Pradhan Mantri Fasal Bima Yojana
Crop insurance where the farmer pays a small, capped premium and the government pays the rest.
- Lead benefit
- 2%premium you pay at most, kharif food grains & oilseeds
- Components
- 1each read from the document
- Who can apply
- 6kinds of applicant
- Closing date
- Seasonalsee “When to apply”
What it pays
You pay at most 2% of the sum insured for kharif food grains and oilseeds, 1.5% for rabi, and 5% for commercial and horticultural crops. Government pays the rest of the premium.
What the document says, word for word
These are ceilings: if the actuarial rate is lower, you pay the lower rate. Only notified crops in notified areas are covered.
“Table 1 — Maximum Premium Rate payable by farmer (% of Sum Insured): Kharif, All Food grain and Oilseeds crops (all Cereals, Millets, Pulses and Oilseeds crops): 2.0% of SI or Actuarial rate, whichever is less; Rabi, All Food grain and Oilseeds crops (all Cereals, Millets, Pulses and Oilseeds crops): 1.5% of SI or Actuarial rate, whichever is less; Kharif and Rabi, Annual Commercial/ Annual Horticultural crops: 5% of SI or Actuarial rate, whichever is less; Perennial horticultural / commercial crops (pilot basis): 5% of SI or Actuarial rate, whichever is less”How much can I claim?
Enter sum insured to see the figure.
These are ceilings: if the actuarial rate is lower, you pay the lower rate. Only notified crops in notified areas are covered.
Who can apply
- Other farmer
- Small or marginal farmer
- SC farmer
- ST farmer
- Woman farmer
- Tenant or sharecropper
Papers you need
- Aadhaar number (mandatory)
- Land record (RoR, land possession certificate) — or, for sharecroppers and tenants, the agreement your state accepts
- Declaration of the crop sown or to be sown
- Bank account details
How to apply
- If you have a crop loan or KCC, your bank enrols you automatically unless you opt out at least seven days before the cut-off date (cl. 3.1.1.1).
- Otherwise enrol yourself before the cut-off date — at your bank, a Common Service Centre, an insurance agent, or on pmfby.gov.in.
- Declare the crop you have sown or intend to sow, and pay your share of the premium (cl. 3.1).
Applying is free. Never pay anyone to apply for you.
When to apply
Each season has a cut-off date set district by district — normally not later than 15 July for kharif and 15 December for rabi (cl. 16.2).
Combining with other schemes
The documents do not say whether this can be combined with other schemes. Ask the implementing office before you count on both.