Agriculture Minister Shivraj Singh Chouhan stated that under the Pradhan Mantri Fasal Bima Yojana, farmers have received Rs 1.6 lakh crore in insurance claims against Rs 32,440 crore in premiums since 2016-17. He emphasized the scheme’s farmer-friendly and affordable nature, noting the introduction of a 12% penalty for delayed claim disbursal from the Kharif 2024 season.
Agri insurance claims worth 1.6 lakh crore cleared so far, says Shivraj Chouhan
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