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Ministry of Agriculture and Farmers Welfare
PMFBY is India's flagship crop insurance scheme that covers yield losses due to natural calamities, pests, and diseases. Farmers pay a maximum premium of 2% for kharif crops, 1.5% for rabi crops, and 5% for commercial/horticulture crops. The remaining premium is shared by state and central governments.
Source: pmfby.gov.in
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