Pradhan Mantri Fasal Bima Yojana Provides Comprehensive Crop Insurance to Farmers at Highly Subsidized Premium Rates

• PMFBY is the Government of India's flagship crop insurance scheme, launched 2016, providing comprehensive risk cover from pre-sowing to post-harvest at highly subsidised premium.
• Replaced earlier NAIS and MNAIS schemes; administered by the Ministry of Agriculture & Farmers Welfare.
• UPSC relevance: intersects agriculture, rural distress, fiscal federalism, climate risk, and use of remote-sensing tech in governance.