Since its launch in 2016, the Pradhan Mantri Fasal Bima Yojana (PMFB) has insured 78.41 crore farmer applications by June 30, 2025.
During this period, about 22.67 crore farmers have received compensation, which is receiving an amount of Rs 1.83 lakh crore, highlighting the widespread reach and impact of the plan in supporting farmers against crop loss, in a written reply on 1 August in the welfare of Ramnath Thakur, Minister of State for Agriculture, Minister of State for Agriculture and farmers.
On February 18, 2025, the Pradhan Mantri Fasal Bima Yojana completed nine years of its launch.
Launched in 2016 by Prime Minister Narendra Modi, the scheme provides a comprehensive shield against crop loss due to unexpected natural threats.
This protection not only stabilizes the income of farmers, but also encourages them to adopt new practices.
Crop insurance is an important risk mitigation measure to protect farmers from natural disasters. It aims to provide financial assistance to farmers suffering from crop damage/damage due to natural disasters such as hailstorm, drought, floods, cyclones, heavy and unseasonal rains, disease and insect attacks etc.
According to the Ministry of Welfare of Agriculture and Farmers, Moss made the House more aware of the steps taken by the government to strengthen the implementation of the scheme.
In various stages, the development of the National Crop Insurance Portal (NCIP) ensures subsidy payments, coordination, transparency, spread of information and distribution of services as a source of data, distributing services including direct online enrollment of farmers, uploading/receiving individual insured family details for better monitoring and ensuring claims of claims for individual farmers.
To monitor the strictness of the claim dysbersal process, a dedicated module ie ‘Digiclaim Module’ has been operated to pay claims of Kharif 2022. This includes the integration of the National Crop Insurance Portal (NCIP) along with the accounting system of Public Finance Management System (PFMS) and insurance companies.
The central government’s share of premium subsidy has been implemented from the state governments so that farmers can get proportional claims related to the central government.
As per the provisions of the scheme, opening an escrow account by the concerned state government has compulsorily made the WEF Kharif 2025 season to deposit its premium shares in advance.
In addition, in the direction of taking advantage of technology in the implementation of the scheme, it is allowed to integrate state land records with various steps like capturing yield data/crop cutting experiments (CCS) data through the CCE -GRI app and uploading it on NCIP, behavior of CCE, NCIP etc.
The insurance company calculates auto on the National Crop Insurance Portal (NCIP) for provision of 12 percent fine on delay in payment of claims.
The MOS said that both public sector and private insurance companies are involved to increase the coverage of farmers, especially to increase the coverage of non-log farmers and bring more competition in crop insurance sector so that farmers can be provided best services at competitive rates.
Due to increased competition, the premium rates with actual/dialect have also decreased.
Compared to previous crop insurance schemes, coverage of farmer applications has increased from 371 lakhs to 1510 lakhs in 2024-25 in 2014-15.
He said that in 2014-15, the number of non-Loni farmer applications has increased from 20 lakhs to 522 lakhs in 2024-25. (AI)