Pradhan Mantri Fasal Bima Yojana Upsc

Pradhan Mantri Fasal Bima Yojana Upsc

As an aspiring civil servant, I have had the opportunity to explore the Pradhan Mantri Fasal Bima Yojana (PMFBY), a flagship crop insurance scheme launched by the Indian government in 2016. I am fascinated by the scope of this program and its potential to provide much-needed assistance to Indian farmers. This article seeks to explore the details of the PMFBY and how it impacts the lives of farmers across India. Through this article, I will provide an overview of the scheme and its salient features, as well as an insight into its successes and challenges. Finally, I will explore its implications for the Union Public Service Commission (UPSC) and the role it plays in the implementation of the PMFBY


Pradhan Mantri Fasal Bima Yojana

Pradhan Mantri Fasal Bima Yojana (PMFBY) is an Indian crop insurance policy implemented by the Government of India in order to provide an insurance cover to farmers against losses due to crop damage. It is a major agricultural initiative aiming to reduce the risk involved in farming due to various factors such as droughts, floods, storms etc. Under the scheme, farmers are insured against damage of Rabi and Kharif crops or any other crop for which the premium rate is fixed.

The scheme has been adopted by the Union Public Service Commission (UPSC) so that farmers are well-equipped to tackle the risks involved in producing crops. The scheme provides insurance coverage to farmers with a nominal premium rate, which is shared by the farmers, Government and the insurance companies. The scheme also provides an option to purchase additional coverage for premium crops.

PMFBY has proven to be a boon for the agricultural sector, as it gives financial protection to farmers against crop damage. In its first year of implementation, over 50 million farmers had registered for the scheme. According to the official statistics, over Rs. 20,000 crore of farmers’ claims were successfully settled in the first year of implementation. This has encouraged farmers to venture into risk-prone agricultural activities and has resulted in an increase in agricultural production.

The scheme also provides monetary relief to farmers in the event of natural calamities such as floods, cyclones and hailstorms. The government provides subsidies up to 50% of the premium amount, so that farmers do not


The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a flagship scheme of the Government of India that was launched in 2016. It ensures comprehensive risk coverage to farmers in the event of crop failure due to natural calamities, pests, and diseases. The scheme, which has been implemented by the Ministry of Agriculture, provides flexible and low-cost insurance to farmers, making it more accessible and beneficial.

By providing financial security, PMFBY aims to cover a wide range of risks, including both pre- and post-harvest losses. This scheme helps provide greater agricultural risk management to farmers, as well as increase their resilience to climatic events and other risks. The scheme also provides a cushion to the farmers against the declining returns of the crop due to any of the aforementioned risks.

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The scheme also makes agricultural insurance more cost-effective and practical, making it easier for farmers to take advantage of it. The premiums are subsidized by the government and the farmers only have to pay a nominal amount. The scheme also guarantees the farmers a pre-defined sum in the event of a crop failure, which helps them to recover faster and make up for the losses.

The scheme has also been well-received by the masses, and its importance is recognized by the UPSC for various competitive exams. It has been a popular topic for many essays and interviews, and it helps to shed light on the various advantages of PMFBY and how it has impacted the agricultural economy.

Overall, the Pradhan Mantri Fasal B

Eligibility Criteria

The Pradhan Mantri Fasal Bima Yojana (PMFBY) is an insurance scheme introduced in 2016 to provide price and income support to farmers against loss of crops due to natural calamities. In order to be eligible for the scheme, farmers must comply with the following criteria set forth by the government.

Firstly, only farmers who are registered with the Agriculture Department are eligible for the PMFBY. Farmers have to register the land they intend to insure in the scheme and provide necessary documents to prove ownership.

Secondly, only crops that are approved by the state governments can be insured. These crops must have a minimum threshold area of one hectare and the farmers must be cultivating the crop on the registered land for that specific season.

Thirdly, the farmers must pay their share of the premium before the start of the season. The premium rate depends on the type of crop and the area of land being insured.

Fourthly, the farmers must submit the land details and other relevant documents to the insurance companies before the start of the season. This is to ensure that the farmers are eligible for the scheme and all the details are properly recorded.

Finally, the farmers must abide by the rules and regulations of the scheme. This includes submitting the required documents and premiums on time, as well as maintaining records of the crop production and yield. By adhering to these criteria, farmers can reap the benefits of the PMFBY and secure their livelihoods in case of a crop loss.

Scheme Coverage

The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a flagship crop insurance scheme of the Government of India. It was launched in February 2016 to provide comprehensive coverage against crop loss due to natural calamities. The scheme provides farmers with financial assistance for loss of crop yield due to natural calamities as well as price fall.

According to the Ministry of Agriculture and Farmers Welfare, the PMFBY covers crops in over 600 districts across the country. The scheme is open to all farmers, both small and marginal. It provides protection to farmers against unavoidable risks such as droughts, floods, pest attacks and other natural calamities.

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The scheme also covers post-harvest losses from the date of harvest to the date of sale of crop. Moreover, the scheme provides comprehensive coverage up to 50% of the insured sum against natural calamities like cyclones, hailstorms, landslides, and drought.

The PMFBY is expected to bring an additional 1.5 crore farmers under the fold of insurance and is expected to reduce the burden of the premium payment on the farmers, enabling them to focus more on production. Additionally, the scheme will also provide farmers with timely compensation for any losses suffered.

With the implementation of this scheme, the Government of India is aiming to promote agricultural productivity and reduce the economic burden of the farmers. This scheme is expected to benefit over 5.6 crore farmers across the country, ensuring that they are better equipped to cope with the risks of agriculture.

Implementation Strategies

The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a flagship crop insurance scheme that was launched in 2016 by the Government of India. It is aimed at mitigating risks associated with the cultivation of crops, ensuring farmers’ welfare and protecting them from crop losses due to natural calamities. The scheme has been implemented through a public-private partnership (PPP) model, wherein the financial burden of premium payments is shared between the Centre, state governments and the farmers.

As per the government, the estimated premium subsidy to be provided by the Centre under the PMFBY was Rs 9,693 crore in 2020-21. This is expected to be supplemented with a state government subsidy of Rs 5,371 crore. To make the scheme effective, the government has implemented various measures such as increasing the coverage of insured crops and risk areas, covering additional risks, and providing concessional credit to farmers.

The scheme has had positive effects on the farm sector in India. According to a report by the Economic Survey of India 2020-2021, the number of farmers covered under the PMFBY increased from 53.3 million in 2017-18 to 58.5 million in 2019-20. Similarly, the number of hectares covered under the scheme increased from 101.3 million hectares to 111.3 million hectares during the same period.

In addition, the implementation of the scheme has helped in improving the access of farmers to formal credit. As per a study by NITI Aayog, the share of institutional credit


The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a major agricultural insurance scheme implemented by the Government of India in 2016. It aims to provide comprehensive risk coverage for the farmers, including crop failure due to natural calamities and post-harvest losses. This scheme can provide a much-needed safety net to the farmers and help them protect their livelihoods.

Under the PMFBY, the farmers are provided with an insurance cover of up to 50% of the cost of cultivation and weather-based crop insurance for 20 different crops. Moreover, farmers are eligible for a flat premium of only 2% for Kharif crops, and 1.5% for Rabi and annual commercial horticulture crops. This makes the PMFBY one of the most affordable insurance plans available for farmers.

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The scheme also provides a financial assistance of up to Rs.1.5 lakh per hectare for unseasonal rains and hailstorms. Furthermore, the scheme also covers losses due to pests and diseases, and post-harvest losses of up to 10%. This makes PMFBY a comprehensive insurance plan for farmers.

In addition, the scheme also provides an efficient grievance redressal mechanism via an online platform and an insurance ombudsman. The ombudsman can address the grievances of the farmers regarding delay in payments and other issues.

Overall, the PMFBY is a much-needed scheme which can provide risk cover to the farmers and help them protect their livelihoods. It has already benefited over 10


The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a flagship scheme of the Indian government that supports farmers against crop losses caused by natural disasters. Although it is one of the most ambitious schemes in India, the implementation of the scheme has been marred by several challenges.

Firstly, a huge population of farmers in India are not aware of the scheme and its benefits. In order to tackle this, the government should focus more on educating farmers about the scheme through various campaigns and media platforms.

Secondly, the scheme requires advanced technology, such as drones, to assess the crop damage caused by natural disasters. As such, the government should invest in advanced technology to ensure that the scheme works properly.

Thirdly, corruption remains an issue among the implementing authorities of PMFBY. This can reduce the effectiveness of the scheme. In order to tackle this, the government should provide regular monitoring and training to the authorities.

Finally, many insurance companies are not interested in participating in the scheme due to the high risk involved. The government should provide incentives and subsidies to insurance companies to encourage them to participate.

Overall, PMFBY is a great scheme to protect the interests of Indian farmers. However, the government needs to address these challenges to ensure that the scheme works efficiently.


Pradhan Mantri Fasal Bima Yojana has the potential to provide Indian farmers with the financial security they need in order to operate their farms with confidence and optimism. This scheme is an essential step towards reducing the burden of rural poverty in India, and I believe this is an issue worth investing in. I would encourage everyone to participate in the scheme and to help spread the word to those in need. Ultimately, the success of this program depends on the participation of as many people as possible. We should all strive to do our part in ensuring that every farmer in India is able to reap the benefits of this scheme. Let us take action together to ensure the success of Pradhan Mantri Fasal Bima Yojana.

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