{"id":1584,"date":"2026-08-08T06:38:47","date_gmt":"2026-08-08T06:38:47","guid":{"rendered":"https:\/\/materials.simplycurrentaffairs.com\/?p=1584"},"modified":"2026-08-13T06:42:58","modified_gmt":"2026-08-13T06:42:58","slug":"pradhan-mantri-fasal-bima-yojana-2","status":"publish","type":"post","link":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/2026\/08\/08\/pradhan-mantri-fasal-bima-yojana-2\/","title":{"rendered":"Pradhan Mantri Fasal Bima Yojana"},"content":{"rendered":"\n

Pradhan Mantri Fasal Bima Yojana<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h2>\n\n\n\n

About<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h3>\n\n\n\n
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  • The Pradhan Mantri Fasal Bima Yojana (PMFBY) was launched in 2016<\/strong> to provide voluntary crop <\/strong>insurance to farmers <\/strong>due to unforeseen events.\u00a0<\/li>\n\n\n\n
  • The scheme is administered by the Ministry of Agriculture and Farmers’ Welfare.<\/strong>\u00a0<\/li>\n\n\n\n
  • Crops covered<\/strong>: Food crops; Oilseeds; Annual Commercial\/Horticultural crops.<\/strong>\u00a0<\/li>\n\n\n\n
  • Premium<\/strong>: PMFBY follows the principle of \u201cOne Nation, One Crop, One Premium\u201d, <\/strong>and there is a uniform premium<\/strong> of 2%<\/strong> to be paid by farmers for all Kharif crops<\/strong> and 1.5%<\/strong> for all Rabi crops<\/strong>. For annual commercial and horticultural crops, <\/strong>the premium to be paid by farmers will be 5%.<\/strong><\/mark>\u00a0\n
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    • The balance premium is shared by the<\/strong> Central and State Government <\/strong>on a 50:50 basis<\/strong> and 90:10<\/strong> in case of North Eastern and Himalayan States.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
      \"\"<\/figure>\n\n\n\n
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      • Coverage<\/strong>: The scheme protects farmers from crop losses caused by non-preventable natural risks<\/strong> like droughts, floods, cyclones<\/mark>, hailstorms, pest attacks, and plant diseases.\u00a0<\/strong>\u00a0\n
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        • PMFBY covers the entire crop cycle<\/strong> from pre-sowing to post-harvest<\/mark><\/strong> and also losses due to localized calamities<\/strong> such as inundation, hailstorm and landslide risks.\u00a0\u00a0<\/li>\n<\/ul>\n<\/li>\n\n\n\n
        • Exclusions:<\/strong> The scheme excludes losses arising due to war and nuclear risks, malicious damage and other preventable risks<\/strong>.\u00a0<\/li>\n\n\n\n
        • Timely Compensation:<\/strong> PMFBY aims to process claims within two months of the harvest <\/strong>to ensure that farmers get the compensation quickly, preventing them from falling into debt traps.\u00a0<\/li>\n\n\n\n
        • Technology-Driven Implementation:<\/strong> PMFBY integrates advanced technologies <\/strong>like satellite imagery, drones, Unmanned Aerial Vehicle (UAV) and remote sensing<\/strong> for precise estimation of crop loss, ensuring accurate claim settlements.<\/li>\n<\/ul>\n\n\n\n
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          Did you know?<\/strong><\/h4>\n\n\n\n
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          • PMFBY is now the largest crop insurance scheme in the world <\/strong>in terms of farmer applications.<\/strong><\/li>\n<\/ul>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

            Pradhan Mantri Fasal Bima Yojana About Did you know?<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-1584","post","type-post","status-publish","format-standard","hentry","category-schemes-initiatives"],"_links":{"self":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/1584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/comments?post=1584"}],"version-history":[{"count":1,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/1584\/revisions"}],"predecessor-version":[{"id":1586,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/1584\/revisions\/1586"}],"wp:attachment":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/media?parent=1584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/categories?post=1584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/tags?post=1584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}