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 of 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.”

An essential initiative to safe hardworking farmers from the vagaries of nature, PM Fasal Bima Yojana completes 5 years immediately. The Yojana has elevated protection, mitigated danger & benefitted crores of farmers. I congratulate all beneficiaries of the scheme. #FasalBima4SafalKisan
— Narendra Modi (@narendramodi) January 13, 2021

The Centre on Tuesday urged the farming group to reap the benefits of the Pradhan Mantri Fasal Bima Yojana (PMFBY), which has accomplished 5 years, in an effort to turn into “self-reliant farmers”.
In a press release, the Union agriculture ministry mentioned claims price Rs 90,000 crore have to date been disbursed to farmers because the launch of the scheme on January 13, 2016.
Even throughout the COVID-19 lockdown interval, almost 70 lakh farmers benefitted and claims price Rs 8,741.30 crore have been transferred to the beneficiaries, it added.

“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 mentioned.
The Centre is dedicated in direction of defending the pursuits of the farmers, it mentioned.
According to the ministry, the scheme covers over 5.5 crore farmer functions year-on-year. The Aadhaar seeding has helped in speedy declare settlement immediately into the farmer accounts.