojana. SBI General Insurance Company has been designated as the insurance company for 2024-25 and 2025-26. Kharif crops include paddy, maize, millet, sorghum, urad, tur, banana and chilli. The premium is payable by the farmers at two percent of the amount for paddy, maize, millet, sorghum, urad and tur crops and five percent for banana and chilli. The last date for insurance is 31 July. For more details related to the scheme, farmers can take help of the official website pmfby.gov.in. Apart from this, farmers can contact the helpline number 1800-180-1111 / 1800-110-001.
When did the plan start?
Prime Minister Modi launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) in 2016, which provides more benefits to farmers by removing anomalies in crop insurance.
