PM Fasal Bima Yojana 2025: Last Date Nears, Know How Much Compensation Farmers Can Get for Kharif Crop Loss

Key Highlights

• Last date to register for PMFBY is 31st July 2025.

• Farmers pay only 2% premium for Kharif crop insurance.

• Compensation is based on an actual crop loss survey.

• Claims must be filed within 72 hours of damage.

• Compensation is directly transferred to farmers bank accounts.

The month of July has brought heavy rainfall across many parts of India. For farmers, this season is crucial as sowing of paddy and other Kharif crops takes place during this time. However, extreme weather like drought, floods, or pest attacks can destroy standing crops. To provide financial protection, the Pradhan Mantri Fasal Bima Yojana (PMFBY) helps farmers claim compensation for their losses.

The last date to enroll for the PM Crop Insurance Scheme 2025 is 31st July, as announced by the Government of India. Farmers are advised not to delay registration.

Also Read: 3 Lakh Farmers in MP to Receive Solar Pumps with Subsidy Relief

What is PM Fasal Bima Yojana (PMFBY)?

PMFBY is a government crop insurance scheme launched to support farmers during crop damage due to natural disasters. The aim is to minimize the financial burden of such losses and ensure timely recovery.

Under the scheme:

• Farmers pay 2% premium for Kharif crops

• 1.5% premium for Rabi crops

• 5% premium for horticulture crops

The remaining premium is paid by the central and state governments.

How Will Compensation Be Calculated?

The compensation amount under PMFBY is calculated using a specific formula:

(Threshold Yield - Actual Yield) ÷ Threshold Yield × Sum Insured

• Threshold Yield: Average yield from the past 5 years for the crop in the area.

• Actual Yield: The actual crop production recorded after a government survey.

• Sum Insured: The total amount covered under the insurance policy.

The difference between the expected and actual yield determines the compensation farmers receive.

How to Claim PMFBY Crop Insurance?

If a farmer’s standing crop is damaged within 14 days of harvesting or due to rain, drought, flood, or pest attacks, a claim must be registered within 72 hours.

Farmers can file claims through:

• Krishi Rakshak Portal

• Helpline number 14447

• Crop Insurance App

After the claim is submitted:

• A joint survey will be conducted by the insurance company and agriculture officials.

• The crop insurance claim form will be filled during the visit.

• If verified, the compensation will be transferred to the farmer’s bank account within 2 months.

How to Register for PMFBY Kharif 2025?

Follow these steps to register:

1. Visit the official website pmfby.gov.in

2. Complete registration with Aadhaar and mobile details.

3. Fill in crop and bank details.

4. Submit the form and get coverage.

Who is Eligible for PM Crop Insurance?

• Any farmer in India growing notified crops like Kharif, Rabi, or horticulture is eligible.

• Must possess valid land documents. For leased land, proper lease papers are required.

• The farmer must not have received compensation for the same crop under any other scheme.

Benefits of PMFBY Scheme 2025

• Protection against crop loss due to natural calamities.

• Low premium burden on farmers.

• Direct transfer of compensation to bank accounts.

• Transparent and simple claim process.

Also Read: PM-KISAN 20th Instalment: Agriculture Ministry Alerts Farmers Against Fake Messages, Urges to Trust Only Official Sources

Final Reminder: Register Before 31st July

The last date for registration under the PM Fasal Bima Yojana is 31 July 2025. Farmers are encouraged to take advantage of this low-cost insurance plan to safeguard their hard work and ensure financial protection against crop loss.

Stay safe, insure your crops, and protect your future.

Frequently Asked Questions (FAQs)

Q1. How to claim crop insurance online?

Ans: Visit pmfby.gov.in and use your credentials to file a claim online.

Q2. How much do farmers have to pay as a premium?

Ans:

• 2% for Kharif crops

• 1.5% for Rabi crops

• 5% for horticultural crops

Q3. Who is eligible for this scheme?

Ans: Every Indian farmer with valid land ownership or lease papers and not availing the same benefit under another scheme is eligible.