For every ₹100 of premium paid for crop insurance under PMFBY, farmers received ₹514 as claims: Govt Subject :Schemes PMFBY Launched in April, 2016, after rolling back the earlier insurance schemes viz. National Agriculture Insurance Scheme (NAIS), Weather-based Crop Insurance scheme and Modified National Agricultural Insurance Scheme (MNAIS). Premium: It envisages a uniform premium of only 2% to […]