Subsidy PMFBY
Scheme
PMFBY

The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance scheme designed to safeguard farmers from crop loss due to unforeseen natural calamities. This initiative provides comprehensive coverage to ensure that farmers are compensated and encouraged to continue farming with financial security.

About the PMFBY Scheme

PMFBY covers farmers across India, offering subsidies for crop insurance to minimize the impact of natural risks. It protects farmers' investments in farming and promotes resilience by ensuring stability and support during difficult times.

Key Features

The PMFBY scheme provides the following features:

  • Comprehensive coverage of crop risks, including natural calamities and pest attacks.
  • Low premium rates, with the balance amount paid by the government as a subsidy.
  • Easy claim settlement process, directly benefitting farmers.
  • Inclusion of remote sensing and smart technology for accurate assessment and faster claim processing.
Eligibility & Premium

PMFBY is open to all farmers. Premium rates are nominal, with the majority funded by the government to ensure affordable insurance:

  • Kharif crops: 2% premium rate.
  • Rabi crops: 1.5% premium rate.
  • Horticulture & Commercial crops: 5% premium rate.

  1. Aadhar card for identification.
  2. Passport size photo of the farmer.
  3. Land ownership proof (e.g., Land Tax Receipt, Record of Right).
  4. Copy of the bank passbook's first page (any nationalized bank).
  5. Any valid ID proof (e.g., Aadhar Card, Voter ID, PAN Card).

PMFBY provides numerous benefits:

  • Financial Security: Protects farmers against crop losses due to natural calamities.
  • Affordable Premium: Low premium rates make it accessible for all farmers.
  • Swift Claim Settlement: Ensures farmers receive financial support when needed.

Farmers can apply online via the official PMFBY portal at https://pmfby.gov.in. Register with valid documents, including Aadhaar and land records, ensuring accuracy in details to avoid claim issues.


PMFBY Website

Vikas Agro Service provides expert guidance on the PMFBY Scheme, offering solutions to help farmers protect their crops against risks. With a focus on resilience, we assist you in securing your agricultural investments through the best schemes and support.