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scheme Archive Thursday, 18 February 2016

Pradhan Mantri Fasal Bima Yojana (PMFBY)

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Citations are auto-generated; verify before publishing. The scheme classification is PolicyDhara's, not the source's.
 
  
 
Government scheme — a structured programme with defined beneficiaries, budget allocation, and delivery mechanisms. The primary instrument for delivering welfare and development outcomes.
 
 
 
Summary
 
Crop insurance scheme with lowest-ever premium rates (2% for kharif, 1.5% for rabi) providing comprehensive risk cover for pre-sowing to post-harvest losses. Uses technology including satellite imagery and drones for rapid claim settlement.
 
  
 
 
Key Facts
 
 
 Type Scheme 
 
 Source Historical Record 
 
 Published Thursday, 18 February 2016 
 
 Affected Population ~150 million farming households, 42% of workforce 
 
 
 
 
Key Numbers
 
 
    Agri budget: Rs 1.52 lakh crore (2025-26) 
    MSP for 23 crops 
    PM-KISAN: Rs 6,000/year to 9 crore farmers 
    GDP: $3.9 trillion (2025 est.) 
 
 
 
  
 
 
Key Authorities
 
 Ministry of Agriculture & Farmers WelfareICARFCIMinistry of FinanceRBI 
 
 
 
Key Stakeholders
 
 FarmersFPOsAgri-Input IndustryTaxpayersBanks & NBFCsInvestors 
 
 
 
Government Context
 
 
 NDA I BJP-led NDA 
 
 
 
  Centre-Right 
 
 
 Left Centre Right 
 
 
 
 
      
 
Explore Sectors
 
  Agriculture 87 tracked →  Finance & Economy 212 tracked →  
 
  
 
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