What is the difference between PMFBY yield insurance and Restructured Weather Based Crop Insurance?

The two schemes pay on different triggers. Normal PMFBY is yield-based: it compares the actual measured yield of your insurance unit against a threshold yield, and pays if the harvest falls short, so it captures the combined effect of all causes. Restructured Weather Based Crop Insurance pays on a weather index instead: a nearby reference weather station records rainfall, temperature, humidity or wind, and if the reading crosses pre-set limits, like too little rain in a defined window or too many hot days, the claim is paid automatically without harvesting any crop. Weather insurance settles faster and suits horticulture and crops sensitive to specific weather, but it carries basis risk, meaning your field can suffer while the station reading does not cross the trigger, so you get nothing. Yield insurance avoids that mismatch but takes longer because it waits for crop cutting results. Check which scheme is notified for your crop and area and confirm the triggers with the insurance company.