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Sustain financial support under PM Fasal Bima Yojana

Bharatiya Janata Party · Lok Sabha General Election 2024

Last updated 1 Jun 2026

“Sustained financial support under PM Fasal Bima Yojana to protect farmers against crop losses from natural calamities.”

From the Bharatiya Janata Party manifestoView Manifesto

Our Assessment

high

On 1 January 2025 the Union Cabinet approved continuation of the Pradhan Mantri Fasal Bima Yojana and the Restructured Weather Based Crop Insurance Scheme through 2025-26, with an overall outlay of Rs 69,515.71 crore (2021-22 to 2025-26) and a new Fund for Innovation and Technology (FIAT) of Rs 824.77 crore for tech-driven yield estimation (YES-TECH, WINDS). The government noted 88% of insured farmers are small and marginal. The pledge is being delivered; the current sanction runs to 2025-26, so continuation beyond that year is not yet formally approved.

Promise Timeline

16 Apr 2026

From Kharif 2026, new add-on covers (Wild Animal Attack and Paddy Inundation) introduced under localised risk; states required to pre-deposit premium share via ESCROW from Kharif 2025 for timely claims.

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1 Jan 2025

Union Cabinet approves continuation of PMFBY and RWBCIS through 2025-26 with an outlay of Rs 69,515.71 crore and creation of the FIAT fund.

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Sources & Evidence

news

Cabinet approves continuation of PM Fasal Bima Yojana, weather crop insurance scheme

ddnews.gov.in·1 Jan 2025
government

PIB: Cabinet approves continuation of PMFBY and RWBCIS till 2025-26

pib.gov.in·1 Jan 2025
government

Cabinet approves PMFBY/RWBCIS continuation to 2025-26 with FIAT tech fund (PMO)

pmindia.gov.in·1 Jan 2025
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