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The purpose of Fasal Bima Yojana is to help the farmers in providing crop insurance against the loss of crop due to any kind of natural calamity. This program is a part of the larger Yojana scheme, which provides a variety of government-sponsored insurance services to farmers and their families. The main objective of this program is to provide insurance coverage to farmers in case they lose their crops due to various reasons, such as heavy rain, drought, flood, etc.
This program is implemented by the Agricultural Insurance Company. The coverage provided is against loss of crops due to various natural calamities, such as drought, flood, heavy rain, etc. The program is aimed at farmers who are the main stakeholders in the agriculture sector.