What happened: PMFBY coverage, budget allocation, and official performance figures
Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance programme under which farmers receive financial coverage for specified crop losses. A PIB backgrounder attributes the scheme’s coverage across pre-sowing, crop growing stage, and post-harvest losses to help stabilise farmers’ incomes during weather uncertainty.
PMFBY risk coverage (what losses are insured)
PMFBY coverage includes losses from pre-sowing and post-harvest stages and multiple natural and non-natural perils. The PIB backgrounder lists risks as follows:
Pre-sowing losses: prevented or failed sowing; and risks at individual land parcels due to localized calamities including hailstorms and inundation (and similar perils mentioned).Mid-season adversity: widespread mid-season adversity (as stated in the PIB backgrounder).Post-harvest losses: losses caused by cyclones, unseasonal rainfall, and other specified perils.Other listed perils: droughts, floods, pests, diseases, hailstorms, localized calamities, damage by inundation, unseasonal rainfall, and specified post-harvest losses.
Premium structure and farmer uptake (PIB claims)
Related current affairs
- Crop Insurance: Pradhan Mantri Fasal Bima Yojana to be implemented in Bihar
- PMFBY risk coverage details: yield losses, prevented sowing, localized calamities and exclusions
- Pradhan Mantri Fasal Bima Yojana to be implemented in Bihar for crop-loss protection
- Implementation of YES-TECH (Technology-based yield estimation) for objective crop damage assessment under PMFBY
- PMFBY digital and governance framework: NCIP, DigiClaim, land-record integration, CCE Agri app, CROPIC and grievance redressal
- PMFBY premium rates and government subsidy sharing: farmer contribution norms and NE/Himalayan coverage