Pradhan Mantri Fasal Bima Yojana is the third largest insurance scheme globally in terms of premiums, which was launched in 2016. Under this scheme, <nis:link nis:type=tag nis:id=farmers nis:value=farmers nis:enabled=true nis:link/> get protection from crop loss or damage due to unexpected events. <nis:link nis:type=tag nis:id=pmfby4farmers nis:value=pmfby4farmers nis:enabled=true nis:link/>