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Pradhan Mantri Fasal Bima Yojana

Saturday, January 19, 2019, 5:47 PM

Pradhan Mantri Fasal Bima Yojana (PMFBY), is a subsidized crop insurance scheme, introduced in January 2016 by the Central Government of India. Under this scheme, Government provides subsidy to farmers on their crop insurance premiums, and hence farmers pay a very nominal amount towards premiums. PMFBY was introduced to encourage farmers avail crop insurance and thereby securing them financially, if their crops fail.

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