PMFBY 2025 – ₹3,200 Crores Released to 35 Lakh Farmers Under Crop Insurance Scheme
The Ministry of Agriculture and Farmers Welfare (MoAFW), under the leadership of Union Minister Shri Shivraj Singh Chouhan, recently disbursed the first installment of ₹3,200 crores directly to farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY). This direct benefit transfer (DBT) aims to support 35 lakh farmers across India who faced crop losses due to various natural calamities. The announcement was made during a national-level event held in Jhunjhunu, Rajasthan, marking nine years of PMFBY’s rollout.
This financial assistance comes as part of the Government of India's ongoing commitment to safeguard the farming community from risks associated with unpredictable weather conditions. With an additional ₹8,000 crores to be disbursed in upcoming phases, the program continues to serve as a critical safety net for cultivators nationwide.
The insurance support is being facilitated through a robust digital framework, ensuring speedy compensation and transparency. The scheme is voluntary for non-loanee farmers and mandatory for loanee farmers availing crop loans.
Read on to explore eligibility, benefits, farmer-friendly technologies, improvements under the scheme, and how various states are benefitting.
Job Information Overview
| Organization Name | Ministry of Agriculture and Farmers Welfare (MoAFW) |
|---|---|
| Post Name | Financial Assistance Recipient (Beneficiary Farmer under PMFBY) |
| Total Vacancies | 35,00,000+ beneficiary farmers |
| Qualification | Farmer engaged in agriculture activities; either Loanee or Non-Loanee |
| Age Limit | No specific age limit; must be a valid farmer |
| Application Start & End Date | Ongoing as per crop season schedule |
| Application Mode | Online/Offline via banks, CSCs, or state nodal officers |
| Official Website | https://pmfby.gov.in |
Key Highlights of PMFBY Installment (August 2025)
- Total Amount Transferred: ₹3,200 Crores
- Number of Beneficiary Farmers: 35 Lakh
- Transaction Mode: Digital Benefit Transfer (DBT)
- States Receiving Major Allocations:
- Madhya Pradesh – ₹1,156 Crores
- Rajasthan – ₹1,121 Crores
- Chhattisgarh – ₹150 Crores
- Other States – ₹773 Crores
- Penalty Provision: From Kharif 2025, states or insurers delaying payments will incur a 12% penalty.
About Pradhan Mantri Fasal Bima Yojana (PMFBY)
Launched on 18 February 2016, PMFBY is India’s flagship crop insurance scheme. It aims to provide financial protection to farmers in the event of crop failure due to natural calamities, pests, and plant diseases. The scheme is implemented across various states with the involvement of insurance companies, banks, and agricultural departments.
Coverage and Premium Details
- Kharif crops: Farmer’s share – 2% of sum insured
- Rabi crops: Farmer’s share – 1.5% of sum insured
- Commercial/Horticultural crops: Farmer’s share – 5% of sum insured
- The Central Government bears the remaining premium, especially for North-Eastern and hilly states.
Benefits Provided
- Coverage for prevented sowing up to 25% of sum insured
- Coverage for post-harvest losses (within 14 days)
- Claim disbursement within two months after harvest
- Coverage for localized calamities
Eligibility Criteria
- Loanee Farmers: Enrollment is mandatory for farmers who have availed crop loans from banks.
- Non-Loanee Farmers: Can voluntarily enroll under the scheme through online/offline modes.
Implementation Framework
PMFBY is implemented through a collaborative approach involving:
- State agriculture departments
- Approved insurance companies
- Bank branches and Primary Agricultural Credit Societies (PACS)
- National Crop Insurance Portal (NCIP)
Technological Enhancements
- YES-TECH: Yield Estimation System for paddy, wheat, and soyabean to replace traditional Crop Cutting Experiments.
- WINDS: Weather Information Network to capture hyper-local weather data through Automatic Rain Gauges and Weather Stations.
- DigiClaim Module: Integrates Public Finance Management System (PFMS) and accelerates claim settlement through automation.
- Remote Sensing and Drones: Used for crop loss estimation and insurance mapping with precision.
Strengthening Measures and Farmer Outreach
- Meri Policy Mere Haath: Farmers receive policy documents directly at their doorstep.
- KrishiRakshak Portal and Helpline: Launch of dedicated grievance redressal portal and toll-free number (14447).
- ESCROW Account System: From Kharif 2025, states must maintain advance premium balances in mandatory escrow accounts.
- Fasal Bima Saptah: Awareness campaign conducted twice a year with training for village-level workers.
Key Achievements Since Launch
- Total Enrolments since 2016: 78.40 crore applications
- Claims Settled Till June 2025: ₹1.83 lakh crore to 22.66 crore farmers
- Current Year Enrollment (2024–2025): 4.19 crore farmers (a 32% increase over 2022–23)
- Coverage Expanded: From 371 lakh hectares (2014–15) to 1,510 lakh hectares (2024–25)
State Focus – Rajasthan
- Chief Minister: Bhajan Lal Sharma
- Governor: Haribhau Kisanrao Bagade
- Capital: Jaipur
- Key National Parks: Ranthambore NP, Mukundra Hills NP
Conclusion
The disbursal of ₹3,200 crores to farmers under PMFBY in August 2025 further underscores the Government’s dedication to uplifting the rural economy. By combining social welfare with modern technology and efficient governance, PMFBY sets an excellent example of how agriculture can become resilient against climate variations and disasters.
Farmers who are yet to enroll should connect with their nearest bank branch, Common Service Centre (CSC), or visit the official portal to ensure timely enrollment and secure their livelihood.
For regular updates on such government schemes and recruitment news, visit sarkarynaukary.com.
