A major gift for farmers — Insurance claim amounts credited directly to their bank accounts under the Pradhan Mantri Fasal Bima Yojana

Ministry of Agriculture & Farmers Welfare A major gift for farmers — Insurance claim amounts credited directly to their bank accounts under the Pradhan Mantri Fasal Bima Yojana Union Agriculture Minister Shri Shivraj Singh Chouhan digitally transfers the insurance amounts to farmers’ accounts from Jhunjhunu, Rajasthan A total of 3,900 crore in insurance claims given to 35 lakh farmers Rajasthan Chief Minister Bhajanlal Sharma was also present at the programme Posted On: 11 AUG 2025 6:43PM by PIB Delhi Demonstrating the government’s commitment to farmer welfare, Union Minister for Agriculture & Farmers’ Welfare, and Rural Development Shri Shivraj Singh Chouhan today digitally transferred crop insurance payouts under the Pradhan Mantri Fasal Bima Yojana directly to farmers’ bank accounts from Jhunjhunu, Rajasthan. Around ₹3,900 crore was disbursed to the accounts of nearly 35 lakh farmers.Minister of State for Agriculture & Farmers’ Welfare, Shri Bhagirath Choudhary, Rajasthan Chief Minister Shri Bhajanlal Sharma, and Rajasthan Agriculture Minister Dr. Kirodi Lal Meena, were present during the occasion, along with a large number of farmers. Lakhs of farmers and beneficiaries from various states also joined the event virtually. Addressing the gathering, Shri Shivraj Singh Chouhan said that we are witnessing the formation of a remarkable India under the leadership of Prime Minister Shri Narendra Modi. He noted that Rajasthan will soon receive water from the Yamuna, Chambal, and also the Indus River. The Minister recalled that India had strongly retaliated to the Pahalgam terror attack, destroying terrorist bases through ‘Operation Sindoor’, a decision taken solely by India without any third-party involvement. We ceased all military actions only after Pakistan bowed before India’s might, he said.The Minister said that under earlier governments, crop insurance compensations were provided only when crops in an entire tehsil or block were destroyed, but Prime Minister Modi scrapped the old schemes and introduced an insurance plan under which compensations are paid even if the crop of a single farmer in a village is damaged. He stressed that the government is working through multiple schemes to improve farmers’ lives. Under the PM-Kisan Samman Nidhi Yojana, ₹3.75 lakh crore has been directly transferred to farmers’ accounts. Since the launch of the Pradhan Mantri Fasal Bima Yojana in 2016, ₹2.12 lakh crore has been paid to farmers. He also highlighted substantial fertiliser subsidies, noting that a 45-kg bag of urea costs farmers ₹266 against its actual price of ₹1,633.24, with the difference covered by the government. Similarly, a 50-kg bag of DAP (Diammonium Phosphate) costs ₹1,350 against its actual price of ₹3,100. So far, ₹14.06 lakh crore has been provided to fertiliser companies to ensure affordable fertilisers for farmers. Shri Chouhan also referred to other welfare measures, stating that the government has raised MSP (minimum support price) rates, ensuring they are set at 50% above production costs. The government decided to procure moong at ₹2,000 per quintal. Under the PM-AASHA scheme (Pradhan Mantri Annadata Aay SanraksHan Abhiyan), ₹43.87 lakh crore has been transferred to farmers’ accounts for wheat and paddy procurement. The Market Intervention Scheme (MIP) allows farmers to sell produce in other states with the government covering transport costs. On the issue of counterfeit fertilisers, the Minister said that steps are being taken to introduce a stringent law to punish offenders, with work already underway to ensure strict action and imprisonment for the guilty. He added that in cases of crop virus attacks, if farmers share information or even send a photo, a team of scientists will immediately reach the village to assist. Shri Chouhan said that after the Kharif season, under the Viksit Krishi Sankalp Abhiyan, teams of scientists will visit villages for the Rabi crop season to share accurate farming and research knowledge. Future agricultural research will be demand-driven, based on farmers’ needs, with a focus on developing quality seeds for moong, urad, soybean, and millet to increase production. Commending the Prime Minister, Shri Chouhan said the nation is fortunate to have his leadership, as he places utmost importance to national interests, and the PM has assured that farmers’ interests will never be compromised, even at a personal cost. This decisive stand has strengthened India’s image globally. Shri Chouhan also spoke about creating a special roadmap to further develop agriculture in Rajasthan. In conclusion, Shri Chouhan urged citizens to pledge to use Swadeshi products for all our daily needs, stressing that adopting indigenous goods will strengthen small artisans and entrepreneurs, while also boosting the Indian economy. ***** RC/KSR/AR (Release ID: 2155191)