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The PMFBY was launched in 2016 from kharif season and replaced Modified National Agriculture Insurance schemes in India.

The scheme has been launched with moto of One Nation One Crop One Premium. This new scheme aims at covering the losses suffered by farmers due to reduction in crop yield as estimated by the local government authorities through crop cutting experiments.

The scheme also covers pre sowing losses, post-harvest losses due to cyclonic rains and losses due to unseasonal rainfall in India. There is a provision to cover losses due to localized calamities such as inundation also in addition to the previously covered hailstorm and landslide risks.

This schemes aims to increase the penetration of crop insurance in rural market and cover 50 % of total sown area.

Key Features

Low Farmer Premium Rates

The rate of Insurance Charges payable by the farmer will be as per the following table

2.0%

of SI or Actuarial rate, whichever is less

1.5%

of SI or Actuarial rate, whichever is less

5%

of SI or Actuarial rate, whichever is less

Use of Technology

The new scheme envisages many new things such as utilizing innovative technologies like satellite imagery, vegetation indices etc. coupled with the mandatory usage of smart phones / hand held devices for increasing the speed and accuracy during yield estimation. In order to minimize the area discrepancy in coverage, the scheme also promotes the digitization of land records.

For more details you can visit Government of India’s website for Pradhan MantriFasalBimaYojana www.pmfby.gov.in

Providing financial support to farmers suffering crop loss/damage arising out of unforeseen events

Ensuring flow of credit to the agriculture sector; which will contribute to food security, crop diversification and enhancing growth and competitiveness of agriculture sector besides protecting farmers from production risks.

Stabilizing the income of farmers to ensure their continuance in farming

Stabilizing the income of farmers to ensure their continuance in farming

Encouraging farmers to adopt innovative and modern agricultural practices

General Exclusions

Losses arising out of war and nuclear risks, malicious damage and other preventable risks shall be excluded.

*Not Covered

Current Presence

Rajasthan Kharif 2020 - Rabi 2022-23
Goa Kharif 2022 – Rabi 2021-22
Karnataka Kharif 2020 - Rabi 2022-23

Operational Guidelines

Operational Guidelines

Farmer’s Corner

Link to Governement Site

To visit Government of India’s website for Pradhan Mantri Fasal Bima Yojana, click here

www.pmfby.gov.in

To know your Application Status, Click Here

www.pmfby.gov.in

“ For Karnataka

(https://www.samrakshane.karnataka.gov.in)

To Enrol: Click on the

Farmer Login Page

FAQ’S

Pradhan Mantri Fasal Bima Yojana (PMFBY) provides protection to farmers for the losses occurring due to adverse weather conditions resulting in crop losses.
Yield Losses It includes Natural Fire and Lightning; Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane, Tornado etc.; Flood, Inundation and Landslide; Drought, Dry spells; Pests/ Diseases etc
PREVENTED SOWING In cases where majority of the insured farmers of a notified area, having intent to sow/plant and incurred expenditure for the purpose, are prevented from sowing/planting the insured crop due to adverse weather conditions, shall be eligible for indemnity claims up to a maximum of 25%
Post-Harvest Losses Coverage is available upto a maximum period of 14 days from harvesting for those crops which are kept in “cut & spread” condition to dry in the field after harvesting, against specific perils of cyclone / cyclonic rains, unseasonal rains throughout the country.
Localised Calamities Loss / damage resulting from occurrence of identified localized risks i.e. hailstorm, landslide and Inundation affecting isolated farms in the notified area.
Compulsory Cover All Loanee farmers who have taken loans for crops from banks are compulsorily covered in this scheme.
Optional Cover Non – Loanee farmers can avail insurance for notified crops.
Sr.No Season Crops Maximum Insurance Charges Payable By Farmer(% of Sum Insured)
1 Kharif All food grain and Oilseed crops (all Cereals, Millets, Pulses and Oilseed crops) All food grain and Oilseed crops (all Cereals, Millets, Pulses and Oilseed crops)
2 Rabi All food grain and Oilseed crops (all Cereals, Millets, Pulses and Oilseed crops) 1.5% of SI or Actuarial rate, whichever is less
3 Kharif and Rabi Annual Commercial / Annual Horticultural crops 5% of SI or Actuarial rate, whichever is less
As per the new operational guidelines, the cut-off date for debiting premium from Farmers account, both loanee and non loanee would be, for Kharif – 15th July and Rabi – 15th December
If ‘Actual Yield’ (AY) per hectare of insured crop for the insurance unit (calculated on basis of requisite number of CCEs) in insured season, falls short of specified ‘Threshold Yield’ (TY), all insured farmers growing that crop in the defined area are deemed to have suffered shortfall of similar magnitude in yield. PMFBY seeks to provide coverage against such contingency. ‘Claim’ shall be calculated at IU level as per the following formula: (Threshold Yield – Actual Yield)Threshold Yield * Sum Insured Where Threshold Yield (TY) for a crop in a notified insurance unit is the average yield of best 5 years from past seven years of that season multiplied by applicable Indemnity Level for that crop
We have dedicated PMFBY toll free number – 1800 266 4141
General Exclusions Losses arising out of war and nuclear risks, malicious damage and other preventable risks shall be excluded.

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TOLL FREE NO.

1800 266 4141