Agriculture Sector Schemes
Pradhan Mantri Fasal Bima Pradhan Mantri Fasal Bima Yojana
PMFBY is an actuarial premium based scheme aimed to insulate Indian farmers from the vagaries of Indian monsoon.The scheme provides comprehensive risk coverage from pre-sowing to post-harvest losses due to non-preventable natural risks. It follows One Season-One Premium and One Nation – One Scheme theme. It incorporates the best features of all previous schemes (like NAIS and MNAIS) while removing their shortcomings and weaknesses.
Salient Features
- The farmer needs to pay a uniform premium of 2% for Kharif, 1.5% for Rabi food & oilseed crops and 5% for ....
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