Page 63 - Putting Farmers First

Farmers get holistic protection with PM
Fasal Bima Yojana at nominal rates

Benefiting farmers who faced unfortunate crop
losses due to various reasons, Pradhan Mantri Fasal
Bima Yojana covered 23 crore farmer applications,
benefitting 7.2 crore applicants in 4 years.

For every 100 rupees that farmers paid
as premium, they received Rs 532 as claims!
Rs 17,450 crore was paid by farmers as their
share of premium against which claims of over
Rs 87,000 crore have been paid.

Inclusion of hailstorms in post-harvest losses, besides
unseasonal and cyclonic rainfall, reduces the risks
of farmers.

To uphold the rights of farmers and to penalise
those who delay farmers’ claim settlement,
penalties are to be paid to farmers in case of delay.

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