Please enter your Keyword for Search
    • 1. Pradhan Mantri Fasal Bima Yojana (PMFBY)

      The Pradhan Mantri Fasal Bima Yojna (PMFBY) was introduced on 14th January 2016, in a move aimed at reducing agricultural distress and farmer’s welfare without having to affect hefty hikes in the Minimum Support Prices (MSP) of agricultural products prices due to Monsoon fluctuations induced risks The PMFBY Scheme operates on the basis of ‘Area Approach’ i.e., Defined Areas for each notified crop for widespread calamities.


    • 2. Objective

      It aims at supporting sustainable production in agriculture sector.


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

      2.  Stabilizing the income of farmers to ensure their continuance in farming

      3.  Encouraging farmers to adopt innovative and modern agricultural practices

      4. 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.

    • 3. Crop Coverage

      The crops that are covered under the PMFBY scheme are mentioned as below.


      1) Food crops (Cereals, Millets and Pulses),

      2) Oilseeds

      3) Annual Commercial / Annual Horticultural crops.


    • 4. Eligibility Criteria

      All farmers including sharecroppers and tenant farmers growing the notified crops in the notified areas are eligible for coverage. However, farmers should have insurable interest for the notified/insured crops.


    • 4.1 Compulsory component

      All farmers having been sanctioned Seasonal Agricultural Operations (SAO) loans from Financial Institutions (i.e. loanee farmers) for the notified crop(s) season would be covered compulsorily.


    • 4.2 Voluntary Component

      The Scheme is optional for non-loanee farmers.


    • 5. Coverage of Risks and Exclusions

       Following stages of the crop risks leading to crop loss are covered under the Scheme.


    • 5.1. Prevented Sowing/Planting/Germination Risk

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

    • 5.2. Standing Crop

      Comprehensive risk insurance is provided to cover yield losses due to non-preventable risks, viz. Drought, Dry spell, Flood, Inundation, Pests and Diseases, Landslides, Fire due to natural causes ,Lightening, Storm, Hailstorm and Cyclone


    • 5.3. Post-Harvest Losses

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

    • 5.4. Localized Calamities

       Loss/damage to notified insured crops resulting from occurrence of identified localized risks of hailstorm, landslide, inundation, cloud burst and natural fire due to lightening affecting isolated farms in the notified area.


    • 6. General Exclusions:

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


    • 7. Premium Rates and Premium Subsidy

      A low farmer premium rate is charged and subsidy is provided by State & Central Govt. The rate of premium payable by the farmer will be as per the following table:




      Maximum Premium payable by farmer (% of Sum Insured)*


      All food grain and Oilseeds crops (all Cereals, Millets, Pulses and Oilseeds crops)

       2.0% of SI or Actuarial rate, whichever is less


      All food grain and Oilseeds crops (all Cereals Millets, Pulses and Oilseeds crops)

       1.5% of SI or Actuarial rate, whichever is less

            Kharif and Rabi

      Annual Commercial/ Annual Horticultural crops

       5% of SI or Actuarial rate, whichever is less



    • 8. Adoption of Technology

      In an endeavor to integrate Technology in implementation and execution of the Scheme, the Govt. of India has designed and developed a National Crop Insurance Portal. States adopt the technology, such as satellite and UAV remote sensing, for various applications such as resolution of area discrepancy and yield disputes and also promote the use of remote sensing and other related technology for Crop Cutting Experiment planning, Yield estimation, loss assessment, assessment of prevented sowing and clustering of districts.


    • 9. Increased Farmer Awareness

      To increase the farmer coverage under this PMFBY scheme, efforts are made to create farmer awareness by using various marketing techniques so that maximum number of farmers can enroll and avail benefits of the scheme.


    • 10. Better Coverage


      Pradhan Mantri Fasal Bima Yojana (PMFBY) aims at covering the losses suffered by farmers due to reduction in crop yield as estimated by the local appropriate government authorities.

      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.


    • 11. Business Statistics

      Insurance Company




      No. of Farmers Insured

      Paid Claims (Lakhs)

      Tata AIG






      Tata AIG






      Tata AIG






      Tata AIG



      Uttar Pradesh



      Tata AIG






      Tata AIG



      Uttar Pradesh





    Information & Disclaimers