A Study on Performance of PMFBY and Its Impact on Agriculture Sector
Author : A Dhivyadharshini and Dr. MD Chinnu
Abstract :
The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a flagship crop insurance scheme introduced by the Government of India to provide financial protection to farmers against crop losses caused by natural calamities, pests, and diseases. This study examines the performance of PMFBY and its impact on the agricultural sector in India. Both primary and secondary data are used to analyse the effectiveness of the scheme in improving farm income stability and encouraging agricultural investment. The findings indicate that PMFBY has contributed positively by offering risk coverage and promoting confidence among farmers; however, challenges such as delayed claim settlements, lack of awareness among small and marginal farmers, and administrative issues continue to limit its overall effectiveness.
Keywords :
PMFBY, Crop Insurance, Agricultural risk, Farmer welfare, Rural Development, Sustainability, Climate risk, Farmer awareness.
