Details about Pradhan Mantri Fasal Bima Yojana (PMFBY)
Launched on February 18, 2016, the Pradhan Mantri Fasal Bima Yojana (PMFBY) is a government-backed crop insurance scheme designed to protect Indian farmers from financial losses due to natural disasters, pests, and diseases. This initiative, led by the Ministry of Agriculture, provides affordable crop insurance with low premiums, ensuring farmers can recover from unexpected losses.
Key Features of PMFBY
✔ Financial Protection: Covers crop losses caused by hailstorms, droughts, floods, and pest attacks.
✔ Affordable Premiums: Farmers pay a minimal insurance premium while the government covers the rest.
✔ Wide Coverage: Over 50 crore farmers and 50+ crops are insured under this scheme.
✔ Easy Enrollment: Available through banks, insurance companies, and online platforms.
Objectives of PMFBY
🔹 Support Farmers in Crisis: Provides financial aid in case of crop failure.
🔹 Stabilizes Income: Helps farmers maintain a steady income despite losses.
🔹 Encourages Modern Farming: Promotes the adoption of innovative agricultural techniques.
🔹 Boosts Agricultural Growth: Enhances crop diversification and creditworthiness.
By securing farmers against uncertainties, PMFBY strengthens India’s agricultural sector, ensuring sustainable growth and food security. Farmers can easily apply for crop insurance through their nearest bank, insurance provider, or online portals.
For more details, visit the official government website or contact your local agriculture office. 🚜🌾
Benefits of Pradhan Mantri Fasal Bima Yojana (PMFBY) – Secure Your Crops, Secure Your Future
The Pradhan Mantri Fasal Bima Yojana (PMFBY) offers multiple benefits to Indian farmers, ensuring financial security and risk protection against natural disasters, pests, and diseases. Here’s why farmers should opt for this government-backed crop insurance scheme:
1️⃣ Affordable Premiums 💰
- Farmers pay only 2% for Kharif crops, 1.5% for Rabi crops, and 5% for commercial/horticultural crops.
- The government covers the remaining premium, making it cost-effective.
- 100% premium subsidy for farmers in North-Eastern states, Jammu, Kashmir, and Himachal Pradesh.
2️⃣ Comprehensive Coverage 🌾
- Covers natural calamities like droughts, floods, storms, and hailstorms.
- Protection against pests and diseases that damage crops.
- Post-harvest losses due to hailstorms and landslides are also covered.
3️⃣ Timely Compensation ⏳
- Fast claim processing ensures farmers receive compensation within two months of harvest.
- Prevents farmers from falling into debt and ensures financial stability.
4️⃣ Technology-Driven Implementation 🚀
- Satellite imaging, drones, and mobile apps are used for accurate assessment of crop loss.
- Ensures transparent and quick claim settlements.
Risks Covered Under PMFBY 🌦️
✔ Yield Losses (Standing Crops): Protection against natural calamities like fire, lightning, storms, floods, and droughts.
✔ Prevented Sowing: If farmers cannot sow due to adverse weather, they receive up to 25% of the sum insured.
✔ Post-Harvest Losses: Covers crops damaged within 14 days after harvest due to cyclonic rains.
✔ Localised Calamities: Provides individual farm-level coverage for risks like hailstorms, landslides, and inundation.
With PMFBY, farmers can secure their livelihood, reduce financial risks, and continue farming with confidence. Apply today through banks, insurance companies, or online portals to safeguard your crops! 🚜🌾
What is the eligibility criteria for Pradhan Mantri Fasal Bima Yojana (PMFBY)?
The Pradhan Mantri Fasal Bima Yojana (PMFBY) is open to all farmers, tenant farmers, and sharecroppers who cultivate notified crops in designated areas. To be eligible, farmers must meet the following criteria:
✅ Who Can Apply?
✔ All Farmers – Including tenant farmers and sharecroppers growing notified crops.
✔ Land Ownership Proof – Must have a valid land ownership certificate or a land tenure agreement.
✔ Cultivation Requirement – Must be actively cultivating or sharecropping on the insured land.
✔ Timely Application – Farmers must apply within 2 weeks of the sowing season.
✔ No Duplicate Compensation – Farmers should not have received compensation for the same crop loss from any other scheme or source.
❌ Who is Not Eligible? (Exclusions)
⛔ Non-Notified Areas – Farmers in areas not covered under PMFBY are not eligible for compensation.
⛔ Losses Outside Crop Cycle – Damage occurring before or after the growing season is not covered.
⛔ Farmer Negligence – Losses due to improper farming practices or failure to protect crops may be excluded.
⛔ Exceeding Loss Limits – Losses beyond the predefined coverage limits may not qualify for claims.
⛔ Non-Payment of Premium – Farmers must pay the required premium; failure to do so can lead to policy cancellation.
PMFBY ensures financial security and risk coverage for farmers. To apply for crop insurance, visit your nearest bank, insurance provider, or online portal before the deadline! 🚜🌾
How to apply for Pradhan Mantri Fasal Bima Yojana (PMFBY)?
Farmers can apply for PMFBY crop insurance through online portals, offline bank visits, or Common Service Centres (CSCs). Follow the simple steps below to ensure hassle-free enrollment.
📌 Online Application Process
🔹 Step 1: Visit the Official Website – Go to PMFBY’s website.
🔹 Step 2: Register as a Farmer
- Click on “Farmer Corner” (top-right corner).
- Select “Guest Farmer” to begin registration.
- If already registered, proceed to Step 4.
🔹 Step 3: Fill the Registration Form
- Provide personal details (Name, Age, Gender, Mobile Number, etc.).
- Enter residential details (State, District, Village, Address, PIN Code).
- Provide farmer ID and bank account details (Aadhar, IFSC Code, Bank Name, Account Number).
- Fill the Captcha Code and click “Create User”.
🔹 Step 4: Log in to Apply
- Click on “Farmer Corner (Apply for Crop Insurance Yourself)”.
- Select “Login for Farmer” and enter your mobile number.
- Enter the OTP sent to your registered mobile number.
🔹 Step 5: Fill & Submit Application
- Complete the Farmer Application Form with crop details.
- Upload mandatory documents in the required format.
- Review your details and click “Submit”.
🔹 Step 6: Payment Process
- Choose “Pay Later” or “Make Payment” to complete the insurance process.
- Upon payment, download or print the receipt.
🔹 Step 7: Track Your Application
- Check your application status anytime on the PMFBY website under “Application Status”.
📌 Offline Application Process
🔹 Step 1: Visit the Nearest Bank or Insurance Office
- Request the PMFBY application form from the staff.
🔹 Step 2: Fill Out the Application Form
- Provide personal, land, and bank details.
- Attach self-attested copies of required documents.
🔹 Step 3: Submit the Form & Make Payment
- Submit the completed form along with the insurance premium.
- Receive an application reference number for tracking.
🔹 Step 4: Track Your Application
- Visit the PMFBY website and use the Application Status option.
📌 Application via Common Service Centres (CSCs)
🔹 Step 1: Visit a Nearby CSC Centre
- Find a government-authorized CSC in your area.
🔹 Step 2: Apply with Assistance
- Inform the Village Level Entrepreneur (VLE) at CSC about your intent to apply.
- Provide necessary details and documents.
🔹 Step 3: Submit & Pay Premium
- Pay the applicable insurance premium based on crop and location.
🔹 Step 4: Receive Acknowledgement
- Collect a receipt as proof of application.
🔹 Step 5: Track Your Application
- Use the PMFBY website to monitor your application status.
💡 Pro Tip: Keep copies of all submitted documents and your receipt for future reference.
By following these simple steps, farmers can secure their crops against losses and ensure financial stability with PMFBY insurance coverage. 🚜🌾 Apply today!
What are the documents required to apply for Pradhan Mantri Fasal Bima Yojana (PMFBY)?
To apply for PMFBY crop insurance, farmers need to submit the following documents. Ensure all documents are clear and valid for a smooth application process.
✅ Mandatory Documents
📌 Personal Identification Proof (Any One)
✔ Aadhaar Card
✔ PAN Card
✔ Voter ID
✔ Bank Passbook with Photo
✔ Kisan Photo Book
✔ NREGA Job Card
📌 Address Proof (Any One)
✔ Aadhaar Card
✔ PAN Card
✔ Voter ID
✔ Electricity Bill
✔ Bank Passbook with Photo
📌 Bank Details
✔ Bank Passbook (for premium payments & claim settlements)
📌 Land Ownership Proof
✔ Record of Rights (RoR)
✔ Land Possession Certificate (LPC)
✔ Any state-approved land agreements/contracts
📌 Crop Declaration
✔ A self-declaration stating the crop sown or intended to be sown
📌 Recent Passport-Sized Photograph
📌 Pro Tips for a Hassle-Free Application
✔ Ensure documents are clear, valid, and up-to-date
✔ Keep digital copies ready for online application
✔ Visit the nearest bank, CSC, or PMFBY portal to apply
By submitting these documents, farmers can secure their crops against natural disasters and losses. 🌾🚜 Apply now for financial protection!
Source and References
Revamped Operational Guidelines
