Skip to content
Government Schemesv2 · 1 version

PM Fasal Bima Yojana — Crop Insurance

Crop insurance in India runs mainly through the Pradhan Mantri Fasal Bima Yojana (PMFBY), a national scheme that pays farmers when weather, pests or disease destroy a crop. Farmers pay a small, capped share of the premium; the Centre and the states fund the rest between them. Ten seasons after it began, the government reports claims of more than ₹2.06 lakh crore, a technology stack that now estimates yields from satellites and weather stations, and several large farm states returning to the fold after years outside it.

Last updated 1 September 20266 min read
Latest update
India crop insurance scheme, ten seasons in: ₹2.06 lakh crore paid in claims, ₹12,200 crore budgeted for 2026-27, satellite and weather-station yield estimation inside the claim process, and Bihar returning from Rabi 2026-27.

Read the full living note — free

The complete note in both exam lenses (UPSC analytical / fact capsule), its full version history, and “what changed since you last read” — plus tonight's quiz.

Open in CA·Wiki

AI-assisted, human-reviewed · sourced from PIB, RBI & ministries · editorial policy

More living notes in Government Schemes

Browse all topics →

PM Fasal Bima Yojana — Crop Insurance — Government Schemes current affairs | CA·Wiki