PM Fasal Bima Yojana

Launched in 2016, Pradhan Mantri Fasal Bima Yojana completed its five years today. It is a low-premium crop insurance scheme in accordance with One Nation, One Scheme theme. It replaced two schemes – National Agricultural Insurance Scheme and Modified National Agricultural Insurance Scheme (NAIS). It covers over 5.5 crore farmer applications year-on-year and extends coverage from pre-sowing to post-harvest season as well as losses caused due to prevented sowing and mid-season adversities.