PM Fasal Bima Yojana 2025: Deadline Nears For Kharif Crop Insurance; Check Date, Benefits, How To Apply

Pradhan Mantri Fasal Bima Yojana: PMFBY 2025 could emerge as a crucial safety net as farmers in Punjab raised their concerns against the government's land pooling systems. The farmers have intensely opposed the system as they fear losing their compensation, fertile land, and even their livelihood. This is leading to widespread opposition from unions and political parties alike. Amid these concerns, land also needs insurance.

The PMFBY scheme provides crucial support to farmers in case of crop loss due to natural disasters and land calamities by offering them protection through insurance from crop damage, including that caused by insect damage or infestation. In this article, we are going to discuss some key highlights of the Pradhan Mantri Fasal Bima Yojana which seeks to provide some security to the farming community.

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PM Fasal Bima Yojana 2025: Know Deadline, Benefits

Application Deadline: The last date to apply for the Kharif crops registered under the PMFBY scheme is set for July 31, 2025.

Low Premium for Farmers: One of the key appeals of the PMFBY is that farmers have to pay a very low premium for crop insurance.

Timely Reporting of Damage: It is important to note here that any farmer who wants to avail of the scheme must report any type of crop damage (be it insect infestation or crop damage due to heavy rains or storms) within 72 hours.

What Is PMFBY 2025?

The Pradhan Mantri Fasal Bima Yojana is a government-initiated scheme designed to help farmers. It provides farmers with compensation if crops are damaged due to events like rainstorms, drought, or even insect infestations. The main goal of this scheme is to prevent complete financial ruin after crop destruction.

PMFBY 2025: Enrollment and Eligibility

The scheme is very comprehensive and inclusive, as it does not require any farmer to approach an office; instead, any farmer who borrows any amount of loans from their bank accounts is automatically enrolled in this scheme. What's more is that farmers who have not taken loans can register through an easy process.

Pradhan Mantri Fasal Bima Yojana: How to Apply

If any farmer has not borrowed any kind of loan from the bank, they can register themselves by following an easy step-by-step process. Here it is:

Step 1: Online Application: Farmers can apply through the official website: pmfby.gov.in, pmfby.gov.in

Step 2: Collect all documents required for upload and verification. The list of documents includes: Aadhaar number, Bank account details, Land information, and Details of the crop sown. Documents to Upload include Aadhaar card, Bank passbook, Land papers (Khatauni), and Proof of crop sowing.

Farmers can use any suitable method to report the issue to the authorities, be it a mobile app, the official website, call center (14447), nearest public service center (CSC), assessment, and payout. After notification, a government team will survey the damaged field.

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Compensation takes a maximum of two months to be transferred to the bank account.

Technological Integration: The government uses new technologies like drone photography, satellite monitoring, and even mobile updates for more rapid and faster processing.

Pradhan Mantri Fasal Bima Yojana: Insured Crops

A list of crops has been included under the PMFBY scheme. It includes crops like Paddy, Bajra, Soybean, Moong, Urad, Groundnut, Arhar, Jowar, and Sesame. Only those farmers who have grown these crops are eligible to participate in the scheme.

PMFBY: Outstanding Payments by States

While this scheme proves to be a boon for farmers, insurance companies are drowning in debt as more than Rs 6,450 crores of the loan amount remain unpaid by the states to insurance companies in the last five years.

PMFBY 2025: Check Premiums

Under PMFBY, farmers who have enrolled in this scheme will have to pay a very low premium to avail the scheme's benefits. It starts with Kharif Crops, which require only 2 per cent of the premium rates, then Rabi Crops, which have a premium of 1.5 per cent, and lastly horticulture/commercial crops, which are said to have a premium of only 5per cent. The remaining portion is covered by the government.

PMFBY: States with Highest Arrears

States which have the highest pileup of loans include Andhra Pradesh with Rs 2,565 crore of debt, Rajasthan with Rs 1,525 crore, Madhya Pradesh with Rs 1,468 crore, Tamil Nadu with Rs 124 crore, and Uttar Pradesh with Rs 121 crore of debt. These outstanding payments have led to delayed compensation for farmers, as they wait to rejuvenate their crops.