The Central Government’s Pradhan Mantri Fasal Bima Yojana (PMFBY) insures farmers’ crops — if drought, flood, hailstorm, pests or disease damage the crop, compensation is paid. The scheme began in 2016 and follows the principle of “One Nation, One Crop, One Premium”. The farmer pays only a small share of the premium — 2% for kharif crops, 1.5% for rabi crops and 5% for annual commercial/horticultural crops — while the government pays the remaining 95% to 98.5%.
How much premium does the farmer pay
The farmer’s share is the same across India. For example, if a crop’s sum insured is ₹50,000, the farmer pays only ₹1,000 (2%) in kharif, ₹750 (1.5%) in rabi and ₹2,500 (5%) for a commercial crop. The rest is paid by the government — shared 50:50 by the Centre and the State in normal states, and 90:10 in North-Eastern and Himalayan states. There is no upper cap on the sum insured — it equals the Scale of Finance fixed for that crop and district.
Which losses are covered
The scheme covers crop loss from drought, flood, cyclone, hailstorm, pest attack and disease. It also covers prevented sowing, localised calamities, damage by inundation, unseasonal rainfall and specified post-harvest losses. In 2026, the scheme is running in 25 states and union territories. Note — insurance is available only for crops notified by the State Government for that season.
How and when to enrol
Enrolment is done online at the official portal pmfby.gov.in — the premium calculator in the Farmer Corner shows the exact premium for your crop, district and area. Enrolment is also possible at a bank branch or CSC centre. Kharif 2026 enrolment has closed; rabi 2026-27 enrolment opened on 15 October 2026, and the usual last date is 31 December — but the date differs by state and crop, so check your district’s notification on the portal.
How to claim if there is a loss
If the crop is damaged, report the loss on pmfby.gov.in — the portal has a crop loss reporting facility. Reporting on time is essential, because a late report weakens the claim. Compensation is paid directly into the bank account, based on the sum insured and the loss assessment. Keep your enrolment receipt and crop records safe — they are needed when claiming.
Frequently Asked Questions
Q1: How much premium does a farmer pay under PM Fasal Bima?
A: 2% of the sum insured for kharif, 1.5% for rabi and 5% for commercial/horticultural crops — the government pays the rest.
Q2: Which crops are covered?
A: Only crops notified by the State Government for that season. Check your crop and district on pmfby.gov.in.
Q3: How do I claim for a loss?
A: Report the crop loss on pmfby.gov.in — reporting on time is essential. Compensation comes directly into the bank account.
Q4: What is the last date for rabi 2026-27 enrolment?
A: Enrolment opened on 15 October 2026; the usual last date is 31 December, but it can differ by state and crop — check the portal.
Useful links
- PMFBY official portal: https://pmfby.gov.in/
- PM Fasal Bima Yojana on MyScheme: https://www.myscheme.gov.in/schemes/pmfby
- Next Action: see all 726 Central Government schemes — https://www.viksitharyana.com/english/kendra-sarkar-ki-yojnayen-2/
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