PMFBY provides insurance coverage for notified crops against yield losses from natural causes, with farmer premium contributions capped well below the actual insurance cost and the government subsidising the remainder. Landowning farmers, tenants, and sharecroppers growing notified crops in notified areas can participate.
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Pradhan Mantri Fasal Bima Yojana (PMFBY)
A crop insurance scheme protecting farmers against yield loss, with farmers paying a small fixed premium share and the government covering the rest.
Government Scheme
Quick Information
- Category
- Government Scheme
- Department
- Department of Agriculture and Farmers Welfare, Ministry of Agriculture and Farmers Welfare
- Government Level
- Central Government
- Official Portal
- pmfby.gov.in
- Last Verified
- 2026-09-06
Overview
Important Information
Eligibility & Benefits
- Eligibility
- Landowning farmers, tenant farmers, and sharecroppers growing notified crops in notified areas; loanee farmers may be enrolled automatically through their lending bank unless they opt out.
- Benefits
- Insurance payout against yield loss from natural causes for notified crops, with the farmer's premium capped at 2% for Kharif crops, 1.5% for Rabi food and oilseed crops, and 5% for commercial/horticultural crops — the government subsidises the balance of the actuarial premium.
- Required documents
- Land record documents (or tenancy/sharecropping agreement where applicable), bank account details, and sowing declaration as required by the state's implementation of the scheme.
How to Apply
- Application process
- Apply online at the official PMFBY portal, or through the farmer's bank branch, nearest Common Service Centre, or local agriculture department office; loanee farmers are typically enrolled through their bank unless they choose to opt out.
Official Source
Department of Agriculture and Farmers Welfare, Ministry of Agriculture and Farmers Welfare
Visit Official Website / Apply
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Source: Pradhan Mantri Fasal Bima Yojana, Department of Agriculture and Farmers Welfare
Last verified: 2026-09-06
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