Pradhan Mantri Fasal Bima Yojana
Ministry of Agriculture & Farmers' Welfare
Implementing agency: Agriculture Insurance Company of India (AIC) and empanelled insurers
Key Benefit
Up to 95% subsidy
About this Scheme
PMFBY was launched in 2016 to replace fragmented crop insurance schemes. The scheme fixed the farmer's premium contribution at a maximum of 2% for Kharif crops, 1.5% for Rabi crops, and 5% for annual horticultural crops — the rest is borne by Central and State governments equally.
To provide financial support to farmers suffering crop loss or damage due to unforeseen events including natural calamities, pests, and diseases.
What You Get
Compensation up to the full Sum Insured for loss due to prevented sowing, standing crop damage, post-harvest losses within 14 days, and localized calamities. Farmer premium is capped at 2% (Kharif) / 1.5% (Rabi) / 5% (horticulture). Average benefit per claim: ₹17,000–₹40,000 depending on crop and state.
Important before applying
Enrolment must happen BEFORE the crop is sown — late enrolment is not permitted. The scheme is voluntary for non-loanee farmers but compulsory for farmers who have taken KCC loans for notified crops.
Full roadmap unlocks after profile and plan
You can read the public scheme information here. Exact steps, documents, FAQs and eligibility scoring need your farm profile and the Basic roadmap.