Farmers face weather risks, pests, and crop failures. Agricultural insurance protects against losses. Learn about PMFBY, crop insurance, and what ₹10k premium covers.
Agricultural Insurance
Farmers face weather risk, pests and crop failure. Agricultural insurance protects against the losses.
PMFBY (Pradhan Mantri Fasal Bima Yojana)
The government crop insurance scheme. The farmer pays 1.5–5% of the sum insured; the government subsidizes the rest. Coverage: ₹10k–₹50L per hectare against drought, flood, pests and disease, from sowing to harvest.
Why Farmers Need It
One bad monsoon can destroy an entire crop. Insurance is the financial safety net. Claims are paid on crop-damage assessment by government agencies.
Which crops, which perils and which assessment rules apply to YOUR land is in the scheme documents and policy wording. Generic advice ends here—check what YOUR policy actually says.
Frequently asked questions
What is PMFBY?
Pradhan Mantri Fasal Bima Yojana—government crop insurance scheme. Premium shared: Farmer pays 1.5–5%, government pays rest. Covers crop damage from natural calamities, pests, diseases.
How much does agricultural insurance cost?
Farmer pays 1.5–5% of sum insured. For ₹1L/hectare coverage, farmer pays ₹1,500–₹5,000/hectare. Government subsidizes 90–95% of premium—very affordable.
What crops are covered?
All food crops, oilseeds, commercial crops. Rice, wheat, pulses, cotton, sugarcane, etc. Coverage: Sowing to harvest period. Damage assessed by government surveyors.