Status Check, Procedures, Facilities

Organisation : Ministry of Agriculture & Farmers Welfare
Scheme Name : Pradhan Mantri Fasal Bima Yojana (PMFBY)
Facility Name : Check Application Status Online
Website : https://pmfby.gov.in/

How To Check PMFBY Application Status?

Ministry of Agriculture & Farmers Welfare, Pradhan Mantri Fasal Bima Yojana (PMFBY) Application Status Tracking Online

Just follow the simple steps mentioned below to know your application status online.

Step-1 : Go to the link https://pmfby.gov.in/
Step-2 : Click on the link “Application Status”

Step-3 : Enter the Receipt Number
Step-4 : Then enter the Captcha code
Step-5 : Click on “Check Status” button

What is PMFBY Scheme?

Pradhan Mantri Fasal Bima Yojana (PMFBY) aims at supporting sustainable production in agriculture sector by way of

a) providing financial support to farmers suffering crop loss/damage arising out of unforeseen events
b) stabilizing the income of farmers to ensure their continuance in farming
c) encouraging farmers to adopt innovative and modern agricultural practices
d) ensuring flow of credit to the agriculture sector; which will contribute to food security, crop diversification and enhancing growth and competitiveness of agriculture sector besides protecting farmers from production risks.

Management of the Scheme:
The existing State Level Co-ordination Committee on Crop Insurance (SLCCCI), Sub-Committee to SLCCCI, District Level Monitoring Committee (DLMC) already overseeing the implementation & monitoring of the ongoing crop insurance schemes like National Agricultural Insurance Scheme (NAIS), Weather Based Crop Insurance Scheme(WBCIS),

Modified National Agricultural Insurance Scheme(MNAIS) and Coconut Palm Insurance Scheme(CPIS) shall be responsible for proper management of the Scheme. IA shall be an active member of SLCCCI and District Level Monitoring Committee (DLMC) of the scheme.

Sum Insured / Limit Of Coverage:
In case of Loanee farmers under Compulsory Component, the Sum Insured would be equal to Scale of Finance for that crop as fixed by District Level Technical Committee (DLTC) which may extend up to the value of the threshold yield of the insured crop at the option of insured farmer.

Where value of the threshold yield is lower than the Scale of Finance, higher amount shall be the Sum Insured. Multiplying the Notional Threshold Yield with the Minimum Support Price (MSP) of the current year arrives at the value of sum insured. Wherever Current year’s MSP is not available, MSP of previous year shall be adopted. The crops for which, MSP is not declared, farm gate price established by the marketing department / board shall be adopted.

PMFBY Premium Rates

The Actuarial Premium Rate (APR) would be charged under PMFBY by IA. DAC&FW/States will monitor the premium rates considering the basis of Loss Cost (LC) i.e. Claims as % of Sum Insured (SI) observed in case of the notified crop(s) in notified unit area of insurance (whatsoever may be the level of unit area) during the preceding 10 similar crop seasons (Kharif / Rabi) and loading for the expenses towards management including capital cost and insurer’s margin and taking into account non-parametric risks and reduction in insurance unit size etc.

FAQ On PMFBY Scheme

Here are some frequently asked questions (FAQ) about the Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme:

What is the PMFBY scheme?
The PMFBY scheme is a crop insurance scheme launched by the Government of India in 2016. The scheme aims to provide financial protection to farmers against crop losses due to natural calamities.

Who is eligible for the PMFBY scheme?
All farmers growing notified crops in a notified area during the season who have insurable interest in the crop are eligible for the scheme.

What is the time limit for filing a claim under the PMFBY scheme?
You can file a claim under the PMFBY scheme within 30 days of the occurrence of the natural calamity.

What is the maximum amount of claim that I can get under the PMFBY scheme?
The maximum amount of claim that you can get under the PMFBY scheme is the sum insured.