Under the leadership of Prime Minister Narendra Modi, the Union Cabinet has approved the continuation of the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Revised Weather-Based Crop Insurance Scheme (RWBCIS) for the period 2021-22 to 2025-26. These schemes aim to protect farmers from financial losses caused by natural disasters.
Budget Allocation
The government has allocated a total budget of ₹69,515.71 crore for these schemes. Additionally, ₹824.77 crore has been sanctioned for innovation and research under the Fund for Innovation and Technology (FIAT) to enhance the implementation of these schemes.
| Scheme Name | Duration | Budget ( ₹crore) |
| Pradhan Mantri Fasal Bima Yojana (PMFBY) | 2021-22 To 2025- 2026 | 69,515.71 |
| Fund for Innovatio n and Technolo gy (FIAT) | Ongoing | 824.77 |
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Key Initiatives
YES-TECH (Yield Estimation System)
YES-TECH uses remote sensing technology to provide accurate crop yield estimates with a minimum weightage of 30%
Implemented in nine states: Andhra Pradesh, Assam, Haryana, Uttar Pradesh, Madhya Pradesh, Maharashtra, Odisha, Tamil Nadu, and Karnataka.
Madhya Pradesh has adopted 100% technology-based yield estimation.
WINDS (Weather Information Network Data Systems)
WINDS aims to establish Automatic Weather Stations (AWS) and Automatic Rain Gauges (ARG) to provide hyper-local weather data.
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Aims to increase network density by five times.Currently being implemented in nine states: Kerala, Uttar Pradesh, Himachal Pradesh, Puducherry, Assam, Odisha, Karnataka, Uttarakhand, and Rajasthan.
| Technology Initiative | Benefits |
| YES-TECH | Accurate yield estimates, reduced experiments. |
| WINDS | Hyper-local weather data, improved accuracy. |
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Special Provisions for Northeast States
The central government bears 90% of the premium subsidy for farmers in the northeastern states.Priority is given to ensuring all farmers in these states benefit from the schemes.
Objectives of Pradhan Mantri Fasal Bima Yojana (PMFBY)
- Support sustainable agricultural production.
- Provide financial assistance to farmers suffering from crop loss or damage.
- Encourage farmers to adopt modern farming practices.
- Ensure adequate credit flow to the agriculture sector.
How Can Farmers Avail of the Scheme?
| Mode | Details |
| Online Portal | Visit pmfby.gov.in |
| Offline Application | Contact nearby banks, cooperative societies, or CSC centers. |
Farmers can apply both online and offline to benefit from the scheme.
Required Documents
- Identification proof (Aadhaar, Voter ID, etc.).
- Bank account linked to Aadhaar.
- Land records or Khasra number.
- Lease agreement for rented land.
Helpline for Assistance
Farmers can contact the toll-free number 1800-570-7115 for any queries or assistance.
The Pradhan Mantri Fasal Bima Yojana and Revised Weather-Based Crop Insurance Scheme are crucial steps toward securing farmers’ livelihoods. With enhanced technology and innovative solutions, these schemes aim to not only mitigate financial risks but also encourage farmers to adopt advanced agricultural practices for a sustainable future.
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