About this scheme
Pradhan Mantri Fasal Bima Yojana provides crop insurance to farmers and agri-MSMEs. Farmer pays 2% premium for kharif, 1.5% for rabi, 5% for commercial/horticulture crops — government subsidises the rest.
What you get
- Farmer premium: 2% (kharif), 1.5% (rabi), 5% (commercial)
- Government subsidises 90-98% of actual premium
- Sum insured equals scale of finance / Minimum Support Price
- Coverage: drought, flood, pest, disease, post-harvest losses
- Claim settlement within 2 months of crop cutting experiments
- Direct Benefit Transfer to bank account
Who qualifies
All farmers — landed, tenant, or sharecroppers — growing notified crops in notified areas. Cropping pattern declared at the start of the season.
Industries (NIC divisions)
Crop productionAnimal productionForestry / fishingFood processing
Business types
ProprietorshipsPartnerships
Available across India (central scheme).
How to apply
- 1Visit nearest bank branch, CSC, or insurance agent
- 2Submit Aadhaar, land documents, sowing certificate
- 3Premium debited automatically for KCC holders
- 4Cut-off date: 7 days before sowing season starts
- 5Claims processed via CCE data + satellite imagery
Key terms and conditions
- Voluntary for non-loanee farmers (since 2020)
- Crop must be notified in your district for the season
- Premium changes by crop and year
What disqualifies you
- Non-agricultural businesses ineligible
- Crops not notified in your area not covered
- Late enrollment past cut-off rejected
Documents typically required
- Aadhaar
- Land records
- Bank account
- Sowing certificate
The content above is compiled from public information published by the scheme authority. Eligibility, benefits, and procedures are subject to change. Confirm details directly with the official portal before applying. BharatSeal does not process scheme applications.