PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY)

About the scheme

I. Objective of the Scheme:

Pradhan Mantri Fasal Bima Yojana (PMFBY) aims at supporting sustainable production in agriculture sector by way of -

  • a) providing financial support to farmers suffering crop loss/damage arising out of unforeseen events
  • b) stabilizing the income of farmers to ensure their continuance in farming
  • c) encouraging farmers to adopt innovative and modern agricultural practices
  • d) ensuring flow of credit to the agriculture sector; which will contribute to food security, crop diversification and enhancing growth and competitiveness of agriculture sector besides protecting farmers from production risks.

• The Scheme covers all Food & Oilseeds crops and Annual Commercial/Horticultural Crops for which past yield data is available and for which requisite number of Crop Cutting Experiments (CCEs) will be conducted being a part of the General Crop Estimation Survey (GCES).

• The scheme is compulsory for loanee farmer obtaining Crop Loan /KCC account for notified crops. However, voluntary for Other/non loanee farmers who have insurable interest in the insured crop(s).

• The Maximum Premium payable by the farmers is 2% for all Kharif Food & Oilseeds crops, 1.5% for Rabi Food & Oilseeds crops and 5% for Annual Commercial/Horticultural Crops.

• The difference between premium and the rate of Insurance charges payable by farmers shall be shared equally by the Central and State Governments .

• The seasonality discipline shall be same for loanee and non-loanee farmers.

 

PMFBY AT A GLANCE

Oriental Team Participating in Crop Cutting Experiment

ABOUT THE SCHEME

  1. Operational Guidelines- English
  2. Operational Guidelines- Hindi
  3. PMFBY scheme- English
  4. PMFBY scheme- Hindi
  5. PMFBY Scheme_Assamese part-1     part-2
  6. PMFBY Scheme_Bengali
  7. FBY Scheme_Marathi
  8. PMFBY Scheme_Odia
  9. PMFBY Scheme_Telugu part-1     part-2

 

SUCCESS UNDER PMFBY

  1. We have been participating in the PMFBY scheme since Rabi 2016-17 covering States across the length and breadth of the Country.
  2. We are the implementing agency for the following States:

Sno

Season

State

1

Rabi 2016-17

Himachal Pradesh
     

2

Kharif 2017

Jammu & Kashmir
Jharkhand
Maharashtra
Uttarakhand
     

3

Rabi 2017-18

Jammu & Kashmir
Jharkhand
Maharashtra
Assam
Karnataka
     

4

Kharif 2018

Jammu & Kashmir
Jharkhand
Maharashtra
Assam
Haryana
West Bengal
Odisha
Andhra pradesh

 

PRICING

Pricing of the Crops to be insured for the Season is done by the Actuarial Department of our Company.

 

GENERAL MANAGEMENT

Daily review of enrollment and claims settlement at our Regional Offices. Regular follow up is being done with the Banks and CSC for implementation of the scheme as per the Operational Guidelines of Pradhan Mantri Fasal Bima Yojana.

 

PERFORMANCE

We started implementation of PMFBY from the Season Rabi 2016-17 in the State of Himachal Pradesh on pilot basis with a Direct premium of Rs.6.77 crores. This went upto a premium of Rs. 522.26 crores in the Season Kharif 2017 covering 5 States. Presently we are the Implementing Agency in 8 States across the Country. The time lines set by the Government for achieving various project milestones have been adhered to.

 

The State wise performance of our company under PMFBY

  1. Enrollment
  2. Claims
  3. Claims paid details of beneficiaries for Kharif Season 2017
  4. Rabi 2017 Approved Farmers Data - Satara
  5. Rabi 2017 Approved Farmers Data - Amravati
  6. Rabi 2017 Approved Farmers Data - Buldhana
  7. Rabi 2017 Approved Farmers Data - Aurangabad
  8. Rabi 2017 Approved Farmers Data - Jalgaon

 

CONTACT DETAILS OF OUR OFFICERS IN IMPLEMENTING STATES

  1. Contact details

Grievance Officer’s details

National Crop Insurance Portal (NCIP) FAQ

PMFBY FAQ

Crop Calendar