PMFBY records 56.80 Cr farmer applications in 8 years; over 23.22 Cr farmers benefit from Rs. 1,55,977 Cr claims

With farmers contributing nearly Rs. 31,139 crore in premiums, claims amounting to over Rs. 1,55,977 crore have been disbursed, translating to approximately Rs. 500 in claims for every Rs. 100 in premium.