The government has earmarked Rs. 69,515 crore for the Pradhan Mantri Fasal Bima Yojana (PMFBY) to insure farmers’ crops against natural disasters through FFasal Bima Yojana Update 2025. This initiative aids farmers by providing compensation for crop losses, stabilizing their incomes, promoting improved farming practices, and encouraging loans to enhance food security. Over the past eight years, PMFBY has disbursed Rs. 1.70 lakh crore in claims. In addition, a Rs. 824.77 crore Fund for Innovation and Technology (FIAT) has been established to enhance research and technology, thereby improving claim processing and ensuring greater transparency within the scheme.
Key Highlights of Fasal Bima Yojana
| Name of the scheme | Pradhan Mantri Fasal Bima Yojana |
| Purpose | Protect farmers from crop losses due to natural disasters |
| Budget | Rs. 69,515 crore allocated until 2025-26 |
| Claims Paid | Rs. 1.70 lakh crore paid to farmers over 8 years |
| Coverage | Insures crops against risks like drought, flood, hailstorm, and cyclones |
| Fund for Innovation | Rs. 824.77 crore FIAT to improve transparency and efficiency |
| Benefits | Stabilizes farmers’ income and promotes sustainable agriculture |
| Crops Covered | Includes food crops, oilseeds, and horticultural crops |
| Focus | Encourages credit flow and innovative farming practices |
| Mode of Application | Online |
| Official website | https://pmfby.gov.in/ |
Fasal Bima Yojana Update 2025
The government has announced an extension of the Pradhan Mantri Fasal Bima Yojana (PMFBY) with a budget allocation of Rs. 69,515 crore until 2025-26. This crop insurance scheme is designed to safeguard farmers against financial losses caused by natural disasters, ensuring income stability and encouraging improved farming practices.
Over the past eight years, PMFBY has disbursed Rs. 1.70 lakh crore in claims. Additionally, a new Rs. 824.77 crore Fund for Innovation and Technology (FIAT) has been established to support advancements such as remote sensing for yield estimation and automated weather monitoring. These innovations aim to enhance transparency and efficiency in the claims process. Overall, these updates are intended to bolster agricultural resilience and promote sustainable farming practices across the country.
Objective of Fasal Bima Yojana
- Financial Assistance: Offer financial support to farmers for crop losses incurred due to natural disasters.
- Income Stability: Ensure that farmers maintain a stable income, even during challenging times.
- Modern Farming Practices: Encourage the adoption of improved farming techniques and practices.
- Credit Accessibility: Promote increased credit availability to farmers for enhancing food security and diversifying crops.
- Risk Protection: Safeguard farmers against risks associated with droughts, floods, and other unforeseen events.
- Technological Integration: Leverage technology to expedite claim settlements and enhance transparency.
- Sustainable Agriculture: Support sustainable farming initiatives while alleviating the financial strain on farmers.
Eligibility Criteria
- Farmers must be at least 18 years old.
- They should grow notified crops in a designated area.
- An insurable interest in the crops cultivated is required.
- Valid land ownership documents must be provided.
- Farmers should not have received compensation for the same crop loss from any other source.
- The scheme is optional for all farmers, including those with Crop Loans or Kisan Credit Cards (KCC).
Benefits of Fasal Bima Yojana Update 2025
- Financial Protection: Shields farmers from financial losses due to crop damage.
- Comprehensive Coverage: Addresses risks from natural disasters, pests, diseases, and post-harvest losses.
- Income Stabilization: Helps stabilize farmers’ incomes and alleviate financial stress.
- Encouragement of Best Practices: Motivates farmers to adopt improved farming techniques and technology.
- Access to Credit: Facilitates access to agricultural loans and credit.
- Support for Food Security: Aids in food security and crop diversification efforts.
- Efficient Claims Processing: Claims are processed rapidly using advanced technology.
- Recovery Assistance: Aids farmers in recovering and continuing their farming activities after losses.
Required Documents
- Proof of Identity: Aadhaar Card, Voter ID, etc.
- Proof of Land Ownership.
- Crop Details: Information on crops grown and area of cultivation.
- Bank Account Details: Necessary for claim settlements.
- Kisan Credit Card (KCC) or Crop Loan details (if applicable).
- Photographs of Crops: If required.
- Aadhar-linked Mobile Number: For communication purposes.
Salient Features
- Covers a broad range of risks, including natural disasters, pests, and diseases.
- Provides financial assistance to farmers for crop loss or damage.
- Utilizes technology such as remote sensing for quicker and more accurate claim settlements.
- Available to all farmers, including those with Crop Loans or Kisan Credit Cards.
- Affordable premiums, with the government sharing costs with farmers.
- Claims are settled quickly to help farmers bounce back and continue farming.
- Provides coverage for both pre-harvest and post-harvest losses.
- Features an easy online application and claim process through the NCIP portal.
Application Process
- Visit the Official PMFBY Website.
- Create a Farmer Login Account: Fill in your personal and farm details.
- Select Crops and Coverage Options: Choose the crops you wish to insure.
- Submit Required Documents: Provide land ownership proof and identity details.
- Pay the Premium: This may be partially subsidized by the government.
- Receive Confirmation: After enrollment, you will receive a coverage confirmation for your crops.
- File a Claim: In case of crop loss, file a claim using the portal and provide necessary details.
- Claim Processing: Claims will be processed, and compensation will be directly transferred to your bank account.
Login for Fasal Bima Yojana
- Visit the Official Website.
- Click on “Farmer Login” on the homepage.
- Enter Your Registered Mobile Number or Aadhaar Number.
- Create a Password: Or enter your existing login details if you already have an account.
- Complete the CAPTCHA: Verify that you’re not a robot.
- Click “Login” to access your account.
- Manage Your Account: Once logged in, you can apply for coverage, track claims, or update your details.
Helpline Number
For information related to Pradhan Mantri Fasal Bima Yojana (PMFBY), you can call the following helpline numbers:
- 14447
- 1800-209-5959
- 1800-2-660-700
Who qualifies for PMFBY?
Farmers cultivating notified crops in designated areas are eligible. Participation in the scheme is voluntary for all farmers, including those with Crop Loans or Kisan Credit Cards (KCC).
What is the application process for PMFBY?
You can apply online via the NCIP website by creating a farmer login account and submitting the necessary documents.
Which crops are included in PMFBY coverage?
The scheme encompasses food crops, oilseeds, as well as commercial and horticultural crops.
Is participation in the scheme compulsory?
The scheme is optional for all farmers; however, those with Crop Loans or Kisan Credit Cards are automatically enrolled unless they choose to opt out.
How can I check the status of my claim?
To check your claim status, simply log into your account on the NCIP website.
The premium costs are shared between the government and farmers, with the government covering a substantial portion to alleviate the financial burden on farmers.
How can I get support?
For assistance, you can reach out to the helpline numbers: 14447, 1800-209-5959, or 1800-2-660-700.
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