Understanding PM Fasal Bima Yojana: A Comprehensive Guide

Empower your agricultural endeavors with PM Fasal Bima Yojana. Secure your crops against natural disasters with affordable premiums and timely compens
Please wait 0 seconds...
Scroll Down and click on Go to Link for destination
Congrats! Link is Generated

Understanding PM Fasal Bima Yojana: A Comprehensive Guide

PM Fasal Bima Yojana
PM Fasal Bima Yojana

In the realm of agricultural initiatives in India, the PM Fasal Bima Yojana stands out as a beacon of support and resilience for farmers across the nation. Launched by the Government of India, this scheme aims to provide a safety net for farmers, offering financial assistance in the event of crop damage due to natural disasters. Let's delve into the intricacies of this scheme, its benefits, application process, and more.

Introduction to PM Fasal Bima Yojana

The PM Fasal Bima Yojana, also known as the Prime Minister Crop Insurance Scheme, was introduced with the primary objective of safeguarding farmers against the financial repercussions of crop failure caused by natural calamities. Implemented from Kharif 2016 onwards, this scheme seeks to bolster agricultural productivity by offering affordable crop insurance products, thereby ensuring comprehensive risk cover for farmers against a spectrum of non-preventable natural risks from pre-sowing to post-harvest stages.

Key Features and Benefits

1. Affordable Premiums with Subsidies

Under the PM Fasal Bima Yojana, farmers are required to pay only 50 percent of the insurance premium, with the remaining 50 percent subsidized by both the central and state governments. This provision makes crop insurance accessible and affordable for farmers from diverse economic backgrounds.

2. Comprehensive Coverage

The scheme offers coverage against various natural risks such as drought, flood, cyclone, pest infestation, and more. It extends financial support to farmers facing crop loss or damage due to unforeseen events beyond their control.

3. Timely Compensation

In the unfortunate event of crop damage, farmers enrolled in the PM Fasal Bima Yojana receive timely compensation, providing much-needed relief during times of distress. This ensures continuity in agricultural operations and prevents farmers from plunging into financial instability.

4. Ease of Application

The application process for availing benefits under the scheme is streamlined and farmer-friendly. With the necessary documents in hand, farmers can approach their district bank or agriculture office to initiate the application process seamlessly.

5. Crop-Specific Premium Rates

The scheme offers different premium rates based on the type of crop. For Rabi crops, the premium stands at 1.5 percent, of which the farmer's share is only 0.75 percent, while the remaining portion is subsidized by the government.

Application Process

Step 1: Visit the Designated Office

Farmers interested in enrolling for the PM Fasal Bima Yojana should visit their district bank or agriculture office to commence the application process.

Step 2: Fill the Application Form

At the designated office, farmers need to fill out the application form for the scheme, providing details about their crops, land, desired insurance coverage, and other relevant information.

Step 3: Submission of Documents

Along with the completed application form, farmers are required to submit photocopies of essential documents such as the application letter, usual sowing certificate, agricultural land map, Aadhaar card, bank passbook, and passport size photo.

Step 4: Payment of Premium

Upon acceptance of the application form by the agriculture office or bank, farmers need to proceed with the payment of the premium as per the designated rates.

Step 5: Receipt of Crop Insurance Policy

Following the payment of the premium, farmers will receive their crop insurance policy, providing them with the necessary coverage and peace of mind.

Apply  Now

FAQs about PM Fasal Bima Yojana

Q1: What is the objective of PM Fasal Bima Yojana?

The PM Fasal Bima Yojana aims to provide financial assistance to farmers in the event of crop damage due to natural disasters, thereby minimizing their losses and promoting agricultural sustainability.

Q2: How are premium rates determined under the scheme?

Premium rates under the scheme are determined based on factors such as the type of crop, location, and historical crop yield data, ensuring fairness and accuracy in premium calculations.

Q3: What documents are required for applying to PM Fasal Bima Yojana?

Applicants need to submit essential documents including the application letter, usual sowing certificate, agricultural land map, Aadhaar card, bank passbook, and passport size photo for the application process.

Q4: How can farmers avail timely compensation under the scheme?

In the event of crop damage, farmers enrolled in PM Fasal Bima Yojana receive timely compensation through the streamlined claims settlement process, facilitating quick recovery and continuity in agricultural activities.

Q5: Is the PM Fasal Bima Yojana applicable to all crops?

Yes, the scheme offers coverage for a wide range of crops, ensuring inclusivity and support for farmers cultivating diverse agricultural produce across the country.


In conclusion, the PM Fasal Bima Yojana emerges as a pivotal initiative by the Government of India, empowering farmers with financial security and resilience in the face of adversities. With its comprehensive coverage, affordable premiums, and streamlined application process, the scheme epitomizes the government's commitment to bolstering the agricultural sector and ensuring the welfare of farmers across the nation.

Post a Comment

Cookie Consent
We serve cookies on this site to analyze traffic, remember your preferences, and optimize your experience.
It seems there is something wrong with your internet connection. Please connect to the internet and start browsing again.
AdBlock Detected!
We have detected that you are using adblocking plugin in your browser.
The revenue we earn by the advertisements is used to manage this website, we request you to whitelist our website in your adblocking plugin.
Site is Blocked
Sorry! This site is not available in your country.