Farmers Pay Rs 32,440 Crore Premium Under PMFBY; Claims Worth Over Rs 1.64 Lakh Crore Cleared

Pradhan Mantri Fasal Bima Yojana (PMFBY) was launched during the Kharif 2016 season as a comprehensive insurance scheme for farmers aimed at providing financial assistance to them in case of any distressed situations. The policy has been highly successful, and claims under Pradhan Mantri Fasal Bima Yojana by farmers have amounted to an enormous Rs 1.64 lakh crore while farmers have paid Rs 32,440 crore as premium under the PMFBY scheme. This underscores the importance and value of this scheme for securing farmer’s lives across India.

https://www.jaagrukbharat.com/farmers-pay-rs-32440-crore-premium-under-pmfby-claims-worth-over-rs-164-lakh-crore-cleared-MTE5NQ==

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