Pradhan Mantri Fasal Bima Yojana: Who Qualifies and What You Get
Learn how this crop insurance scheme protects your livelihood against natural calamities and what you need to do to claim benefits.
Pradhan Mantri Fasal Bima Yojana is a government insurance scheme designed to protect farmers from financial losses caused by crop failure.
Who it's for
This scheme is available to farmers who are growing crops that have been officially notified by the government within specific notified areas.
What you get
You receive insurance coverage that helps protect your income if your crops fail due to natural calamities.
What it costs you
You pay a small premium to be covered. The cost is ₹1.5% for Rabi crops and ₹2% for Kharif crops.
The catch to know
Timing is critical if you need to make a claim. You must report any crop loss to the authorities within 72 hours of the incident occurring.
How to apply
- Check if your specific crop and area are covered under the current notifications.
- Calculate your required premium based on your crop type.
- Submit your application through the official portal or your local agricultural office.
- Visit https://pmfby.gov.in for more details.