Performance Evaluation of Pradhan Mantri Fasal Bima Yojana (PMFBY): A study on selected districts of Haryana

Abstract

This“study evaluates the performance of the Pradhan Mantri Fasal Bima Yojana (PMFBY) in selected districts of Haryana, India. The PMFBY was launched in 2016 to provide crop insurance to farmers to mitigate risks arising from crop failure due to natural disasters. The study examines the effectiveness of PMFBY in terms of farmer participation, claim settlement, and satisfaction levels. Using primary data collected from surveys and interviews with farmers and secondary data from government sources, the research identifies key challenges in the implementation of the scheme in the selected districts. The findings suggest that while the PMFBY has been beneficial in providing financial security, several challenges remain, such as delayed compensation and low awareness among farmers. Policy recommendations are provided to improve the performance and reach of PMFBY in Haryana.”