evidence: PMFBY was launched in 2016 addressing problems of high premium rates for farmers and reduction in sum insured due to capping. In past 6 Years of implementation 38 crore farmer applications have been enrolled and over 12.37 crores (Provisional) farmer applicants have received claims. During this period, nearly ₹ 25,252 crores were paid by farmers as their share of premium against which claims of over ₹ 1,30,015 crore (Provisional) have been paid to them. Thus, for every 100 rupees of premium paid by farmers, they have received about ₹ 514 as claims. [...] A Micro Irrigation Fund of initial corpus ₹ 5000 crore has been created with NABARD. In the Budget Announcement for 2021-22, the corpus of the fund is to be increased to ₹10000 crores. Projects worth ₹ 4710.96 crores covering 17.09 lakh hectares have been approved.