Pradhan Mantri Fasal Bima Yojana (PMFBY) was launched from Kharif 2016 with aim to support production in agriculture by providing an affordable crop insurance product to ensure comprehensive risk cover for crops of farmers against all non-preventable natural risks from pre-sowing to post-harvest stage. It is a comprehensive, yield based crop insurance scheme which aims to provide financial support to farmers suffering crop loss/damage arising out of unforeseen events.

Objective of the Scheme

PMFBY aims at supporting sustainable production in agriculture sector by way of:

• • Providing financial support to farmers suffering crop loss/damage arising out of unforeseen events
• • Stabilizing the income of farmers to ensure their continuance in farming
• • Encouraging farmers to adopt innovative and modern agricultural practices
• • Ensuring credit worthiness of the farmers, crop diversification and enhancing growth and competitiveness of agriculture sector besides protecting the farmers from production risks.

The Services are live on CSC National Portal, Digital Seva, since February, 2019.

Coverage of Farmers

• • All farmers including sharecroppers and tenant farmers growing the notified crops in the notified areas are eligible for coverage.
• • Farmers in the nation who have never used an insurance system before will be deemed eligible for this program
• • The non-loanee farmers are required to submit necessary documentary evidence of land records prevailing in the State (Records of Right (RoR), Land possession Certificate (LPC) etc.) and/or applicable contract/agreement details (in case of sharecroppers/tenant farmers).
• • Compulsory Component: All farmers availing Seasonal Agricultural Operations (SAO) loans from Financial Institutions (i.e. loanee farmers) for the crop(s) notified would be covered compulsorily.
• • Voluntary Component: The Scheme is optional for the non-loanee farmers.
• • Both PMFBY and other notified scheme can be implemented for non-loanee farmers in the area(s) notified for PMFBY. Non-loanee farmers can choose between PMFBY and other notified scheme.