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How much amount has been allocated for the Pradhan Mantri Fasal Bima Yojana (PMFBY) for the upcoming fiscal year 2021-22 by the Central government?
Rs. 6,000 crores
Rs. 16,000 crores
Rs. 26,000 crores
Rs. 36,000 crores
The Central government has allocated Rupees 16,000 crores for the Pradhan Mantri Fasal
Bima Yojana (PMFBY) for the upcoming fiscal year 2021-22.
This allocation was done in order to boost the safety of farmers’ crops. The amount will also ensure
that maximum benefit of crop insurance reaches to the farmers.
The budgetary amount has increased this year by around ?305 crore as compared to the fiscal year
2020-21.
By: Parvesh Mehta ProfileResourcesReport error
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