_9 Years of PM Fasal Bima Yojana_ Pradhan Mantri Fasal Bima Yojana completes 9 years since its launch by PM Narendra Modi in 2016. It continues to be a lifeline for farmers, providing financial protection against crop losses. Here's how it works & why it's crucial! 👇 Biggest Crop Insurance Scheme a. World’s largest in farmer applications b. Continued till 2025-26 with ₹69,515.71 Cr budget c. Over 4.6 crore farmers insured annually! Affordable Premiums for Farmers 1. Kharif crops – Only 2% premium 2. Rabi crops – Just 1.5% premium 3. Horticulture crops – 5% premium 4. Govt covers the remaining premium, ensuring minimal burden on farmers! Comprehensive Risk Coverage - Natural disasters (storms, floods, landslides) - Droughts, pests, and diseases - Prevented sowing (25% payout if sowing fails due to bad weather) - Post-harvest losses (14-day coverage for harvested crops) - Localized calamities (individual farm-based coverage) Tech-Powered Scheme 1. YES-TECH (Yield Estimation System) introduced in Kharif 2023 2. Use of satellites, drones, remote sensing for accurate crop loss assessment 3. CCE-Agri App streamlines crop cutting experiments Integrated with National Crop Insurance Portal (NCIP) Major Achievements - Record-high farmer & area coverage in 2023-24 - Non-loanee farmers now 55% of insured farmers - Increased voluntary participation = More trust in the scheme - Faster & transparent claim settlements within 2 months of harvest Companion Scheme: RWBCIS Restructured Weather-Based Crop Insurance Scheme runs alongside PMFBY Claims based on weather index assessment rather than yield loss estimation. Pradhan Mantri Fasal Bima Yojana has transformed into a safety net for Indian farmers, securing their livelihoods & encouraging agricultural growth. With continued govt support & cutting-edge technology, the scheme is set to expand & empower more farmers in the coming years. (Source - Himanshu Jain)