Pradhan Mantri Fasal Bima Yojna (PMFBY)
PMFBY
Ministry Of Agriculture and Farmers WelfareGovernment of India
Pradhan Mantri Fasal Bima Yojana was launched in 2016 with the aim to support farmers by providing an affordable comprehensive risk cover for crops.
What this scheme offers
Pradhan Mantri Fasal Bima Yojana was launched in 2016 with the aim to support farmers by providing an affordable comprehensive risk cover for crops.
Eligibility at a glance
All farmers, including tenant farmers and sharecroppers growing notified crops in notified areas.
Farmers must have an insurable interest in the insured crops.
Farmers must possess a valid and authenticated land ownership certificate or a valid land tenure agreement.
The farmer must be a cultivator or sharecropper on the insured land.
Non-Notified Areas
PMFBY applies to notified areas, and crop losses in non-notified areas are generally not covered.
Farmers in areas not designated under the scheme may not receive compensation.
Losses Outside the Crop Cycle
Crop losses occurring outside the specified crop cycle are often excluded from coverage.
