Central government premium paid under PMFBY in India 2018-2022, by season

Published by Sandhya Keelery, Dec 18, 2023
In 2022, the total central government premium paid under the Pradhan Mantri Fasal Bima Yojana in India amounted to over 63 billion Indian rupees in the kharif season. During the rabi season, the corresponding figure stood at around 42 billion rupees.
PMFBY is a crop insurance program in India that provides insurance coverage and financial support to farmers in the event of crop failure due to natural calamities, pests, and diseases.

Central government premium paid under Pradhan Mantri Fasal Bima Yojana in India from 2018 to 2022, by season ( in billion Indian rupees)

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Release date

December 2023

Region

India

Survey time period

2018 to 2023

Supplementary notes

One Indian rupee is equal to 0.011 euros and 0.012 U.S. dollars (as of December 2023).
Numbers are rounded for clarity.

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