Pradhan Mantri Fasal Bima Yojana (PMFBY)

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.