India

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

Prime Minister Narendra Modi on Wednesday (January 13, 2021) congratulated all the beneficiaries of the 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.

“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.

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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