News: The Ministry of Agriculture and Farmers Welfare announced revised PMFBY cover for wild animal attacks and paddy inundation from Kharif 2026.
About Revised Insurance Framework of Pradhan Mantri Fasal Bima Yojana (PMFBY)
- The revised framework expands crop insurance to cover localised damage from wild animal attacks and paddy inundation.
- The modalities follow PMFBY Operational Guidelines to ensure a scientific, transparent and feasible system.
- Key features
- Crop loss from wild animal attack is recognised as the fifth add-on cover under the localized risk category.
- States will notify wild animals responsible for damage and identify vulnerable districts or insurance units.
- Farmers should report losses within 72 hours through the crop insurance app by uploading geotagged photographs.
- Paddy inundation is reintroduced as a localised calamity cover in flood-prone and coastal paddy areas.
- Add-On Covers: In addition to this basic cover, the scheme allows “add-on covers”, which are extra, optional protections that states can choose to offer for specific risks.
- Earlier four main add-on covers under PMFBY are:
- Prevented sowing/planting risk
- Mid-season adversity cover
- Post-harvest loss cover
- Localised calamities cover (hailstorm, landslide, inundation, etc.)
- Earlier four main add-on covers under PMFBY are:
About Pradhan Mantri Fasal Bima Yojana (PMFBY)
- Launched in 2016 by the Ministry of Agriculture and Farmers Welfare.
- Aim: To provide comprehensive insurance cover against failure of the crop thus helping in stabilizing the income of the farmers.
- Coverage of crops: It covers –
- food crops
- oilseed crops
- annual commercial/horticultural crops
- Premium: The prescribed premium is –
- 2% for Kharif crops
- 1.5% for crops and
- 5% for commercial and horticultural crops.
- Balance of actuarial premium is shared equally between State and Central government
