(PMFBY) Apply Pradhan Mantri Fasal Bima Yojana | crop insurance scheme


(PMFBY)  Pradhan Mantri Fasal Bima Yojana  | Crop Insurance Scheme

As part of budget 2017 finance minsiter made some big announcements and one of them is related to Fasal Bima Yojana. For fiscal year 2017-2018, General Insurance Companies in India will experience massive revenue growth. This is because of the fact that the Union Budget of 2017-2018 announced a budget allocation of INR 13,240 crores for FY 2017-2018 for Fasal Bima Yojana. Currently, this budget stands at INR 5,500 crores.

During the budget speech today (February 1, 2017), Arun Jaitley – current Finance Minister of India, announced that the budget will be increased for increasing the coverage provided for crop area under the PMFBY or Pradhan Mantri Fasal Bima Yojana. The government aims at providing coverage for 40% of crop area in FY 2017-2018 and this will be ramped up to 50% coverage in the next fiscal year. As a result of this, budget allocation has been ramped up by more than 100%.

Currently, crop insurance is provided under the Fasal Bima Yojana for products of Kharif and Rabi. The currently allocated budget for crop insurance is INR 5,500 crores.

Jaitley announced that the government is expecting 4.1% growth in agriculture because of better monsoons. The agrarian industry experienced a massive government-push for crop insurance and farmers actually had their crops covered / insured for both the seasons. This happened because in previous years, many farmers made massive claims after bad rainfalls.

Crop insurance has been made affordable by the government using Fasal Bima Yojana. Currently even small farmers and medium farmers are capable of affording crop insurance. This is largely due to the fact that for Rabi crops, farmers need to provide only 1.5% of total premiums and for Kharif crops, the farmers are required to pay only 2% of total premiums.

Fasal Bima Yojana has also reduced farmers’ share of premium to 5% for annual crops that fall under horticultural and commercial categories. The scheme also provides coverage to share-croppers and other non-loanee farmers.

There are various insurers who have been empaneled under the Fasal Bima Yojana. They are:

  • SBI General Insurance
  • IFFCO-Tokio General Insurance
  • HDFC-ERGO General Insurance
  • ICICI-Lombard General Insurance
  • Agricultural Insurance Company of India

There are six other insurers listed in Fasal Bima Yojana.

The Scheme does not cap premium rates. Also, claims against total sum assured is paid out without a single penny being deducted.

States like Andhra Pradesh, West Bengal, Orissa, Himachal Pradesh, Jharkhand, Uttarakhand etc. have nicely embraced the scheme and they have actually given contracts to insurers to offer crop insurance in those states.

Good thing that state governments are free to allocate more budget into the scheme, if required. For instance, Maharashtra, which has been hit by droughts have actually increased state budget allocation for PMFBY.

On 13th January, 2016, the Govt. under the leadership of Prime Minister Shree Narendra Modi has launched a new crop insurance policy named pradhan mantri fasal bima yojana this will help in easing of the burden of premiums on farmers who take loans for their cultivation. The new crop insurance scheme will have a rebated premium rate on the principal sum insured. The Union cabinet has also decided to make the settlement process of the insurance claim, fast and easy so that the farmers do not have to face any trouble regarding the crop insurance plan.

pradhan mantri fasal bima yojana

Pradhan Mantri fasal bima yojana will be implemented under a budget of Rs. 17,600 crore. This will not only save the farmers from getting their crops damaged in natural calamities, but also will provide financial support to them. The Govt. has pledged to fight the burning issue of the increasing number of farmers’ suicide in the country. This scheme will be implemented throughout the country and will start its functioning from the next Kharif season of crop harvesting, i.e. June. The insurance burden will be collectively taken by the centre as well as state governments.

India is a land of farmers where the maximum proportion of rural population depends on agriculture. So the Govt. of India is dedicated to protect its farmers. This will not only help in sustaining livelihood of the farmers, but also increase the yield of crops grown. But there are several natural hindrances which prevent growth of crops. These are droughts, irregular rainfall, floods, etc. These natural calamities result in poor yield of crops and as the crops gets damaged midway and production becomes less. Another problem is when there is an over production of crops which happens sometimes.

Then the market demand falls and thus the farmers do not get good prices for their crops and suffer great losses. This leads to greater economic losses for farmers and in some cases, farmers commit suicide. So to provide financial support to the farmers of this country, the Govt. of India has replaced the old crop insurance plan and drafted a new one this year.

Earlier, the insurance scheme which was functional was called the National Agriculture Insurance Scheme (NIAS), which was implemented in the year 1999. But there were some loopholes in that scheme. It was implemented only in 14 states of India. The insurance settlements were handled by the insurance company named, Agriculture Insurance Company of India Ltd. (AIC). Under NIAS, the insurance premium rates were 1.5 % to 3.5 % of the total sum assured for food crops like pulses, oilseeds, cereals, etc. But for commercial crops like cotton and horticultural crops, the actuarial premium rates were charged.

The NIAS facilities were given according to the areas where the calamities are frequent and later it was converted into MNIAS i.e. Modified NIAS. The MNIAS was also not a successful project as it was applied in six states of India. But these schemes were not successful because of several reasons like low sum insured amount and slow claim process.

According to reports of Home Ministry, in the past year 2015, there were 207 draught hit districts throughout the country where the farmers suffered great economic losses on crop cultivation. Also reports show that more than 300 districts were affected by irregular rainfall. This resulted in a large number of farmer suicides as there was no strong insurance plan to get through the losses and start afresh. Over 3000 farmers have chosen the path of suicide in the last three years. Most suicide cases were registered with the state of Maharashtra.

So to fight back this problem and to provide a good financial support to the farmers of the country, the Modi Govt. has launched the new crop insurance scheme by making some alterations in the existing scheme. The new scheme is named Pradhan Mantri Fasa Bima Yojana (PMFBY). Under this new crop insurance plan, the premium rates will be discounted from the existing rates for all types of crop like Kharif crops, Rabi crops, horticulture crops and commercial crops.

As per pradhan mantri fasal bima yojana, the premium will be 2 % of the sum insured for Kharif season crops and 1.5 % for Rabi season crops. The rates are also applicable for oilseeds. The premium rates for commercial crops like cotton and other horticultural crops will be 5 % of the insurance sum assured. The govt. has also stressed on the use of technology to provide a strong insurance scheme to farmers and make the process efficient and fast.

At present, only those farmers who have taken loans from the Govt. for their cultivation is eligible for insurance of their crops. But according to the new scheme, all farmers whether he has taken a loan or not, is eligible for the new crop insurance scheme. The insurance plan will be handled under a single insurance company, AIC and entire insurance process, right from joining of farmers to disbursement of claim is to be made electronically to make it a fraud free and effective scheme.

Apply Fasal Bima Yojana in SBI and cost

A lot of readers have asked about the process to apply fasal bima yojana in sbi and its respective cost. Since this is a new scheme so government have not come up with exact estimate of the cost and even SBI does not have a document stating this. So wait for some time to get the exact information.


Scheme Applicable In All Union territories and States
Who are eligible Tenant, sharecropper and SAO loan farmers
Crops Kharif And Rabi Crops
Premium rates 1.5% to 3.5 SI/Actuarial rate or less
Risk coverage on Natural Disasters and pest attack
Sum of Coverage Depends on the Premium
Duration of The Scheme Three Years

Eligibility Fasal Bima Yojana

The PM Fasal bima Yojana is a flagship crop insurance scheme which has been launched by the NDA Govt. in January, 2016 benefitting all the farmers of the nation. The Ministry of Agriculture, which is administering the implementation of this crop insurance scheme all over India, has set some guidelines regarding the eligibility criteria of the nature of beneficiaries. The farmers must become eligible for the Fasal Bima scheme to get financial benefits from the centre for their cross wastage.

The beneficiaries of the scheme must be Indian farmers harvesting Rabi, Kharif or other commercial and horticultural crops. Earlier, the old crop insurance scheme was NAIS which was not covered in all states or districts of the country. But in this new scheme, all farmers of all districts of India are eligible.

The farmers must harvest those crops which are notified for harvesting under the Ministry of Agriculture in that land / area. After that if the crop gets damaged due to natural calamities, pests, etc., and then only insurance claim can be made, otherwise not. Those farmers who have already a crop loan account with the Govt. arte automatically eligible for this scheme.


  1. Over 90 lakhs farmers have availed this scheme (PM Modi) as on 22nd August

(PMFBY) Pradhan Mantri Fasal Bima Yojana in Hindi 

भारत देश कृषि प्रधान देश हैं इसकी आर्थिक व्यवस्था कृषि एवं किसानो पर निर्भर करती हैं. परन्तु गत कई वर्षो से किसानो की हालत बिगड़ती ही जा रही हैं उन्हें मजबूती एवम सहारा देने के उद्देश्य से फसल बिमा एक नयी कृषि से संबंधी बिमा पॉलिसी शुरू की जा रही हैं.

प्रधानमंत्री फसल बिमा योजना, किसानो के लिए कुछ हद तक राहत का कार्य करेगी, इसी उद्देश्य के साथ लोहड़ी के दिन मोदी जी ने इस योजना का ऐलान किया. इस योजना के लिए फंड केंद्र और राज्य दोनों सरकारों द्वारा वहन किया जायेगा.

प्रधानमंत्री फसल बिमा उद्देश्य, प्रीमियम एवम् योग्यता

यह योजना किसानो को उनके नुकसान की भरपाई के तौर पर शुरू की जा रही हैं जिसके अंतर्गत किसान अपनी फसलो का बिमा करवा सकेंगे जिसका प्रीमियम बहुत कम होगा ऐसा करने पर अगर किसान की फसल को नुकसान पहुँचता हैं तब उन्हें बिमा राशि उपलब्ध करायी जायेगी और इस योजना के सरलीकरण के लिए भी कई उचित फैसले लिए गए हैं ताकि जल्द से जल्द सहायता राशि पहुँचाई जा सके.

यह बिमा पॉलिसी अगली खरीफ की फसल से लागू होंगी

प्रीमियम दर

फसल के प्रकार प्रीमियम दर %
रबी फसल 1.5
खरीफ 2
तिलहन 1.5
बागवानी 5

योग्यता :

प्रधानमंत्री फसल बिमा योजना के अंतर्गत कोई भी किसान अपनी फसल का बिमा करवा सकता हैं. इसके तहत बटाईदार एवम खोट की खेती भी शामिल हैं.

प्रधानमंत्री फसल बिमा योजना से किसानो को कम दर में अधिक बिमा राशि मिलेगी जिससे उन्हें उत्साह मिलेगा और देश में किसानो की स्थिती में परिवर्तन आयेगा.

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  39 Responses to “(PMFBY) Apply Pradhan Mantri Fasal Bima Yojana | crop insurance scheme”

  1. PMFBY is a very good scheme for us.pls inform me how can apply for scheme?

    • Dear Bikash,

      The insurance is done through bank after getting notification from state govt. In case of loanee farmer it is compulsory which bank does according to area and crop mentioned during applying for the KCC loan , in case of non loanee farmer it is optional but he can approach bank by paying premium.

  2. This schemes is very nice. But I don’t know how to make this schemes

  3. Nice ,but not understanding that what is the process of scheme for start so.

  4. PMFBY is a very good scheme for farmers but for a village farmer its very difficult to connect to this type of schemes.
    Please suggest me how I can apply for this scheme. My father already have 2 lakh bank loan for agricultural.


  6. How I can apply fasal bima

  7. Good scheme.implement it efficiently

  8. Seeming a good one ….looking forward to seeing well being of farmers.

  9. PMFBY is a dynamic attempt to help farmers. Plz furnish detailed guidelines for applying.

  10. Would like to know how to obtain the policy and other guidelies of the scheme

  11. what are the required documents for applying pmfby.

  12. Dear Sir/ Ma’am,

    I am a finance professional working in a Pvt. Company as Sr. Manager Accounts having more than 22 years of experience in field of Accounts and Finance.

    As I came to know about this Crop Insurance Scheme in various advertisements published in news paper.

    My concern here is I would like to help / guide them the rural poor farmers in my area in Odihsa , Block- Rajkanika, Dist- Kendrapara because they all are not well literate enough .

    Thus my request here is if possible please let me inform / suggest what type of service can provide to them with guide line through the GOVT.

    Warm Regards,

    Pabitra Mohan Barik.

    • Dear Pabitra,

      All insurance companies does awareness programme during the scheme, which is part of operational guidelines . you can be able to know which company allotted to implement the scheme in your district though bank and contact them .

  13. Respected sir,
    Fasal Bima Yojna ke form khan se millege.Please btayen.

  14. It is very effective . If it becomes online claimed

  15. Pmfby is good sceme….but tell me how to apply this

  16. बहुत ही सार्थक योजना है | लेकिन पूरा इंटरनेट खोज लिया , कहीं पर भी इस योजना के क्रियान्वयन पर जानकारी नहीं मिली | मतलब ये कि मान लीजिए किसी किसान को बिमा करवाना है तो कैसे करेगा ? कहाँ संपर्क करेगा ? कोई मोबाइल एप या नम्बर ? स्थानीय स्तर पर कोई ऑफिस या अधिकारी जहाँ से यह फसल बीमा होगा ? कृपया बीमा करवाने की प्रक्रिया बताएं ताकि किसानों को हम बता सकें जागरूक करें क्योंकि मन की बात में आ० मोदी जी ने नागरिकों से किसानों को जागरूक करने की अपील की है लेकिन जब प्रक्रिया मालूम नहीं होगी तो क्या बताएंगे ?

  17. Sarkar dwara chalai ja rahi yah skeem kisano ke liy bhut achhi hi but kuch kisaan ase vi hi jinko avi vi this yojana ke bare me pta nhi hi aur kuch ko pta hi to wo kaise profit uthay i mean iske liy process kya hoga ….
    Please tell me this skeem process on my email id par taki mai kuch logo ko bta saku..

  18. Hi Team,

    please let me know how to apply for this scheme.

    provide step by step process.


  19. We r very gretfull thanks to our PM. MODI JI. For pmfby. I want to share this yojna information with my all velligers.but i dont know its prosses.will you anybody help me about it???????.

  20. “Pradhan Mantri Fasal Bima Yojana| crop insurance scheme” wjich is one of the big targeted scheme in our country as @ 65% of our economay is depending on the agticulture activiyies. Our PMji has launched the new scheme but iy will not reach to the entire formers. In this regard the responsibality on the soulders on the concerned CM”s has to ensure that the scheme should reach to the formers”

    In india we have 2 types of formers: 1) Who are soley depending on the Agriculture by invesing their own money for growing of crops, but they are not aware and avail the insurence scheme due to lack of knowledge/ no time as they are alwaus working in their land.

    2) The former who has availed the loan form the banks atomatically coverd under the insirabce scheme and who is not bother about even if crop failure the insurance will come into his protection for the entire loss.

    where as in case of non loan formers they will suicide in case of failure of crops. it is the responsiblity of the Govenament to cover all non loany formers crop under insuance scheme by paying the premium thereby there is equality amoung the former community

    S M Devaiah

  21. fsal bima yojna bahut acha hai . yadi yeh scheme success ho gaya to jaise aaj health/life/vehicle etc insured karta hai waise hi hamare kisan insured ho jayenge fasal ke liye bhi but yeh kaise hoga ? full details chahiye . yeh scheme without loan wale fasal mai bhi lagu hona chahiye….small farmer ke liye bahut acha scheme hai ur new person jo agri se dur ho rahe hai unko bhi faith hoga jis se woh agri mai career bhi dekh sakte hai….jis se employment or good food bhi milega……congratulation to ALL

  22. dear sir,

    plz let me know that what is the process of ths yojna

    revart me asap

  23. Dated: 27.02.16
    fasal beema karane ke liye kya kya karna hoga
    kya details deni hogi
    kaun kaun se documents submit karne padenge
    premium kis hisab se pay kiya jayega
    premium amount reverse hota hai ya nahi, yadi koi nuksaan nahi hota tab kya hota hai
    natural loss hota hai to usko kaise dikhaya jata hai aur claim kitne din baad milta hai

    please tell me

  24. If the scheme is to start from June, 16, by this time process and procedures should have been made clear and open. I have very much doubt that this scheme will be translated into reality so soon and it seems more as a poll gimmick rather than the real intention of Mr. Modi goverment.

  25. बहुत ही सार्थक योजना है | लेकिन पूरा इंटरनेट खोज लिया , कहीं पर भी इस योजना के क्रियान्वयन पर जानकारी नहीं मिली | मतलब ये कि मान लीजिए किसी किसान को बिमा करवाना है तो कैसे करेगा ? कहाँ संपर्क करेगा ? कोई मोबाइल एप या नम्बर ? स्थानीय स्तर पर कोई ऑफिस या अधिकारी जहाँ से यह फसल बीमा होगा ? कृपया बीमा करवाने की प्रक्रिया बताएं ताकि किसानों को हम बता सकें जागरूक करें क्योंकि मन की बात में आ० मोदी जी ने नागरिकों से किसानों को जागरूक करने की अपील की है लेकिन जब प्रक्रिया मालूम नहीं होगी तो क्या बताएंगे ?

  26. Please reply as soon as possible.

  27. Its very good scheme. Please tell me how to apply for this.

  28. PMFBY is a very good scheme for us.pls inform me how can apply for scheme?

  29. PMFBY is a very good scheme for farmers but for a village farmer its very difficult to connect to this type of schemes.
    Please suggest me how I can apply for this scheme.

  30. Sir,
    This is really a very appropreate and
    need of the hour decision by government
    of India.However , would anyone inform
    me please regarding how thousands of farmers in Assam and other NE states
    would compensate themselves the loses
    incurred by them every year due to flood.

    Thanking you

  31. How can Process of Fasal bima

  32. who can i buy pmfby & where i contact i do farming for one year contract this is raise to next year ,and what document submit to buy pmfby

  33. PMFBY is a very good scheme for farmers But Individual Farmer Can Claim For His Person Losses Or Insure As Per District Wise Losses Declared by Goverment ?

  34. Hi Sir,

    Its nice scheme, please let us know, how to apply it, is this is right time go and ask local SBI Branch.


  35. Please provide information application form process for this yojana