*Cotton farmers in Maharashtra received ₹3,653 crore in PMFBY claims*
Over the past five years, cotton farmers in Maharashtra have received ₹3,653 crore in insurance claims under the Pradhan Mantri Fasal Bima Yojana (PMFBY), protecting them from crop losses due to erratic rainfall and weather challenges.
Cotton farmers in Maharashtra have received a total of ₹3,653 crore in insurance claims under the Pradhan Mantri Fasal Bima Yojana (PMFBY) over the past five years. This scheme provides complete coverage against crop losses—from pre-sowing to post-harvest—for crops and areas notified by the state government.
Designed to protect farmers from losses due to natural disasters and adverse weather, the PMFBY has proven particularly beneficial for cotton farmers in Vidarbha, helping them overcome recurring crop losses due to erratic rainfall and weather challenges.
*Year-over-year claims data shows increasing support.*
According to data from the Ministry of Agriculture and Farmers Welfare, cotton farmers in Maharashtra received claims worth ₹55.26 crore in 2020, ₹441.10 crore in 2021, ₹456.84 crore in 2022, ₹1,941.09 crore in 2023, and ₹758.95 crore in 2024.
Record Cotton Production in 2024–25
During 2024–25, Maharashtra produced 92.32 lakh bales of cotton, an increase from last year's 80.45 lakh bales (each bale weighing 170 kg).
*CCI procures 144.55 lakh quintals of cotton, helping farmers*
To support cotton growers in key producing districts like Jalgaon and Yavatmal, the Cotton Corporation of India (CCI) has opened 128 procurement centers across 19 districts under its Aurangabad and Akola branches, including 11 in Jalgaon and 15 in Yavatmal. CCI has procured 144.55 lakh quintals of cotton worth ₹10,714 crore through 6.27 lakh transactions with farmers. This includes 21.39 lakh quintals from Yavatmal and 4.79 lakh quintals from Jalgaon districts.
read more:- Heavy rain damages cotton in Shevgaon
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