Performance of Pradhan Mantri Fasal Bima Yojana : Perception of Farmers in Rural Bangalore

Abstract

Crop insurance is an agricultural development program supporting the sustainability of farmers. PradhanMantriFasalBimaYojana crop insurance scheme was introduced to provide insurance cover, financial stability, innovative and modern methods of agricultural practice. The study primarily focuses on the reasons for enrollment, benefits, challenges and suggestions regarding the PradhanMantriFasalBimaYojana with respect to farmers of Rural Bengaluru. A qualitative thematic analysis using a primary study reveals PMFBY as a source of financial security and financial stability with reduced premium that increases the confidence level among the farmers.