Karnataka has taken the lead in the successful implementation of the Narendra Modi government's flagship crop insurance scheme. The Pradhan Mantri Fasal Bima Yojana (PMFBY) was launched last year amid much fanfare.

• PMFBY, which replaced the older National Agricultural Insurance Scheme (NAIS) and the modified NAIS, seeks to provide comprehensive insurance to farmers against the vagaries of nature at a very low premium of 2 per cent of the insured value for the kharif crop and 1.5 per cent for the rabi crop.
• The Centre and state share the burden of the difference between the premium charged by the in surance company and that paid by the farmer.
• The state government has been actively promoting the scheme by earmarking Rs 675.38 crore in the budget for this fiscal (2016-17) so that farmers don't suffer due to floods, drought and unseasonal rain.