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What is Pradhan Mantri Fasal Bima Yojana (PMFBY)?
Pradhan Mantri Fasal Bima Yojana provides comprehensive insurance coverage for numerous crops, protecting farmers from yield losses due to natural calamities, pests, and diseases.
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The Pradhan Mantri Fasal Bima Yojana (PMFBY), launched in 2016, is a crop insurance scheme aimed at providing comprehensive coverage to farmers against various risks associated with farming. Indian farmers face multiple challenges, like unpredictable rainfall, occasional unfavourable weather, pest infestation, and crop diseases. These can significantly impact crop yields in terms of quality and quantity, thereby affecting farmers' income.