Karnataka ranks second nationally in PMFBY implementation
Bengaluru: Karnataka has secured the second position at the national level in the effective implementation of the Pradhan Mantri Fasal Bima Yojana (PMFBY), marking a significant achievement for the state’s agriculture sector.
The Union Ministry of Agriculture and Farmers’ Welfare has formally congratulated the Karnataka government for its performance during the 2024–25 agricultural year.
The recognition was conferred at the 13th National Conference held in Bengaluru, where the Ministry presented an award to the state government for successfully rolling out the flagship crop insurance scheme. Officials noted that Karnataka stood out for timely settlement of claims, wider farmer coverage, and efficient coordination between departments.
According to official data, a total of 27,04,166 farmers in Karnataka enrolled under the PMFBY during the period. Of these, 11,85,642 farmers submitted insurance claims after suffering crop losses due to natural calamities and adverse weather conditions.
The total claim amount processed stood at ₹2,094 crore, highlighting the scale of financial assistance extended to the farming community. The achievement underlines the state government’s ability to ensure that compensation reaches affected farmers within a reasonable timeframe.
Recurrent challenges such as erratic rainfall, drought, floods, pest attacks, and climate variability have severely impacted agricultural output in recent years. Against this backdrop, the effective delivery of crop insurance has played a crucial role in stabilising farm incomes and reducing financial distress.
The Union Ministry of Agriculture has also appreciated Karnataka’s farmer-centric policies and its proactive approach to implementing central schemes. It expressed confidence that the state would continue to strengthen its agricultural safety nets and maintain high standards in scheme execution in the coming years.
Under the Pradhan Mantri Fasal Bima Yojana, farmers are required to pay only a nominal premium. For Kharif crops, the premium is capped at 2 per cent, while for Rabi crops it is limited to 1.5 per cent. In the case of commercial and horticultural crops, farmers pay up to 5 per cent. The remaining premium amount is shared equally by the Centre and the state government.
Launched in 2016, PMFBY is a flagship crop insurance scheme of the Union government aimed at providing comprehensive risk coverage to farmers. The scheme offers insurance protection from the pre-sowing stage to post-harvest losses caused by natural calamities, pests, and diseases.
Operating under the principle of “one nation, one scheme,” PMFBY seeks to encourage farmers to adopt modern agricultural practices while safeguarding their livelihoods. By securing national recognition, Karnataka has reinforced its position as a leading state in agricultural governance and farmer welfare initiatives.
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