Inter - State Changes and Government Initiative for Policy Support Pradhan Mantri Fasal Bima Yojana (PMFBJ)-An Empirical Analysis

The evolution of crop insurance in India spans nearly half a century, shaped by insights from various pilot studies and review committees. The first nationwide initiative the Comprehensive Crop Insurance Scheme was launched in 1985–86 marking a significant milestone in agricultural risk management. This scheme was later replaced by the National Agricultural Insurance Scheme in 1999–2000 followed by the introduction of the Weather-Based Crop Insurance Scheme in 2007–08 and subsequently the Modified National Agricultural Insurance Scheme in 2010–11. Except for WBCIS which was the only index-based insurance scheme all other programs operated on an indemnity-based model. Moreover, these schemes adopted an area-based approach rather than an individual-based one. In line with the “One Nation – One Scheme” concept, the Government of India launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) as its flagship crop insurance program. The primary objective of PMFBY is to provide financial support to farmers in the event of crop loss caused by pests, diseases, hailstorms, droughts, or floods. Under this model, farmers pay a nominal premium, while the central and state governments share the remaining subsidy. PMFBY offers comprehensive coverage for a wide range of crops across all stages of the crop cycle from pre-sowing to post-harvest losses. Administered by agricultural insurance companies, the scheme aims to minimize farmers’ financial vulnerability and promote sustainable rural livelihoods. Consequently, the present study focuses on analyzing government-paid and reported claims, as well as examining the extent of benefits availed by farmers under the PMFBY framework

Scheme, Government support and harvest

1. Asha Priyanka Paulraj and Nandakumar Easwaran (2020) Evaluation of ‘Revamped’ Crop Insurance Pradhan Mantri Fasal Bima Yojana (PMFBY) among Paddy Farmers in Tamil Nadu, India, Current Journal of Applied Science and Technology, Vol. 39(34): pp. 66-77. [Google Scholar] [Crossref]

2. Chauhan And Patel (2021) “Relationship Between Profile and Knowledge Level of Member Farmers of Gram Panchayat About Pradhan Mantri Fasal Bima Yojana” Vol. 32: Issue 1: December 2021 [Google Scholar] [Crossref]

3. Darshan, Y., Ramakrishnan, K., Pushpa, J., & Prabakaran, K. (2021). Knowledge of Beneficiaries about Pradhan Mantri Fasal Bima Yojana in Tumkur District of Karnataka. Madras Agricultural Journal, 108 (special), 1. [Google Scholar] [Crossref]

4. Meena, S. K., Wakle, P. K., More, S. D., Badhala, B. S., & Meena, D. K.(2022). Knowledge and Attitude of Farmers towards Pradhan Mantri Fasal Bima Yojana (PMFBY). Asian Journal of Agricultural Extension, Economics & Sociology, 40(11), 562-568. [Google Scholar] [Crossref]

5. Rohtas & Vandana Sheoran (2024), “Comparative Analysis of Awareness and Benefits: Pradhan Mantri Fasal Bima Yojana among Insured and Non-Insured Farmers in Haryana”, Indica’, Journal of the Heras Institute of Indian History and Culture Vol.-62, Issue-VI, pp. 183-194. [Google Scholar] [Crossref]

6. Ruchbah Rai (2019) “Pradhan Mantri Fasal Bima Yojana: An Assessment of India’s Crop Insurance Scheme” MAY 2019 ISSUE NO. 296. [Google Scholar] [Crossref]

7. Skees J, Hazell P, Miranda M. New approaches to public / private crop yield insurance. The Washington, DC, USA: The World Bank; 1999. Available: http://siteresources.worldbank.org/INTCOMRISMAN/Resources/pubprivyieldinscopy.pd [Google Scholar] [Crossref]

8. Vikas Kumar and Meena Rani “Assessing the performance of Pradhan Mantri Fasal Bima Yojana in India” International Journal of Advanced Research and Development, ISSN: 2455-4030, Volume 8, Issue 2, 2023, Page No. 27- 32. [Google Scholar] [Crossref]

9. Website reference [Google Scholar] [Crossref]

10. Pradhan Mantri Fasal Bima Yojana - Wikipedia [Google Scholar] [Crossref]

11. https://static.pib.gov.in [Google Scholar] [Crossref]

12. https://pwonlyias.com/pradhan-mantri-fasal-bima-yojana [Google Scholar] [Crossref]

• Impact of Foreign Direct Investment in India
• Issues Involved in Digitalisation Special Reference to Indian Tourism Growth
• Relationship Marketing and Customer Loyalty in the Fast-Moving Consumer Goods (FMCG) Industry in Nairobi County
• Financial Literacy or Financial Inclusion? Which is Which, What is What—To Achieve Uganda’s 10-Fold Economic Growth By 2040
• Harnessing Natural Gas for Economic Transformation: Overcoming the Regulatory and Infrastructural Bottlenecks in Nigeria