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Fasal Bima Yojana: Government Boosts Efforts to Expand Farmer Coverage
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CNBC TV18•29-09-2026, 17:15
Fasal Bima Yojana: Government Boosts Efforts to Expand Farmer Coverage
- •The government is intensifying efforts to expand coverage under the Pradhan Mantri Fasal Bima Yojana (PMFBY) while also addressing crop output, farmer welfare, edible oil prices, and stubble burning pollution.
- •Claims of a drop in crop output due to El Nino were dismissed by the government, noting good harvests in many places and pending Kharif season estimates.
- •A holistic decision on edible oil import duties is being considered to balance farmer interests with domestic availability and price control.
- •The government stated that farmers alone are not responsible for pollution, as crop stubble is not the sole cause, and many farmers are adopting direct seeding to avoid stubble burning.
- •In Jammu and Kashmir, PMFBY and the Weather-Based Crop Insurance Scheme cover over 12.89 lakh farmers across all 20 districts, disbursing ’221.71 crore in claims.
Key Questions Answered
Under the Pradhan Mantri Fasal Bima Yojana, farmers contribute a maximum premium of 2% for Kharif crops, while the remaining premium is shared between the Centre and states.
The PMFBY and Weather-Based Crop Insurance Scheme are currently implemented across all 20 districts of Jammu and Kashmir, providing coverage to more than 12.89 lakh farmers.
The scheme covers risks such as prevented or failed sowing, standing crop losses from natural calamities, localized disasters, post-harvest losses, and area-based hazards like drought, floods, cyclones, and pests.
