What happened
The government communicated PMFBY premium caps and the subsidy sharing pattern between the Centre and the States. The communication specifies the maximum premium rates farmers pay and how the remaining premium is shared as Government subsidy, including a special sharing ratio for North-Eastern and Himalayan States/Union Territories.
PMFBY: farmer premium caps
Under PMFBY premium norms, farmers pay capped premium rates as follows:
Kharif: maximum premium of 2%Rabi foodgrain and oilseed crops: maximum premium of 1.5%Commercial and horticultural crops: maximum premium of 5%
Government subsidy sharing pattern
Related current affairs
- PMFBY/RWBCIS: methodology of crop loss assessment and steps for timely claim settlement
- PMFBY technology tools for yield and weather estimation: YES-TECH, WINDS, CROPIC and link to weather-based insurance products
- PMFBY implementation trends: enrolment changes due to Maharashtra and Andhra Pradesh universalization approach discontinuation and state-wise growth in Kharif 2025-26
- Pradhan Mantri Fasal Bima Yojana (PMFBY): coverage, premium structure, budget allocation and key achievements
- Crop Insurance: Pradhan Mantri Fasal Bima Yojana to be implemented in Bihar
- Pradhan Mantri Fasal Bima Yojana to be implemented in Bihar for crop-loss protection