PMFBY

The Pradhan Mantri Fasal Bima Yojana was launched on 18 February 2016 by PM Narendra Modi, which gives an insurance service for farmers for their yields. Here are the latest news and updates on PMFBY.

• PMFBY: Fiscally-Stressed States Look For ‘Beed Formula’ to Reduce Costs for Upcoming Kharif Season

  Given the usual monsoon forecast for this year, the states believe there could be a'surplus' in gross premiums to be paid by insurers, and the Beed formula, also known as the '80-110 Plan,' will ensure that premiums beyond a certain threshold are refunded to the…

• PMFBY Latest Update: Farmers can register for Pradhan Mantri Fasal Bima Yojana till July 31

  Under Pradhan Mantri Fasal Bima Yojana in Haryana, in this Kharif season, Paddy, Millet, and Cotton crops can be insured. And wheat, barley, gram, mustard, and sunflower crops in Rabi season. The last date for crop insurance under this scheme is 31 July.…

• How to Check PMFBY Status and Other Details Online

  Pradhan Mantri Fasal Bima Yojana is a scheme that gives coverage against financial losses suffered by farmers because of various unfortunate events. PMFBY covers crop failure due to localized risks, natural calamities, post-harvest losses, unseasonal rainfall, pests, crop diseases etc.…

• Why Pradhan Mantri Fasal Bima Yojana is Important for Farmers? Check Important Documents & How to Apply

  Pradhan Mantri Fasal Bima Yojana (PMFBY) is a government sponsored crop insurance scheme that integrates multiple stakeholders on a single platform which is launched on 18 February 2016 by Prime Minister Narendra Modi.…

• “Farmitra – Caringly Yours App” a farmer’s true friend for their Agriculture and Insurance needs!

  Government of India’s flagship program Pradhan Mantri Fasal Bima Yojana (PMFBY) has successfully completed its 5 years in operation on 13th January 2021. Over 5.5 Crores farmers have participated in the scheme each year and got financial protection cover for their crop losses.…

• 74,446 Farmers Benefited from Crop Insurance Scheme; Government Advices Farmers to Grow Second Crop instead of Paddy

  Excessive exploitation of water is one of the major problems of Indian agriculture system which has deepened the water crisis. But most governments are unable to come up with a concrete plan to deal with it. Even if a plan is being made, the files…

• PMFBY Latest Update: Crop Insurance should be Made Easier; IRDAI Gave These Instructions

  The insurance regulator IRDAI has recently directed all non-life insurance companies to increase the coverage of crop insurance to give farmer’s maximum benefit.…

• PMFBY: Centre Allocates Rs. 16000 Crore for Pradhan Mantri Fasal Bima Yojana for FY 2021-22

  Union government has allocated Rs.16,000 crores for Pradhan Mantri Fasal Bima Yojana (PMFBY) for the fiscal year 2021-22 after the announcement made by Nirmala Sitharaman to boost the safety of farmers' crops and to ensure that maximum benefit of crop insurance reaches farmers.…

• Government protects farmers from natural and local disasters through PMFBY: Kailash Choudhary

  On completion of 5 years of Pradhan Mantri Fasal Bima Yojana (PMFBY), which is very popular among farmers the Center holds a review meeting related to the upcoming expansion of the scheme at Krishi Bhavan.…

• PMFBY: Pradhan Mantri Fasal Bima Yojana successfully completes 5 years; Rs 90,000 crore paid to farmers so far

  Fasal Bima Yojana: Rs 90,000 crore have been paid to farmers since the launch of PMFBY on 13 January 2016, according to Union agriculture ministry.…

• Crop Insurance: Pradhan Mantri Fasal Bima Yojana to Cover Damage caused by Wildlife; Details Inside

  Crop damage by wildlife is being included as add-on coverage under the Pradhan Mantri Fasal Bima Yojana (PMFBY) in a major move to handle human-wildlife conflict.…

• PMFBY- YSR Free Crop Insurance Scheme: Over 9 lakh farmers receive Rs 1,252 crore for losses in 2019

  YS Jagan Mohan Reddy, Chief Minister or Andhra pradesh on Tuesday (15 Dec 2020) launched ‘YSR Free Crop Insurance’ scheme and disbursed Rs 1,252 crore directly into the bank accounts of more than 9 lakh farmers, who have lost their crops in Kharif 2019.…

• PMFBY Latest Update: Mobile Van being used for widespread publicity of Pradhan Mantri Fasal Bima Yojana

  Mobile van is being used for widespread publicity of Prime Minister Crop Insurance Scheme in Jalore district of Rajasthan. This mobile van is going to all the gram panchayats and patwari circles of the district and making the farmers aware of crop insurance. Wheat, gram,…

• PMFBY Yojana Latest: Millets Will Now Be Covered Under Crop Insurance Scheme; More Details Inside

  Here comes a good news for farmers. Millet crops in Kerala have secured a place in the RWBCIS or Restructured Weather based Crop Insurance Scheme executed by Agriculture Insurance Company of India (AIC).…

• Success Story: How PMFBY and Farmitra Benefitted Mr Prashant Subhahsrao Deshmukh

  27 year old Prashant Subhashrao Deshmukh started farming 6 years back at his village Nandapur, Taluka-Kalmnuri, District- Hingoli in Maharashtra. He cultivated Turmeric, Soybean, Green Gram, Red Gram and Sorghum at his farm but unseasonal rainfall & uncertainty of onset of Monsoon made him very…

• Enrolment Process under the PMFBY

  The Govt of India had launched PMFBY with the aim to provide financial support to the farmers in case of any crop loss due to the unforeseen events.…

• Claims Settlement Process under the Pradhan Mantri Fasal Bima Yojana

  Ministry of Agriculture & Farmer’s Welfare, Govt of India has launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) with the objective to provide protection to farmers in case of any crop loss due to unforeseen and uncontrollable weather events.…

• PM Fasal Bima Yojana: 20 lakh Farmers will get Rs. 4,688 crore under PMFBY by November; Register Now, Direct Link to Apply Inside

  Central and state governments are running different schemes to increase the income of farmers amid the pandemic. Pradhan Mantri Fasal Bima Yojana (PMFBY) was started on 13 January 2016 which aims to provide crop insurance. Under this scheme, the government provides financial assistance in case…

• PM Fasal Bima Yojana Latest News: Central Government Gives Big Relief to Farmers of This State

  The Modi government has given a big relief for the farmers recently. The central government has announced the extension of the date of depositing the premium money of the Pradhan Mantri Fasal Bima Yojana.…

• PMFBY: Who is Earning Profit? Check Out the Ground Reality of Allegations by Some Farmer Organisations

  As it came in the news that certain sections of farmers are losing faith in insurance companies who are providing crop cover under PMFBY, we are here to analyse the ground reality of these allegations.…

• PMFBY Latest Update: Madhya Pradesh announces release of Crop Insurance Claims worth Rs 4,500 crore

  Madhya Pradesh government has announced the release of crop insurance claims worth Rs 4,500 crore for as many as 19 lakh farmers of the state whose fields were destroyed by heavy rainfall in 2019.…

• PMFBY Latest News: State’s Share in Premium should be restored to 50 percent; Thackeray tells Centre

  Recently, Chief Minister of Maharashtra Uddhav Thackeray on Thursday requested the Centre to restore the state government’s share to 50 per cent in Pradhan Mantri Fasal Bima Yojna premium. He also said that crop insurance companies must set up offices at districts.…

• PMFBY: Farmers Have One More Chance to Take Benefit of Crop Insurance Scheme; Apply Before 31 August

  The state government of Madhya Pradesh has given another opportunity to the farmers to take advantage of PM Fasal Bima Yojana to ensure crop protection which occurs due to various reasons. The government has said that farmers can submit Crop Insurance Premium till 31 August.…

• Lockdown 2.0: Government Disburses Crop Insurance Claims worth Rs 2,424 crore to Farmers under PMFBY

  The Centre on Wednesday (15th April 2020) said that it has disbursed crop insurance claims worth Rs 2,424 crore to the farmers across twelve states during the nationwide lockdown.…

• PMFBY: Know about the Benefits, Necessary Documents, Premium Amount to Avail This Govt Scheme

  India is an agriculture-based country where nearly 60% of the population directly or indirectly dependent on farming. Notably, due to various natural problems and climatic conditions, farmers face lots of struggles and losses every year. Sometimes due to floods or even drought, farmers have to…