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Pradhan Mantri Fasal Bima Yojana (PMFBY) is the government sponsored crop insurance scheme that integrates multiple stakeholders on a single platform.
Jul 16, 2022 · Pradhan Mantri Fasal Bima Yojana is a crop insurance scheme launched by the Union Government. It covers pre-harvest and post-harvest losses arising out of natural calamities (cyclones and unseasonal rains), pests, and diseases.
Pradhan Mantri Fasal Bima Yojana (PMFBY) aims to support production in agriculture by providing affordable crop insurance to ensure comprehensive risk cover for crops of farmers against all non-preventable natural risks from pre-sowing to post-harvest stage, on an ‘Area Approach Basis’.
Pradhan Mantri Fasal Bima Yojna (PMFBY) aims to provide a comprehensive insurance cover against failure of the crop thus helping in stabilising the income of the farmers.
Hon'ble Prime Minister Shri Narendra Modi unveiled the new scheme Pradhan Mantri Fasal Bima Yojana (PMFBY) on 13 th January, 2016. This scheme will help in decreasing the burden of premiums on farmers who take loans for their cultivation and will also safeguard them against the inclement weather.
Feb 15, 2024 · Pradhan Mantri Fasal Bima Yojana (PMFBY), launched in 2016, aims to provide a simple, affordable, and comprehensive crop insurance product to Indian farmers. This scheme covers all non-preventable natural risks from pre-sowing to post-harvest, ensuring financial support in the event of crop failure due to natural calamities, pests, or diseases.
