Angel One - Share Market Trading and Stock Broking
Skip to main content

PM Fasal Bima Yojana: Madhya Pradesh Farmers Receive Crop Insurance of ₹317.86 Crore in Rabi Claims

Written by: Team Angel OneUpdated on: 26 Oct 2026, 6:04 pm IST
PM Fasal Bima Yojana payments have started in Madhya Pradesh, covering around 16.70 lakh eligible farmer applications.
PM Fasal Bima Yojana: Madhya Pradesh
Share

The Pradhan Mantri Fasal Bima Yojana (PMFBY) has begun transferring ₹317.86 crore in crop insurance claims for the Rabi 2025-26 season in Madhya Pradesh, as per a CNBC TV18 news report.  

The payments started on October 24, 2026, through the direct benefit transfer (DBT) system and cover around 16.70 lakh eligible farmer applications. The scheme’s official handle on X announced the transfer.  

The amount relates to eligible claims for the Rabi season. However, the announcement did not specify the districts receiving the payments or the crops covered under the latest disbursement. 

Transfer Announced at Sardarpur 

Madhya Pradesh Chief Minister Mohan Yadav said the payments were made during a programme in Sardarpur, in Dhar district. In a separate post on X, he confirmed that the insurance money had been transferred to farmers’ bank accounts. 

The programme also included the inauguration of the Narmada-Jhabua-Petlawad-Thandla-Sardarpur Micro Irrigation Project, which has a stated cost of ₹2,387.60 crore, according to Yadav. 

Total Claims Cross ₹32,400 Crore 

Farmers in Madhya Pradesh have received ₹32,402.59 crore in crop insurance claims from the 2016-17 financial year through the Kharif 2025 season, according to the PMFBY handle. 

The latest transfer of ₹317.86 crore is for the Rabi 2025-26 season and is separate from the cumulative figure reported for the period ending with Kharif 2025. 

About the Crop Insurance Scheme 

PMFBY provides crop insurance and financial support to farmers who suffer losses from specified risks, including natural calamities, pests, and diseases. Claims are subject to the scheme’s terms and conditions. 

Farmers can check their policy and application details on the official PMFBY website. The portal also offers an application-status facility. Queries and grievances can be raised through the Krishi Rakshak Portal and helpline at 14447. 

Read More: PM CARES Children Scholarship: Who Needs Aadhaar Verification and Which Documents Are Accepted? 

Conclusion 

The latest disbursement covers around 16.70 lakh eligible farmer applications in Madhya Pradesh. The state’s cumulative crop insurance claims stood at ₹32,402.59 crore through the Kharif 2025 season. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Oct 26, 2026, 12:34 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy ₹0 Account Opening Charges

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store