Launched on 18th February 2016, “Pradhan Mantri Fasal Bima Yojana” is a crop insurance scheme by the Department of Agriculture, Cooperation and Farmers’ Welfare, in the Ministry of Agriculture. PMFBY aims to provide financial protection to farmers against crop loss due to natural disasters (Rain, drought, famine), pests, and diseases. It provides crop insurance at a cost-effective premium to all Indian farmers. PMFBY is an affordable crop insurance product implemented through a network of insurance companies and banks. The scheme covers over 50 crore farmers and provides insurance coverage for over 50 different crops.
Objectives of PMFBY
- Provide financial assistance and support to farmers suffering from crop damage or loss arising out of unforeseen events.
- Stabilize the income of farmers and ensure continuance in farming.
- Encourage the farmers to adopt modern and innovative agricultural practices.
- Ensure crop diversification and credit-worthiness of the farmers, enhance growth and competitiveness of the agriculture sector and protect the farmers from production risks.
To apply for the Pradhan Mantri Fasal Bima Yojana (PMFBY), farmers can apply both online and offline, with documents like passport-sized photos, identity and address proofs, land records, and a declaration about the crop sown.
Application Process:
- Online:
- Visit the PMFBY website.
- Click on the “Registration Link”.
- Register as a new farmer user, providing details like farmer details, residential details, account details, and ID details.
- Sign in and fill out the “Crop Insurance Scheme” application form.
- Offline:
- Contact the local agriculture department, bank, or insurance company
- Submit the form along with the required documents.
For Pradhan Mantri Fasal Bima Yojana (PMFBY), you need a passport-sized photo, identity and address proof (Aadhaar, PAN, Voter ID, etc.), land records (RoR, LPC), and a declaration about the crop sown/intended to be sown.
- Here’s a more detailed breakdown of the documents required:
- Passport-size photograph of the farmer.
- Identity proof of the farmer (Aadhar card, PAN card, Voter ID, Driving license, or Passport)
- Address proof of the farmer (Aadhar card, Voter ID, Driving license, or Passport)
