PM Fasal Bima Yojana (PMFBY) 2025 Latest Update:
Today marks a big day for farmers across India, especially for those who had insured their Rabi crops under the Pradhan Mantri Fasal Bima Yojana (PMFBY). In a major relief, the Central Government has credited insurance claim amounts into the bank accounts of 35 lakh farmers whose crops were damaged due to natural calamities.
The official transfer took place from Jhunjhunu, Rajasthan, where Union Agriculture Minister Shivraj Singh Chouhan and Rajasthan Chief Minister Bhajanlal Sharma jointly pressed a remote button to initiate the payments.
First Instalment of Rabi Crop Claims Released
Under PMFBY, farmers receive financial compensation for crop losses caused by floods, droughts, unseasonal rains, and other natural disasters. Today’s release included the first instalment of Rabi crop insurance claims, bringing a much-needed financial boost to millions of farmers.
Farmers from 23 states were connected virtually to the event, while nearly 35,000 farmers from Rajasthan attended in person.
How Much Money Was Released?
In total, the Union Government transferred ₹3,900 crore to farmers under PMFBY today.
- Madhya Pradesh farmers received a significant share, with ₹1,156 crore credited directly into their accounts.
- The payments were made under the Direct Benefit Transfer (DBT) system to ensure transparency and speed.
Who Can Apply for PMFBY?
If you have not yet registered for PMFBY for the upcoming Kharif season, it’s important to act fast:
- For farmers without crop loans: The last date to apply is 14 August.
- For farmers with crop loans: The last date is 31 August.
This crop insurance scheme covers food crops, oilseeds, commercial crops, and horticultural crops approved by the government.
Required Documents for PMFBY Registration
To apply for crop insurance under PMFBY, farmers need the following:
- Passport-size photograph
- Bank passbook
- Aadhaar card
- Identity proof
- Land ownership documents
- Crop declaration form
Farmers can apply online through pmfby.gov.in or offline at the nearest bank, cooperative society, or Common Service Centre (CSC). Applications must be submitted within 10 days of sowing the crop to be eligible.
Premium Rates for PMFBY
The scheme is designed to keep farmer contributions low, with the remaining premium paid by the Central and State Governments:
- Kharif crops: 2% of the sum insured
- Rabi crops: 1.5% of the sum insured
- Commercial & horticultural crops: 5% of the sum insured
Notably, farmers in Himachal Pradesh, Jammu & Kashmir, and North Eastern states pay zero premium as the government covers the entire cost.
Interest on Delayed Payments
If an insurance company or bank delays payment of claims beyond the stipulated time, they are required to pay 12% annual interest to farmers. This ensures that compensation is timely and that farmers are not left waiting during financial distress.
How to Check Your PMFBY Claim Status Online
Farmers can easily track whether the insurance claim amount has been credited to their account:
- Visit the official PMFBY website: pmfby.gov.in
- On the homepage, go to the “Farmer Corner” section.
- Enter your registered mobile number and captcha code, then log in.
- Enter the OTP sent to your mobile number.
- Click on “Claim Status” or “Application Status”.
- Provide details like policy number or Aadhaar number.
- Your claim status will be displayed instantly.
Insurance Claim Process
If your crop suffers damage due to heavy rainfall, floods, or any other natural calamity, you must:
- Inform the insurance company within 72 hours of the incident.
- An official assessment will be carried out to determine the extent of loss.
- After verification, the approved claim amount will be credited directly to your bank account.
Why PMFBY Matters for Farmers
Launched in 2016, the PM Fasal Bima Yojana aims to protect farmers from the financial impact of crop losses and ensure income stability. For many, this scheme is a lifeline during unpredictable weather conditions.
The scheme also plays a crucial role in boosting agricultural productivity, as farmers are more confident in investing in better seeds, fertilizers, and technology when they know their crops are insured.
Key Highlights of Today’s Event
- ₹3,900 crore transferred to 35 lakh farmers.
- Special focus on Rabi crop claims.
- 23 states connected virtually.
- Farmers from Rajasthan and Madhya Pradesh received large payouts.
- Government urges more farmers to register before the August deadline.
With ₹3,900 crore disbursed today, PMFBY continues to be a major support system for farmers battling nature’s unpredictability. If you haven’t registered yet, this is the time to secure your crops and livelihood.
To apply or check your claim status, visit pmfby.gov.in.