The Pradhan Mantri Fasal Bima Yojna (PMFBY) has been in operation since the 2016 kharif season. The scheme was launched to help farmers cope with crop losses as a result of unseasonal, extreme weather. It supplanted the National Agricultural Insurance Scheme and Modified National Agriculture Insurance scheme. The scheme is supplemented with restructured Weather-Based Crop Insurance Scheme (WBCIS).
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