Pradhan Mantri Fasal Bima Yojana (PMFBY) is a comprehensive, yield based crop insurance scheme of the Government which aims to provide financial support to farmers suffering crop loss/damage arising out of unforeseen events. The scheme cover crop losses due to –Prevented Sowing / planting riskNon preventable risks like Drought, Dry spells, Flood, Inundation, Pest and Disease, natural fire and lightning, storm, cyclone, typhoon, tempest, hurricane and tornado etcPost harvest lossesLocalized calamities – due to hailstorm, land slide and inundation Crop Insurance has been launched in 2017 for farmers through CSC SPV network in partnership with Bajaj Allianz General Insurance Company.
Pradhan Mantri Fasal Bima Yojana (PMFBY)
