PM Fasal Bima Yojana - Safety Net for the farmers
- simd03005
- Oct 30
- 2 min read
Updated: Nov 2
Picture this: You’re a farmer. You’ve worked hard all season, ploughing, planting, praying for good rain. Then, out of nowhere, a heavy storm wipes out your crop. All your effort, money, and hope- gone in a day.
That’s where PM Fasal Bima Yojana (PMFBY) comes in. It’s like a promise from the government: “If nature plays unfair, we’ve got your back.”
Launched in 2016, this is India’s biggest crop insurance program. Over 78 crore farmers have already used it, and the government has paid out ₹1.83 lakh crore in claims, way more than the premiums farmers paid. That means real help, not just paperwork.
What Does PMFBY Actually Do?
Under this scheme farmers are covered with :
1.Rain fails and you can’t sow
2.Floods drown your field
3. Drought dries up your plants
4.Hailstorms smash your harvest
5.Pests or diseases attack
How Much Do You Pay?
Not much. The government pays 90–98% of the premium. You pay just:
Season/Crop Type | You Pay |
Kharif(monsoon crops) | 2% |
Rabi(winter crops) | 1.5% |
Cash Crops(cotton etc) | 5% |
Example: If insurance for your field is worth ₹50,000, you pay only ₹1,000 (for Kharif). Government handles the rest.
Why Is This a Big Deal for Farmers?
1. No More Debt Traps
You take a loan → crop fails → can’t repay → take bigger loan next year.
PMFBY breaks this cycle. You get money fast to recover and start again.
2. Better Farming
When less risk, farmers:
a) Try better seeds
b) Grow high-value crops
c) Focus on quality, not just survival
3. Quick Cash when required the most
a) Claims go straight to farmers bank
b) Many get money in 10–15 days
In 2025, 30 lakh farmers got ₹3,200 crore in just one month!
How to Join?
If farmers take a Bank Loan → they’re already in!
No Loan? No Problem!
Following steps can be followed-
1. Go to pmfby.gov.in or https://pmfby.gov.in/)
2. Click “Farmer Corner” → “Apply Yourself”
3. Enter Aadhaar, mobile, land details
4. Pay your small premium (online or at CSC)
5. Done! there will be a 'Policy Number' visible instantly
How to Get the Money (Claim)
1. Ask the registered bank or call the helpline within 72 hours of damage
2. Drones and satellites check the loss (no arguments!)
3. Money instantly comes to the registered account
4.Everything can be tracked on the website or app using the Policy ID.
Real Numbers That Prove It Works
Details | Number(as of June 2025) |
Farmers Insured | 78.41 crore |
Total Claims Paid | Rs 1.83 lakh crore |
Farmer Premium Paid | Rs 35,864crore |
Who Can Join?
Anyone who grows:
1. Rice, wheat, pulses, oilseeds
2.Cotton, sugarcane, fruits, vegetables
Ready to Protect Your Hard Work?
Don’t wait for the next storm.
Visit pmfby.gov.in or https://pmfby.gov.in/ your nearest bank/Common Service Centre (CSC) today.
With PMFBY, you’re not just farming you’re farming smart.
Have you used PMFBY? Share your story below! Let’s help more farmers stay strong.
Follow Agri Joy for simple updates on PM-KISAN, soil health cards, KCC loans, and more. Because every farmer deserves to smile at harvest time.
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