- Since it started in 2016, PMFBY has insured 78.41 crore farmer applications and paid Rs 1.83 lakh crore in compensation to over 22.67 crore farmers by 2025.
- Advanced digital tools like NCIP and Digiclaim make claim processing clear and easy, with direct payments going straight to farmers’ bank accounts.
- Government schemes such as escrow accounts and separating premium subsidies improve how funds are managed and increase efficiency under the scheme.
Pradhan Mantri Fasal Bima Yojana (PMFBY) is the main support for farmers looking for protection and compensation under PMFBY for crop losses caused by natural disasters. With wide coverage and many technological improvements, this scheme gives financial security to India’s farming community, backed by important steps to improve service and clarity.
Who Can Get Compensation Under PMFBY?
To claim compensation under the Pradhan Mantri Fasal Bima Yojana, farmers need to be registered and insured through the scheme. You qualify based on the insured crop and the reason for damage — like drought, flood, hailstorm, cyclone, heavy rainfall, or pest attacks — that happen during the insurance period. Both small and large farmers growing notified crops in participating states are covered, making the scheme very inclusive.
How PMFBY Helps Farmers Against Crop Loss
PMFBY protects against many natural disasters that cause crop failure or damage. These include hailstorms, droughts, floods, cyclones, unseasonal rains, diseases, and pest attacks. This support helps protect farmers’ income and encourages the use of modern farming methods by lowering financial risks. When losses happen, farmers get quick compensation to reduce the impact, helping avoid distress sales or debt.
How You Can Claim Your Compensation Under PMFBY
Farmers can claim compensation through a simple process:
- Register online using the National Crop Insurance Portal (NCIP) or at authorized centers during the insurance period.
- Report crop loss to insurance officials quickly with proof like crop-cutting experiment records.
- Insurance companies check claims using data from events and apps (like the CCE-Agri app). Farmers can follow the claim status through the digital portals.
- Once claims are approved, payments are sent directly to the farmer’s bank account electronically, making sure farmers get money on time without any middlemen.
Technology Improving PMFBY
Several technologies have been added to make the process faster and clearer:
- National Crop Insurance Portal (NCIP): It acts as the main place for subsidy payments, enrollments, and claim tracking.
- Digiclaim Module: Links NCIP with Public Finance Management System (PFMS) and insurer accounts for automatic claim payments.
- CCE-Agri App: Helps collect and upload accurate crop yield data from crop cutting experiments.
- Integration with State Land Records: Makes farmer verification easier and helps prevent fraud.
Also Read – Pradhan Mantri Fasal Bima Yojana’s 9th Anniversary: Growth, Innovations and Future Challenges
Recent Government Steps to Improve PMFBY
Recent policy changes aim to make PMFBY easier and more focused on farmers:
- Escrow Accounts: Starting from Kharif 2025, states have to open escrow accounts to deposit premium shares in advance, making sure funds are available.
- Separating Premium Subsidies: Central and state government premium subsidies are now handled separately so farmers get compensation matching the central subsidy without delays.
- Direct Online Enrollment: Farmers can now sign up online on NCIP, ensuring wider and faster coverage.
These steps, together with the use of technology, are making compensation under PMFBY quicker, clearer, and easier to get. If you are a farmer, make sure you enroll on time and track your claim through official digital portals to get the most out of the scheme.