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: Why Farmers Are Unhappy With PM Fasal Bima Yojana

  Though Pradhan Mantri Fasal Bima Yojana (PMFBY) has been implemented across the country since 2016-17, the farmers are not keen on the Fasal Bima Yojana in Kodagu.…

• PMFBY Update: Insurance Companies Reduce Exposure to Crop Insurance

  General Insurance companies are gradually decreasing their exposure to the crop insurance segment, Pradhan Mantri Fasal Bima Yojana, (PMFBY), in order to balance their portfolios and cut down losses on account of high claims, as the union government made the scheme optional and slashed its…

• PMFBY: Farmers to Get Compensation for Crop Damage; Know How to Apply

  Rs. 61 crore have been released under Pradhan Mantri Fasal Bima Yojana (PMFBY).…

• PMFBY: Over Rs 1,000 Crore Crop Insurance Dues Not Yet Paid: Biju Janata Dal

  BJD party spokesman Sasmit Patra said till Kharif 2020, the total premium paid to insurance companies was Rs 6163.28 crore while the payment by the insurance companies was Rs 5,098.64 crore. Thus, the insurance companies profited to the tune of Rs 1,064.64 crore, he said.…

• PMFBY: Rajasthan Government Introduces Premium Subsidy Worth Rs 61.45 Crore

  Under Pradhan Mantri Fasal Bima Yojana (PMFBY), Rajasthan government introduced a premium subsidy worth Rupees 61.45 crore.…

• PMFBY Quiz: Play and Win Rs 11,000; Check Details

  The Ministry of Agriculture & Farmers Welfare is conducting “PMFBY Quiz” competition through MyGov from 21st June to 21st August 2021 with the goal to create awareness amongst the citizens about ‘Pradhan Mantri Fasal Bima Yojana (PMFBY), launched on 18th February 2016 by Prime Minister…

• Tamil Nadu Asks PM Modi to Remove Capping on Centre’s Share in PMFBY

  In a letter to Modi, Stalin stated that the Fasal Bima Yojana has been successfully implemented, and Tamil Nadu has seen a large increase in terms of area insured and farmer enrollment as a result of the state's honest efforts and best practices.…

• PMFBY Latest Update: Insurance Companies to Include Names of Nominee in Crop Insurance Scheme

  As per the information, the Karnataka government has now directed insurance firms to include the names of farmers’ family members as nominees while offering the insurance cover under the PMFBY.…

• PMFBY: Deadline to Register for PM Fasal Bima Yojana Extended; Details Inside

  The Maharashtra government's demand to extend the cut-off date for enrolment of farmers under the Pradhan Mantri Fasal Bima Yojana for the Kharif season 2021 from July 15 to July 23 was met on Thursday by the Central government.…

• PMFBY Update: Assam to Register 5 lakh Farmers under Pradhan Mantri Fasal Bima Yojana till July 31

  The Agriculture department in Assam has set a target to register 5 lakh farmers under Pradhan Mantri Fasal Bima Yojana (PMFBY) for ensuing Sali paddy till July 31.…

• PMFBY Update: Farmers Will Have to Do This Important Work by July 24 or They Will Be in Trouble

  For this Kharif season, you have only 12 days to register for this scheme, i.e., 24 July. You will have to give the written information in the bank by 24 July, if you want to get the crop insurance for this Kharif season or not.…

• PMFBY latest Update: Government to Share upto 90% Premium Subsidy for PM Fasal Bima Yojana

  Centre would share the premium subsidy for PMFBY (Pradhan Mantri Fasal Bima Yojana) up to 90% for the North eastern states from the existing 50:50 sharing ratio.…

• PMFBY Latest Update: Government Starts Special Drive to Bring in More Farmers under PM Fasal Bima Yojana

  Agri Minister, Narendra Tomar on Thursday (1 July 2021) launched a special drive to enrol more farmers under its crop inurance scheme known as Pradhan Mantri Fasal Bima Yojana…

• 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.…