Benefit
₹500
Deadline
Ongoing
Beneficiaries
55,000,000
Sector
Crops, Kharif
Overview
PMFBY provides comprehensive insurance coverage against failure of crops due to natural calamities, pests, and diseases. It ensures flow of credit, stabilizes farmers' income, and encourages adoption of modern agricultural practices.
Launched on 18 Feb 2016
Benefits
Subsidy %
95%
Min amount
₹500
Payment mode
Bank Transfer
Only 1.5-2% farmer premium, Government pays 95-98% premium, Coverage from sowing to harvest, Claim within 15 days
Scheme components:
- Kharif Season Coverage
- Rabi Season Coverage
- Horticulture Crops
- Commercial Crops
Eligibility
- Categories
- Small Farmers, Marginal Farmers, Sharecroppers, Tenant Farmers
- Beneficiary type
- Individual
- Age
- 18 – 70 years
- Land holding
- 0.01 – any acres
- Gender
- All
- States
- All India
How to apply
Application mode: Both
- Apply through banks, CSCs, or online portal before sowing season cut-off date.
Documents required
- Aadhaar Card
- Land Records
- Sowing Certificate
- Bank Account
- Photo
Official links & contacts
Impact & success
5.5 crore farmers enrolled, ₹1.3 lakh crore claims settled