Pradhan Mantri Fasal Bima Yojana (PMFBY)
- To provide insurance coverage and financial support to the farmers in the event of failure of any of the notified crop as a result of natural calamities, pests & diseases.
- To stabilise the income of farmers to ensure their continuance in farming.
- To encourage farmers to adopt innovative and modern agricultural practice.
- To ensure flow of credit to the agriculture sector.