Government schemes
What is PM Fasal Bima Yojana?
PM Fasal Bima Yojana is a centrally sponsored run by the Ministry of Agriculture and Farmers Welfare, launched in 2016.
The detail
| Ministry | Agriculture and Farmers Welfare |
|---|---|
| Launched | 2016 |
| Type | centrally sponsored |
| Funding | Premium subsidy shared 50:50 Centre:State (90:10 for NE states) |
| Aim | Crop insurance with farmer premium capped at 2% (kharif), 1.5% (rabi), 5% (commercial/horticulture) |
Commonly confused: Voluntary for all farmers since 2020, including loanee farmers.
Source: pmfby.gov.in/
Related questions
What is PM Jan Dhan Yojana?Ministry of Finance.What is PM Ujjwala Yojana?Ministry of Petroleum and Natural Gas.What is PM Mudra Yojana?Ministry of Finance.What is PM POSHAN?Ministry of Education.What is Atal Pension Yojana?Ministry of Finance.What is POSHAN Abhiyaan?Ministry of Women and Child Development.