PM Fasal Bima Yojana 2025: Crop Insurance Details and How to Apply

The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crucial initiative launched by the Indian government to safeguard farmers against financial losses due to natural calamities that damage their crops. From floods and droughts to fire and waterlogging, these unforeseen events can devastate farming communities. To ensure farmers’ protection during the Rabi season, the government has extended the deadline for applying for crop insurance under the PM Fasal Bima Yojana to January 15, 2025. Previously, the last date for insurance was December 31, but now farmers have more time to secure financial support for their crops.

Farmers can avail of this scheme by insuring crops like wheat, maize, paddy, and other grains, oilseeds, and pulses. Under this scheme, farmers pay a premium based on 1.5% of the sum insured, which covers the losses incurred due to natural disasters. This article provides a detailed understanding of the PM Fasal Bima Yojana, including eligibility, documents required, the application process, and how farmers can claim insurance.

PM Fasal Bima Yojana Overview

The Pradhan Mantri Fasal Bima Yojana was introduced by the Indian government on 18 February 2016 to offer a safety net for farmers. The scheme aims to provide financial assistance to farmers whose crops are damaged by various natural calamities, such as floods, droughts, fires, and waterlogging. The government reimburses farmers for part of the cost of insuring their crops and compensates them for the loss they suffer.

• Scheme Name: PM Fasal Bima Yojana
• Launch Date: 18 February 2016
• Last Date for Application: January 15, 2025
• Official Website: pmfby.gov.in

The insurance is available for various crops like wheat, paddy, maize, and oilseeds, with farmers receiving coverage for their land based on the per-hectare insurance amount determined by the government. This financial coverage can help farmers recover from crop losses and continue with their agricultural activities without major financial setbacks.

PM Fasal Bima Yojana Eligibility

To qualify for the Pradhan Mantri Fasal Bima Yojana, farmers must meet certain criteria:

1. Cultivators or Sharecroppers: Farmers must be either cultivators or sharecroppers of the insured land.
2. Land Ownership or Tenancy Agreement: They must possess valid land ownership certificates or a valid tenancy agreement for the insured land.
3. Timely Application: Farmers need to apply for insurance coverage within the prescribed timeframe, generally within two weeks of the start of the sowing season.
4. No Compensation for Loss: They should not have received compensation for the same crop loss from any other source.
5. Valid Bank Account: A valid bank account and identity proof are mandatory for claim processing.

Documents Required for PM Fasal Bima Yojana

Farmers need to provide the following documents while applying for the PM Fasal Bima Yojana:

• Aadhar Card
• Bank Account Details
• Khasra Number (Land Details)
• Ration Card
• Voter ID
• Driving License
• Passport Size Photograph

These documents help the authorities verify the farmers’ identity and land details, ensuring that the insurance is processed accurately.

How to Apply for PM Fasal Bima Yojana Online

Farmers have two ways to apply for the PM Fasal Bima Yojana:

Through the Official Portal:
Farmers can take the following actions after visiting the official website, pmfby.gov.in:

• Step 1: Go to the official portal pmfby.gov.in.
• Step 2: Click on “Farmer’s Corner.
• Step 3: If you don’t have an account, click on “Guest Farmer” to register.
• Step 4: Fill in all the required details, such as land ownership, crop details, and personal information.
• Step 5: After filling out the form, click on submit.

The portal also offers the option to track the application status online once it has been submitted.

Through Bank Branches:
Farmers can also apply at their nearest bank branches. Bank officials guide them through the process and assist with form filling and documentation.

Also Read: Labor Card Scheme 2025: Apply Online for Benefits

How to Claim PM Fasal Bima Yojana Amount

In case of crop damage, farmers need to file a claim within 72 hours of the event to ensure timely reimbursement. Here are the steps for claiming the insurance:

• Step 1: Log in to the PMFBY portal and select “Report Crop Loss.”
• Step 2: Provide details of the damage, upload the required documents (photographs of damaged crops, reports from the village-level committee, or agriculture department).
• Step 3: Once submitted, the insurance company reviews the claim, verifies the documents, and processes the compensation.

The claim process must be accompanied by appropriate documentation to ensure quick and hassle-free reimbursement.

PM Fasal Bima Yojana Benefits

The PM Fasal Bima Yojana offers a wide range of benefits to farmers, helping them recover financial losses due to natural disasters:

• Financial Protection: Compensation for crop losses ensures that farmers do not face significant financial hardships.
• Premium Rates: During the Rabi season, the premium is 1.5% of the insured amount for all crops, which makes it affordable.
• Coverage for Various Crops: Farmers can insure a variety of crops such as wheat, paddy, maize, oilseeds, and pulses.
• Government Assistance: The government directly supports farmers by reimbursing a substantial part of the insurance premium.
• Ease of Application: The process is simple, with online applications available, making it easy for farmers to apply and get coverage from their own homes.

Conclusion

The Pradhan Mantri Fasal Bima Yojana is a significant initiative aimed at helping farmers protect their crops against natural disasters. With the deadline extended to January 15, 2025, farmers across India have an additional opportunity to insure their Rabi crops.

It’s essential for farmers to ensure they apply within this timeframe to benefit from government support. Whether applying online or through bank branches, farmers can easily get their crops insured and secure their financial stability during challenging times.

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