Busines Times

PM Fasal Bima Yojana (PMFBY) 2025: ₹3,900 Cr Relief to 35 Lakh Farmers After Crop Loss – Check Status Now

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.

PMFBY

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.

Who Can Apply for PMFBY?

If you have not yet registered for PMFBY for the upcoming Kharif season, it’s important to act fast:

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:

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:

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:

  1. Visit the official PMFBY website: pmfby.gov.in
  2. On the homepage, go to the “Farmer Corner” section.
  3. Enter your registered mobile number and captcha code, then log in.
  4. Enter the OTP sent to your mobile number.
  5. Click on “Claim Status” or “Application Status”.
  6. Provide details like policy number or Aadhaar number.
  7. 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:

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

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.

Exit mobile version