The central government of India has updated the Fasal Bima Yojana 2025. The Union Cabinet of India first launched the Fasal Bima Yojana back in 2016 to provide affordable crop insurance to all the financially unstable farmers of India. All the farmers who are registered under the scheme will receive insurance coverage from the Government of India in case of natural calamities. The premium under the scheme is very minimal and affordable for the farmers without burdening them with financial stress. All the farmers who clear the eligibility criteria must visit the official website and fill out the application form online.
PM Fasal Bima Yojana Update
Recently the Union Cabinet of India has announced the continuation of PM Fasal Bima Yojana in the year 2025 with a new budget. The new budget of PM Fasal Bima Yojana is INR 69,515.71 crore set up by the central government of India to provide benefits to the farmers. With the help of the continuation of the scheme, the farmers will receive insurance coverage after damage caused by non-preventable natural calamities. The decision to continue the scheme and allocate the new budget was made public on 1st January 2025 by the Union Cabinet of India.
Also Read: PMFBY Status
Objective of Fasal Bima Yojana
The main objective of launching the Fasal Bima Yojana is to uplift the social status and standard of living of all the financially unstable farmers of India. By providing insurance coverage the farmers can eliminate the risk of incurring loss after going through natural calamities. The range of corrupts that will get insurance under the scheme include food crops, oilseeds, and commercial or horticultural crops. Crop Insurance for various natural calamities including drought, flood, cyclone, and hailstorms, will be available under the Fasal Bima Yojana.
Helpful Summary of Fasal Bima Yojana
| Key Highlights | Details |
| Name of the Scheme | Fasal Bima Yojana |
| Launched By | Government of India |
| Launch Date | 1st January 2025 |
| Announced By | Prime Minister of India |
| Purpose | Provide corps insurance |
| Beneficiaries | Farmers |
| Target Beneficiaries | Farmers |
| Advantage | Provide corps insurance |
| Eligibility Criteria | Must be a permanent resident of India |
| Required Documents | Aadhaar Card, |
| Application Process | Online |
| Official Website | https://pmfby.gov.in/ |
| Financial Commitment | INR 69,515.71 crore |
| Expected Benefits | Minimizing loss |
| Contact details | 14447 |
Eligibility Criteria
- The citizens must be up permanent resident of India.
- The citizens must be a farmer by profession.
- The farmers must have suffered crop damage from non-preventable natural calamities.
Benefits of Fasal Bima Yojana
- With the help of this scheme, the farmers can avail the benefits of Crop Insurance at a minimum price.
- This scheme will make sure that the farmers will not suffer any kind of loss after their crops get damaged because of natural calamities.
- To make this scheme affordable for all the small and marginal farmers the premium for the insurance is very low.
- This scheme will encourage the farmers to adopt modern techniques and technology in farming.
Required Documents
- Aadhar card
- PAN card
- Ration card
- Land records
Salient Features
- Budget: The Union Cabinet of India has announced the new budget of the Fasal Bima Yojana which is INR 69,515.71.
- Risk coverage: The scheme will cover the risks of the farmers from non-preventable natural calamities.
- Past achievements: In the last 8 years the central government of India has provided Insurance of up to INR 1.7 crore to the farmers.
Application Process
STEP 1: All the farmers who want to avail the benefits of Fasal Bima Yojana are requested to visit the official Fasal Bima website and fill out the application form online.
STEP 2: Once the farmers reach the home page of the official website they must locate and click on the option “Farmers Corner”.
STEP 3: A login page will appear on your desktop screen the farmers must enter their credentials and click on the option“Apply now”.
STEP 4: The application form will appear on your desktop screen the farmers must enter all the details that are asked and attach the necessary documents.
STEP 5: After entering all the details the farmers can click on the option “submit” to complete their process.
Login for Fasal Bima Yojana
STEP 1: All the farmers who have already applied for the Fasal Bima Yojana can now visit the official website and do the login process online.
STEP 2: Once the farmers reach the homepage of the official website they must locate and click on the option called “sign in”.
STEP 3: A new page will appear on your desktop screen the farmers must enter their username, password, and captcha code.
STEP 4: After entering all the details the farmers must quickly review it and click on the option submit to complete their process.
Helpline Number
- 14447
FAQs
What is the new budget under the Fasal Bima Yojana?
The new budget of PM Fasal Bima Yojana is INR 69,515.71 crore set up by the central government of India.
Who is eligible to avail the benefits of the Fasal Bima Yojana?
All the farmers of India are eligible to avail the benefits of the Fasal Bima Yojana.
When will the insurance be given to the farmers under the Fasal Bima Yojana?
The farmers will receive Crop Insurance after their crops get damaged by non-preventable natural calamities.