PM Fasal Bima Yojna

PM Fasal Bima Yojna

Introduction to PM Fasal Bima Yojna:

Agriculture is the backbone of the Indian economy, and the government has always taken measures to support this crucial sector. One such initiative is the PM Fasal Bima Yojna (Pradhan Mantri Fasal Bima Yojana), a flagship scheme launched by the Government of India in 2016. The primary objective of PM Fasal Bima Yojna is to provide insurance coverage and financial support to farmers in the event of crop failure due to natural calamities, pests, and diseases. This scheme aims to stabilize the income of farmers, encourage them to adopt innovative and modern agricultural practices, and ensure the flow of credit to the agriculture sector.

The PM Fasal Bima Yojna is a significant step towards the government’s vision of doubling farmers’ income. By reducing the financial burden on farmers caused by crop losses, the scheme aims to promote sustainable agriculture. It offers a comprehensive risk cover from pre-sowing to post-harvest losses, thus ensuring farmers can recover from any unexpected calamity without falling into debt. Additionally, the scheme provides a transparent claim settlement process, enabling farmers to receive compensation promptly. This, in turn, helps them reinvest in agriculture for the next cropping season without any financial distress.

Furthermore, PM Fasal Bima Yojna has a strong focus on leveraging technology to improve the efficiency and reach of the scheme. The use of remote sensing technology, smartphones, and drones for faster and more accurate crop loss assessment, along with the integration of mobile applications for better information dissemination, has made the process smoother for farmers. These technological advancements have not only improved the accuracy of claims but also reduced the time taken for claim settlements, making PM Fasal Bima Yojna a more farmer-friendly initiative.

Benefits of PM Fasal Bima Yojna:

The PM Fasal Bima Yojna offers a plethora of benefits to farmers, making it a crucial safety net for the agricultural community. One of the most significant advantages is the low premium rates for farmers. The premium rates under PM Fasal Bima Yojna are highly subsidized, with farmers paying only 2% of the sum insured for Kharif crops, 1.5% for Rabi crops, and 5% for horticultural and commercial crops. The rest of the premium is shared by the central and state governments, making it affordable for farmers to insure their crops against various risks.

Another critical benefit of the PM Fasal Bima Yojna is the comprehensive coverage it provides. The scheme covers a wide range of risks, including losses due to natural calamities like drought, floods, hailstorms, cyclones, and pests and diseases. Additionally, it covers post-harvest losses, which are common during the transportation and storage of crops. This extensive coverage ensures that farmers are protected at every stage of the crop cycle, from pre-sowing to post-harvest, thereby safeguarding their livelihoods.

The PM Fasal Bima Yojna also promotes the adoption of modern agricultural practices. By providing financial security to farmers, the scheme encourages them to invest in high-quality seeds, fertilizers, and irrigation facilities. This, in turn, leads to increased agricultural productivity and better-quality produce. Moreover, the scheme helps in stabilizing the income of farmers, ensuring they can sustain their families and reinvest in agriculture, ultimately contributing to the overall economic growth of the country.

Implementation and Challenges:

While the PM Fasal Bima Yojna has been widely appreciated, its implementation has faced several challenges. One of the primary issues is the delay in claim settlements. Despite the use of technology for quicker assessment of crop losses, many farmers have reported delays in receiving their compensation. This delay can be attributed to bureaucratic hurdles, lack of coordination between various stakeholders, and the verification process of claims. Addressing these issues is crucial to ensure the timely and efficient delivery of benefits to farmers.

Another challenge is the lack of awareness among farmers about the scheme and its benefits. Many farmers, especially in remote areas, are not fully aware of the PM Fasal Bima Yojna and how to enroll in it. This lack of awareness can be attributed to inadequate information dissemination and limited outreach efforts. To overcome this challenge, the government needs to invest in extensive awareness campaigns, involving local leaders, agricultural extension officers, and using local languages to ensure that farmers understand the scheme and its advantages.

Additionally, the PM Fasal Bima Yojna faces challenges related to the accurate assessment of crop losses. Although technology has improved the accuracy of assessments, there are still instances where discrepancies arise, leading to disputes and delays in claim settlements. To address this issue, it is essential to further enhance the use of advanced technologies like satellite imagery and drones, and ensure proper training for the personnel involved in the assessment process. This will help in minimizing errors and ensuring fair and timely compensation for farmers.

The Way Forward:

To enhance the effectiveness of the PM Fasal Bima Yojna, it is essential to address the existing challenges and implement measures that can make the scheme more accessible and beneficial for farmers. One of the key steps is to streamline the claim settlement process. By reducing bureaucratic hurdles and ensuring better coordination between various stakeholders, the government can expedite the verification and disbursement of claims. Additionally, leveraging technology for real-time monitoring and assessment of crop losses can further speed up the process, ensuring farmers receive their compensation promptly.

Another important aspect is increasing awareness about the PM Fasal Bima Yojna among farmers. The government should focus on conducting extensive awareness campaigns, using various media platforms, and involving local leaders to reach out to farmers in remote areas. Providing information in local languages and organizing workshops and training sessions can help farmers understand the scheme better and encourage them to enroll in it. Moreover, establishing dedicated helplines and support centers can assist farmers in resolving their queries and issues related to the scheme.

Lastly, enhancing the use of advanced technologies in the implementation of the PM Fasal Bima Yojna can significantly improve its efficiency. The integration of satellite imagery, drones, and remote sensing technology can provide accurate and timely data for crop loss assessment, reducing discrepancies and disputes. Additionally, developing user-friendly mobile applications and portals can facilitate easier enrollment, claim filing, and tracking of claim status for farmers. By embracing these technological advancements, the government can ensure a more transparent, efficient, and farmer-friendly implementation of the PM Fasal Bima Yojna.


The PM Fasal Bima Yojna is a crucial initiative that aims to provide financial security to farmers and promote sustainable agriculture in India. By offering comprehensive risk coverage, affordable premiums, and a focus on modern agricultural practices, the scheme plays a vital role in safeguarding the livelihoods of farmers. However, to ensure its success, it is essential to address the challenges related to claim settlements, awareness, and accurate assessment of crop losses. By streamlining processes, increasing awareness, and leveraging advanced technologies, the government can enhance the effectiveness of the PM Fasal Bima Yojna and ensure a secure and prosperous future for Indian farmers.

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