Pradhan Mantri Fasal Bima Yojana (PMFBY) is being implemented on actuarial/bidded premium rates however, farmers including small farmers have to pay maximum 2% for Kharif, 1.5% for Rabi food and oilseed crops and 5% for commercial/horticultural crops and the balance of actuarial/bidded premium is shared by the Central and State Government on 50 : 50 basis and in case of North Eastern States on 90 : 10 basis from Kharif 2020.

Salient Features of PMFBY

Details of total number of farmer applications enrolled for which premium subsidy was provided during last three years under Pradhan Mantri Fasal Bima Yojana  (PFMBY) are given in following table :

Year

No. of farmer applications enrolled (in lakhs)

2018-19

577.7

2019-20

612.3

2020-21

613.6

This information was given in a written reply by the Union Minister of Agriculture and Farmers Welfare Shri Narendra Singh Tomar in Rajya Sabha today.

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APS

Pradhan Mantri Fasal Bima Yojana (PMFBY) is being implemented on actuarial/bidded premium rates however, farmers including small farmers have to pay maximum 2% for Kharif, 1.5% for Rabi food and oilseed crops and 5% for commercial/horticultural crops and the balance of actuarial/bidded premium is shared by the Central and State Government on 50 : 50 basis and in case of North Eastern States on 90 : 10 basis from Kharif 2020.

Salient Features of PMFBY

Details of total number of farmer applications enrolled for which premium subsidy was provided during last three years under Pradhan Mantri Fasal Bima Yojana  (PFMBY) are given in following table :

Year

No. of farmer applications enrolled (in lakhs)

2018-19

577.7

2019-20

612.3

2020-21

613.6

This information was given in a written reply by the Union Minister of Agriculture and Farmers Welfare Shri Narendra Singh Tomar in Rajya Sabha today.

****

APS