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PM Fasal Bima Yojana (PMFBY)

Crop insurance scheme providing financial support to farmers in case of crop failure due to natural calamities, pests, and diseases.

Pradhan Mantri Fasal Bima Yojana is a crop insurance scheme launched on 13th January 2016. It replaces the National Agricultural Insurance Scheme (NAIS) and Modified NAIS.

Coverage

  • Food crops (Cereals, Millets, Pulses) during Kharif season
  • Oilseeds, Commercial/Horticultural crops during Rabi season
  • Annual commercial and horticultural crops

Premium Rates

  • Kharif crops: 2% of sum insured
  • Rabi crops: 1.5% of sum insured
  • Horticultural crops: 5% of sum insured

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