The Pradhan Mantri Fasal Bima Yojana (PMFBY) has completed a decade since its launch on 18 February 2016, offering comprehensive crop insurance coverage against droughts, floods, cyclones, hailstorms, pests, diseases and other calamities nationwide. With ₹12,200 crore allocated for 2026–27, the scheme has insured over 92.46 crore farmer applications and paid claims exceeding ₹2.06 lakh crore since inception, backed by low, affordable premiums and technology-driven initiatives like YES-TECH and WINDS.
This article covers PMFBY’s coverage for loanee and non-loanee farmers, the risks it insures against, its progress and achievements over the past decade, state-wise enrolment trends including the return of major states like Andhra Pradesh, Jharkhand, West Bengal and Bihar, and the digital ecosystem — the National Crop Insurance Portal, Digiclaim, YES-TECH, WINDS and the Krishi Rakshak Portal — driving faster, fairer claim settlement. It also touches on the complementary Restructured Weather-Based Crop Insurance Scheme (RWBCIS). Useful for farmers, policy watchers and anyone following India’s agricultural risk management framework.
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Date of post: 30.08.2026
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PRADHAN MANTRI FASAL BIMA YOJANA