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Complete guide to Fasal Bima Yojana 2023 – eligibility, compensation amounts for crops, last installment dates and how to check your claim status.
The Fasal Bima Yojana 2023 is a central government initiative launched on 18 February 2016 by Prime Minister Narendra Modi. It provides insurance‑based compensation to Indian farmers when crops are damaged due to natural calamities, adverse weather, or other unforeseen events. The scheme ensures financial support from sowing to 14 days after harvest, helping farmers recover production costs and sustain their families.
| Crop | Compensation (₹) |
| Cotton | 36,282 |
| Rice (Paddy) | 37,484 |
| Maize | 18,782 |
| Moong (Green Gram) | 16,497 |
| Event | Date |
| Scheme launch | 18 February 2016 |
| Last installment released | 27–28 September 2023 |
| Registration deadline for last installment | 16 August 2023 |
The Fasal Bima Yojana 2023 continues to provide vital insurance coverage and financial relief to Indian farmers facing crop losses. By understanding the compensation rates, key dates, and claim verification process, farmers can ensure they receive the benefits they deserve. Stay informed through the official portal and share this information with fellow cultivators to maximize the scheme’s impact.