Pradhan Mantri Fasal Bima Yojana (PMFBY) 2025: Crop Insurance Scheme Details, Benefits, Eligibility & Online Application

The Government of India has rolled out the Pradhan Mantri Fasal Bima Yojana (PMFBY) to offer a unified crop insurance solution by bringing together the most valuable previous agricultural schemes and new advancements to enhance the portfolio of the best government schemes for farmers in India. The PMFBY aims to subsidise farmers against natural calamities, pests and diseases, crop loss, and loss of income, while supporting access to credit, stabilising income and encouraging modernisation in agriculture.

In this article, we will get the detailed information of the Pradhan Mantri Fasal Bima Yojana, its benefits, features, eligibility, how does the Pradhan Mantri Fasal Bima Yojana works, PMFBY application process, what is the process to claim insurance under PMFBY and much more

What Is Pradhan Mantri Fasal Bima Yojana?

Pradhan Mantri Fasal Bima Yojana started by the GOI, is the integrated and latest crop insurance scheme in furtherance of the One Nation-One Scheme. It is an amalgamation of profitable and advantageous features of the previous schemes, along with modifications.

The Main Ideals of The PMFBY Are:

• Provision of financial assistance and, most importantly, insurance coverage in the event of crop failure owing to natural calamities, force majeure events, pests and animals.

• Neutralisation of losses and stabilisation of farmers’ incomes.

• Promotion of technology and innovative methods in the farming process.

• Ensuring a smooth flow of credit to the agricultural sector.

February 18, 2016, is recognised as the Pradhan Mantri Fasal Bima Yojana launch date. It was launched by the Ministry of Agriculture and Farmers Welfare (MoAFW) and includes both agricultural as well as horticulture crops.

Key Features Of PMFBY

Pradhan Mantri Fasal Bima Yojana flagship scheme is not just about claims - it is also about establishing a secure agricultural ecosystem. Below, you'll find an overview of all of the features that make PMFBY trustworthy, affordable, and technologically-enabled.

• Affordable Premiums for Farmers: Premiums fixed at a reasonable rate: 2% for Kharif cereals/pulses, 1.5% for Rabi crops, and 5% for horticulture, the remaining amount paid equally by the central and state (90:10 for North-East).

• Full Coverage: The government does not cap their subsidy, and therefore, farmers will get the full sum insured when they make a claim.

• Technological Assessments: The use of satellite imaging, drones, remote sensing, mobile applications, and YES-TECH to enable accurate estimation of yield and claims expediently.

• Coverage for Post-harvest and Prevented Sowing Risks: Provides insurance support when a crop is damaged during post-harvest or for failed or incomplete sowing events.

Eligibility Criteria: Who Can Apply For Pradhan Mantri Fasal Bima Yojana?

Before we dive into the process of registration, ensure that you check your PMFBY eligibility. Here's a breakdown of who can apply and what an insurable crop is.

• All farmers growing notified crops.
• Such crops should be grown in a notified area.
• Farmers should have an insurable interest in such crops.

List Of Documents Required Under PMFBY

To avoid delays or possible claim rejection, make certain that you have carefully prepared your paperwork. Below, you will find a checklist of all of the necessary documents to keep available while applying.

• Land titles (7/12, khatauni)

• Bank account information (with IFSC)

• Cropping information (survey number, area, etc.)

• Passport-sized photograph (if required)

• Sowing declaration (if relevant)

• Mobile number (Aadhaar-linked to receive OTP/notifications)

How To File A Claim Under Pradhan Mantri Fasal Bima Yojana?

The difference between surviving and catastrophe can be fast and timely claims if you find yourself in a disaster. This section will guide you through filing your claims for Pradhan Mantri Fasal Bima Yojana with ease.

Step 1: A farmer is to report to their state agricultural office, CSC, or on the PMFBY mobile app no later than 72 hours after damage is caused to the crops.

Step 2: Aerial yield assessment or ground-level yield assessment will be undertaken by using technology tools like UAVs and the CCE-Agri app.

Step 3: Once a decision is made on the claim, the funds are transferred to the farmer's bank account, expect payments are expected to be made within 30-60 days from either the harvest or the date the loss was reported.

Step 4: For any queries and complaints, farmers can contact the Fasal Bima Yojana toll-free number 14447, the toll-free helpline number or the Krishi Rakshak Portal.

How Is PMFBY In Comparison To Other Agricultural Schemes?

This comparative table of PMFBY against other government schemes like RWBCIS (Weather Based Crop Insurance Scheme) and Khet Suraksha Yojana, and all that's available now, makes it simple for a Quick Comparison.