PMFBY completes 5 yrs of operation: PM Modi congratulates all beneficiaries of the scheme

New Delhi: Prime Minister Narendra Modi on Wednesday (January 13) congratulated all the beneficiaries of PMFBY scheme.

Taking to Twitter, PM Modi wrote, “An important initiative to secure hardworking farmers from the vagaries of nature, PM Fasal Bima Yojana completes 5 years today. The Yojana has increased coverage, mitigated risk & benefitted crores of farmers. I congratulate all beneficiaries of the scheme.”

The Centre on Tuesday urged the farming community to take advantage of the Pradhan Mantri Fasal Bima Yojana (PMFBY), which has completed 5 years, in order to become “self-reliant farmers”.

In a statement, the Union agriculture ministry said claims worth Rs 90,000 crore have so far been disbursed to farmers since the launch of the scheme on January 13, 2016.

Even during the COVID-19 lockdown period, nearly 70 lakh farmers benefitted and claims worth Rs 8,741.30 crore were transferred to the beneficiaries, it added.

PM MODI

“The Government of India urges farmers to take advantage of the scheme by associating themselves to become self-sufficient in times of crisis and support the creation of an Aatmanirbhar Kisan,” the ministry said.

The Centre is committed towards protecting the interests of the farmers, it said.

According to the ministry, the scheme covers over 5.5 crore farmer applications year-on-year. The Aadhaar seeding has helped in speedy claim settlement directly into the farmer accounts.

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