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

Ms. N. Bhuvaneshwari and Dr. V. Malarvizhi (Professor)
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Ms. N. Bhuvaneshwari: Ph.D. Research Scholar Avinashilingam Institute for Home Science and Higher Education for Women, Coimbatore
Dr. V. Malarvizhi (Professor): Head, Department of Economics Avinashilingam Institute for Home Science and Higher Education for Women, Coimbatore

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 15, 1442-1450

Abstract: 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

Date: 2025
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