PM Fasal Bima Yojana: Rs 3,200 Cr To Be Released Today, How To Check Beneficiary List
PM Fasal Bima Yojana: Union Agriculture Minister Shivraj Singh Chauhan is set to distribute Rs 3,200 crore to over 30 lakh farmers across the country today. He said that soon money will be distributed to farmers in many states of the country in lieu of their damaged crops.
During a program organized in Jhunjhunu district of Rajasthan, Union Agriculture Minister Shivraj Singh Chauhan will digitally transfer crop insurance claim amount of Rs 3,200 crore to 30 lakh farmer beneficiaries under the Pradhan Mantri Fasal Bima Yojana (PMFBY) on Monday. Apart from Chauhan, Rajasthan Chief Minister Bhajanlal Sharma, Union Minister of State for Agriculture Bhagirath Chaudhary and State Agriculture Minister Kirori Lal Meena will also be present in the program.
According to an official statement, out of the total claim amount under crop insurance, Rs 1,156 crore will be transferred to the farmers of Madhya Pradesh, Rs 1,121 crore to the farmers of Rajasthan, Rs 150 crore to the farmers of Chhattisgarh and Rs 773 crore to the farmers of other states. The Agriculture Minister said that the Center has implemented a new simplified claim settlement system in the interest of farmers, under which proportional payment of claims will be made only on the basis of central subsidy, without waiting for the premium contribution of the state.
Fine will be imposed if money is not paid The Agriculture Minister said that from the Kharif 2025 session, if any state government delays its subsidy contribution, then a penalty of 12 percent will be imposed on it. Similarly, if insurance companies delay payment, then a penalty of 12 percent will also be imposed on them. Since the launch of the Pradhan Mantri Fasal Bima Yojana (PMFBY) in 2016, claims worth Rs 1.83 lakh crore have been settled under it, while farmers have paid a premium of only Rs 35,864 crore.
What Is PM Fasal Bima Yojana?
The government launched the crop insurance scheme in 2016 to protect farmers from crop damage due to weather and disaster. Under this, farmers can get their crops insured by paying a nominal premium. If their crops are damaged due to weather or any other reason, then insurance can be claimed. To settle the claim, the government surveys the destroyed crops and compensates for whatever loss occurs.
The PMFBY beneficiary list is not publicly released with names and details of all beneficiaries. Instead, farmers can check their individual application status using their policy ID or receipt number on the official PMFBY portal. Here's how to do it:
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August 11, 2025, 10:02 IST
News business PM Fasal Bima Yojana: Rs 3,200 Cr To Be Released Today, How To Check Beneficiary List
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