PM Fasal Bima Yojana (Crop Insurance) Explained
The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance scheme that provides financial support to farmers suffering crop loss or damage.
The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance scheme that provides financial support to farmers suffering crop loss or damage.
Coverage
It covers losses from non-preventable natural risks such as drought, flood, pests and diseases, from pre-sowing to post-harvest for notified crops.
Premium
Farmers pay a low, fixed share of the premium (with different caps for kharif, rabi and commercial or horticultural crops), while the government subsidises the rest.
Why it matters for UPSC
PMFBY's coverage and low farmer-premium design are commonly tested agriculture-scheme facts.
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Practise PYQs →Frequently asked questions
What does PMFBY insure against?
Crop loss or damage from non-preventable natural risks like drought, flood, pests and diseases.
Who pays most of the premium under PMFBY?
The government subsidises most of the premium; farmers pay a low fixed share.