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Crop Insurance

Pradhan Mantri Fasal Bima Yojana


Pradhan Mantri Fasal Bima Yojana

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.


  • Stabilizing the income of farmers to ensure their continuance in farming

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

  • Encouraging farmers to adopt innovative and modern agricultural practices

  • 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.

Eligibility Criteria
  • Compulsory Component
    All farmers availing Seasonal Agricultural Operations (SAO) loans from Financial Institutions (i.e. loanee farmers) for the notified crop(s) would be covered compulsorily.

  • Voluntary Component
    The Scheme would be optional for the non-loanee farmers.

Coverage of Risks and Exclusions

Following stages of the crop and risks leading to crop loss are covered under the scheme.

  • Prevented Sowing/ Planting Risk : Insured area is prevented from sowing/ planting due to deficit rainfall or adverse seasonal conditions

  • Standing Crop (Sowing to Harvesting) : Comprehensive risk insurance is provided to cover yield losses due to non- preventable risks, viz. Drought, Dry spells, Flood, Inundation, Pests and Diseases, Landslides, Natural Fire and Lightening, Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane and Tornado.

  • Post-Harvest Losses : coverage is available only up to a maximum period of two weeks from harvesting for those crops which are allowed to dry in cut and spread condition in the field after harvesting against specific perils of cyclone and cyclonic rains and unseasonal rains.

  • Localized Calamities: Loss/ damage resulting from occurrence of identified localized risks of hailstorm, landslide, and Inundation affecting isolated farms in the notified area.

  • General Exclusions:

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


    Low Farmer Premium Rates:
    The rate of Insurance Charges payable by the farmer will be as per the following table

  • 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) 2.0% of SI or Actuarial rate, whichever is less
    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
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 –

Our PMFBY Current Presence:

State District
Karnataka Belgaum
Rajasthan Jaipur

For more information regarding the scheme or to register claims call us on our toll free number 1800 266 4141

State Season/Year No. of Frames Insured Claim Paid (In Rs. Lakh) No. of Farmers Benefited
Odisha Kharif 2016 681368 6129.16 37770
West Bengal Kharif 2016 677533 822.23 36696

You ask. We answer.

What is Pradhan Mantri Fasal Bima Yojana?
What types of the risks are covered under this scheme?
Who can avail crop insurance ( PMFBY) ?
What are the Premium Rates?
Is there any cut off dates to enroll under PMFBY ?
How is Claim Calculated?
How can you register your claims for Localized Risk and Post-Harvest Losses