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Weather Based Crop Insurance Scheme: Objectives, Eligibility & Application Process

What Is Weather Based Crop Insurance Scheme in India?

What Is the Objective of Weather Based Crop Insurance Scheme?

Eligibility Criteria for the Weather Based Crop Insurance Scheme

How Does WBCIS Select Areas and Crops?

How to Apply for Weather Based Crop Insurance Scheme?

How to File a Claim Against Weather Based Crop Insurance Scheme?

What Are the Documents Required for Weather Based Crop Insurance Scheme?

What Are the Premium Subsidies and Premium Rates of the WBCIS Scheme?

 

The Implementing Agency (IA) charges the Actuarial Premium Rate (APR) under WBCIS. The following table displays the rate of Insurance Charges that the farmers are liable to pay.

Season

Crops

Percentage of Sum Insured

Rabi

All food grains, including cereals, oilseeds crops, millets and pulses

1.5% of APR or SI (whichever is lower)

Kharif

All food grains, including cereals, oilseeds crops, millets and pulses

2% of APR or SI (whichever is lower)

Rabi and Kharif

Annual commercial or horticultural crops

5% of APR or SI (whichever is lower)

 

Individuals can calculate the insurance premium payable by using an online calculator available at the official website of PMFBY, Ministry of Agriculture and Farmer Welfare Department against the following details-

  • Year
  • Season
  • Scheme
  • State
  • District
  • Crop

The Government has also revamped Weather Based Crop Insurance Scheme and made it voluntary for all farmers, including cultivators with existing crop loans, to efficiently address the challenges.

Frequently Asked Questions