Launched in 2016, the PMFBY has provided crucial financial support to Indian farmers, protecting them from crop losses. Let's dive into the details of this vital scheme!
PMFBY: A Lifeline
The PMFBY, launched in 2016, was a pivotal initiative. It aimed to safeguard farmers from the unpredictable risks of agriculture. The scheme offered financial assistance to farmers who faced crop losses due to natural calamities, ensuring their economic stability. It was designed with the heart of Bharat in mind.
Financial Impact: Massive
A remarkable Rs 1.83 lakh crore was disbursed in compensation under PMFBY since its inception. This substantial amount reflects the scheme's wide reach and the significant impact it has had on the lives of farmers across India. This has helped them weather tough times.
Farmer Reach: Extensive
Over 22 crore farmers have benefited from the PMFBY since 2016. This widespread coverage demonstrates the scheme's success in reaching a vast majority of the agricultural community. The numbers prove the effectiveness in protecting the farmers across the nation.
Protecting Indian Farmers
The PMFBY provides a crucial safety net for farmers, helping them recover from crop damage due to natural disasters. This ensures the continuation of agricultural activities. This support allows farmers to continue growing the food that feeds the nation.
