bima12PMSBY Scheme: The 12 Rupees Insurance Scheme. The Pradhan Mantri Suraksha Bima Yojana (PMSBY), popularly known as the 12 Rupees insurance scheme is one of the three socialPradhan Mantri Fasal Bima Yojana (PMY) is the ernment sponsored crop surance scheme that tegrates multiple stakeholders on a sgle platform.