Pradhan Mantri Fasal Bima Yojana

**Pradhan Mantri Fasal Bima Yojana (PMFBY)** is a comprehensive crop insurance scheme that provides coverage against crop loss due to natural calamities, pests, and diseases.

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Steps to Apply

1Visit local bank/insurance company
2Fill crop insurance form
3Submit required documents
4Pay premium amount
5Obtain insurance certificate

Eligibility

All farmers growing notified crops
Loanee and non-loanee farmers
Sharecroppers and tenant farmers
Farmers in notified areas

Benefits

Comprehensive risk coverage
Low premium rates
Quick claim settlement
Coverage for standing crops
Use of technology for assessment

Requirements

Land records
Crop sowing certificate
Bank account details
Identity proof
Premium payment

Frequently Asked Questions

What crops are covered under PMFBY?

Food crops, oilseeds, and commercial/horticultural crops notified by state governments.

How are claims settled?

Claims are settled based on yield assessment and weather parameters using modern technology.

What is the premium rate?

Farmers pay 2% for Kharif crops, 1.5% for Rabi crops, and 5% for commercial/horticultural crops.

When should I apply for insurance?

Application should be made before the cut-off date, which is typically before the sowing season.

Is PMFBY mandatory for loanee farmers?

Yes, it is mandatory for farmers who take crop loans from banks.

How long does claim settlement take?

Claims are typically settled within 2 months after crop cutting experiments and data processing.

Disclaimer

The information provided here is based on publicly available resources. We strive to keep it up to date, but it is always advisable to consult official documentation or contact the relevant authorities to verify the details before making any decisions or taking action.

We are not liable for any discrepancies, damages, or consequences that may arise from the use of this information. Additionally, we do not take responsibility for any SMSD (Short Message Service Delivery) issues or related concerns that may arise from our services.

More About This Scheme

PMFBY has revolutionized crop insurance by making it more farmer-friendly with reduced premiums and better coverage, helping farmers manage agricultural risks effectively.