Pradhan Mantri Fasal Bima Yojana

E861899

Pradhan Mantri Fasal Bima Yojana is an Indian government crop insurance scheme that provides financial protection to farmers against losses due to natural calamities, pests, and diseases.

All labels observed (2)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf crop insurance scheme ⓘ
government scheme ⓘ
abbreviation PMFBY ⓘ
administeredBy empanelled general insurance companies ⓘ
announcedBy Narendra Modi ⓘ
beneficiaryType loanee farmers ⓘ
non-loanee farmers ⓘ
centralShare higher for northeastern states ⓘ
claimSettlementBasis yield loss assessment ⓘ
claimSettlementMethod area yield index ⓘ
country India ⓘ
coverageLevel area approach ⓘ
coversRisk diseases ⓘ
natural calamities ⓘ
pests ⓘ
post-harvest losses ⓘ
prevented sowing ⓘ
standing crop loss ⓘ
fundingPattern shared by central and state governments ⓘ
implementationStart Kharif 2016 season ⓘ
language Hindi ⓘ
launchDate 2016-01-13 ⓘ
launchedBy Government of India ⓘ
Ministry of Agriculture and Farmers Welfare ⓘ
linkedTo Kisan Credit Card borrowers ⓘ
objective encourage farmers to adopt innovative and modern agricultural practices ⓘ
ensure flow of credit to the agriculture sector ⓘ
provide financial support to farmers suffering crop loss or damage ⓘ
stabilize the income of farmers ⓘ
policyPeriod seasonal ⓘ
premiumRateForFarmers 1.5% of sum insured for Rabi crops ⓘ
2% of sum insured for Kharif crops ⓘ
5% of sum insured for annual commercial and horticultural crops ⓘ
primeMinisterAtLaunch Narendra Modi ⓘ
remainingPremium subsidized by central and state governments ⓘ
replaced Modified National Agricultural Insurance Scheme ⓘ
National Agricultural Insurance Scheme ⓘ
sector agriculture ⓘ
sumInsuredBasis scale of finance ⓘ
targetBeneficiaries farmers ⓘ
technologyUse GPS-based yield estimation ⓘ
drones ⓘ
remote sensing ⓘ
smartphones ⓘ
typeOfCropsCovered annual commercial crops ⓘ
food crops ⓘ
horticultural crops ⓘ
oilseeds ⓘ
unitOfInsurance notified area ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Ministry of Agriculture and Farmers Welfare → oversees → Pradhan Mantri Fasal Bima Yojana ⓘ
Pradhan Mantri Fasal Bima Yojana → replaced → National Agricultural Insurance Scheme ⓘ
linked to: Pradhan Mantri Fasal Bima Yojana