Pradhan Mantri Fasal Bima Yojana (PMFBY)

Submitted by shahrukh on Fri, 26/08/2022 - 13:30
Pradhan Mantri Fasal Bima Yojana Logo
  • Rs. 60,000 Crop Insurance Cover to Farmers.
  • Financial Support in case of Failure of Crop.
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Information Brochure


Pradhan Mantri Fasal Bima Yojana is an insurance service for farmers that was lainched by Prime Minister Narendra Modi on 18 February 2016. The scheme was formulated in line with One Nation–One Scheme theme by replacing earlier two schemes National Agricultural Insurance Scheme (NAIS) and Modified National Agricultural Insurance Scheme (MNAIS) by incorporating their best features and removing their inherent drawbacks (shortcomings).

The aim of the scheme is to reduce the premium burden on farmers and ensure early settlement of crop assurance claim for the full insured sum.

Objectives of PMFBY

  • Providing insurance coverage to farmers and giving them financial support in the event of failure of any of the notified crop as a result of natural calamities, pests and diseases.
  • To stabilise their income for ensuring their continuance in farming.
  • For encouraging armers to adopt innovative and modern practices of agriculture.
  • To ensure flow of credit to the agriculture sector.

Agency of implementation

PMFBY is implemented through a multi-agency framework by selected insurance companies under the overall guidance and control of

  1. Department of Agriculture, Cooperation and Farmers Welfare (DAC&FW)
  2. Ministry Of Agriculture And Farmers Welfare (MoA&FW)
  3. Government of India
  4. Commercial Banks
  5. Co-operative Banks
  6. Regional Rural Banks and their regulatory bodies
  7. Government Departments such as:
    • Agriculture
    • Co-operation
    • Horticulture
    • Statistics
    • Revenue
    • Information/Science and Technology
    • Panchayati Raj

Coverage of Risks under PMFBY

  • Comprehensive risk insurance is provided to cover yield losses due to non-preventable risks, such as :
    • Natural Fire and Lightning,
    • Storm, Hailstorm,
    • Cyclone, Typhoon,
    • Tempest, Hurricane,
    • Tornado.
    • Risks due to Flood,
    • Inundation and Landslide,
    • Drought, Dry spells,
    • Pests/ Diseases also will be covered
  • In post-harvest losses, coverage will be available up to a maximum period of 14 days from harvesting for those crops which are kept in "cut & spread" condition to dry in the field.
  • Areas where farmers are prevented from sowing/planting the insured crop due to adverse weather conditions, shall be eligible for indemnity claims upto a maximum of 25 per cent of the sum-insured.

Risks and Losses not to be covered under PMFBY

  • War & kindred perils,
  • malicious damage,
  • nuclear risks,
  • riots,
  • theft, act of enmity,
  • grazed and/or destroyed by domestic and/or wild animals,
  • In case of Post–Harvest losses the harvested crop bundled and heaped at a place before threshing, other preventable risks.

Eligibility Criteria :

  • All farmers growing notified crops in a notified area during the season who have insurable interest in the crop are eligible.
  • Compulsory Coverage : Farmers in the notified area who possess a Crop Loan account/KCC account(called as Loanee Farmers) to whom credit limit is sanctioned/renewed for the notified crop during the crop season.
  • Voluntary Coverage : It may be obtained by all farmers not covered in Compulsory Coverage, including Crop KCC/Crop Loan Account holders whose credit limit is not renewed.

How to apply :

  • To apply for crop insurance, farmers can visit the website

Rate of Insurance Charges

S.No Crops Season Maximum Insurance charges payable by farmer
1 Food & Oilseeds crops
  1. cereals,
  2. millets,
  3. oilseeds,
  4. pulses
Rabi 1.5% of SI or Actuarial rate, whichever is less
2 Food & Oilseeds crops
  1. cereals,
  2. millets,
  3. oilseeds,
  4. pulses
Kharif 2.0% of SI or Actuarial rate, whichever is less
3 Annual Commercial /
Annual Horticultural crops
Kharif & Rabi 5% of SI or Actuarial rate, whichever is less

Contact details:

S.No Insurance Company Name Headquarter Email Toll Free Number Address of head quarter
1. AGRICULTURE INSURANCE COMPANY 1800116515 Office Block-1, 5th Floor, Plate-B & C, East Kidwai Nagar, Ring Road, New Delhi-110023
2. BAJAJ ALLIANZ GENERAL INSURANCE CO. LTD 18002095959 Bajaj Allianz House, Airport Road, Yerawada, Pune 411 006
3. BHARTI AXA GENERAL INSURANCE COMPANY LTD. 18001037712 7th floor, Merchantile House, K.G.Marg, New Delhi - 110 001
4. CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED 18002005544 2nd Floor, "Dare House", No.2, NSC Bose Road,Chennai - 600001, India. Phone: 044-3044 5400
5. HDFC ERGO GENERAL INSURANCE CO. LTD. 18002660700 D-301, 3rd Floor, Eastern Business District (Magnet Mall), LBS Marg, Bhandup (West). MUMBAI - 400078 State : Maharastra , City : MUMBAI, Pin Code : 400078
6. FUTURE GENERALI INDIA INSURANCE CO. LTD. 18002664141 Indiabulls Finance Centre, 6th Floor, Tower 3, Senapati Bapat Marg, Elphinstone West, Mumbai, Maharashtra 400013
7. ICICI LOMBARD GENERAL INSURANCE CO. LTD. 18002669725 ICICI Lombard House414, P.Balu Marg,Off Veer Sawarkar Marg,near Siddhivinayak Temple, Prabhadevi,Mumbai-400025
8. IFFCO TOKIO GENERAL INSURANCE CO. LTD. 1800-103-5490 IFFCO Tower ,Plot No. 3 , Sector 29 , Gurgaon -122001,Haryana(India)
9. NATIONAL INSURANCE COMPANY LIMITED 18002007710 National Insurance Co. Ltd.3 , Middleton Street , Kolkata -700071,West Bengal
10. NEW INDIA ASSURANCE COMPANY 18002091415 87, MG Road, Fort, Mumbai - 400001
11. ORIENTAL INSURANCE 1800118485 The Oriental Insurance Company Ltd.Crop Cell, Head Office, New Delhi
12. RELIANCE GENERAL INSURANCE CO. LTD. 18001024088 Reliance Centre , South Wing , 4th floor,Off Western Express Highway, Santacruz (East), Mumbai - 400055
13. ROYAL SUNDARAM GENERAL INSURANCE CO. LIMITED 18005689999 Vishranthi Melaram Towers, No. 2/319, Rajiv Gandhi Salai (OMR), Karapakkam, Chennai - 600097
14. SBI GENERAL INSURANCE 18001232310 101,201,301, Natraj. Junction of Western express highway & Andheri - Kurla road. Andheri East Mumbai - 400069
E-8, Epip, Riico Industrial area, sitapura Jaipur (Rajasthan) 302022
16. TATA AIG GENERAL INSURANCE CO. LTD 18002093536 Peninsula Business Park, Tower-A, 15th Floor, Ganpat Rao Kadam Marg, Lower Parel, Mumbai, Maharashtra-400013,India.
17. UNIVERSAL SOMPO GENERAL INSURANCE COMPANY 18002005142 Unit No 401, 4th Floor, Sangam Complex,127, Andheri – Kurla Road, Andheri (E),Mumbai-400059.
18. UNITED INDIA INSURANCE CO. 180042533333 Customer care department, no.24, whites road, Chennai-600014
Caste Person Type Scheme Type Govt




फसल का बहुत बडा फर्जी बाडा हो रहा हैं उत्तर प्रदेश के मथुरा जिले मे पिछले कई बर्षों से हो रहा हैं ओर अब भी हो रहा किसानों को पता भी नहीं पडता



I'm student request to provide the land because I'm interested to do farmers and agriculture ..we don't have money to buy land and we didn't have home my humble request agriculture land please do need full.. Sir
Thank you..

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