Crop Insurance in India: A Review of Pradhan Mantri Fasal Bima Yojana (PMFBY)-Reference-Cited by-同舟云学术

Crop Insurance in India: A Review of Pradhan Mantri Fasal Bima Yojana (PMFBY)

Published:2020-11-06 Issue:4 Volume:9 Page:249-255
ISSN:2319-7145
Container-title:FIIB Business Review
language:en
Short-container-title:FIIB Business Review

Author:

Tiwari Rajesh¹^ORCID,Chand Khem²,Anjum Bimal³

Affiliation:

1. United College of Education, Greater Noida, Uttar Pradesh, India

2. Asia Pacific Institute of Information Technology SD India, Panipat, Haryana, India

3. DAV College, Chandigarh, India

Abstract

Farmers in India have been the victim of systemic neglect and live a marginalized life. Crop failure due to natural calamities and unfavourable climatic conditions puts farmers in a challenging situation leading to extreme hopelessness and suicides. This article provides an overview of the crop insurance scheme, Pradhan Mantri Fasal Bima Yojana (PMFBY) launched in India by Mr. Narendra Modi in 2016. PMFBY has poor state support, unviable subsidy model, delayed claim settlement and skewed benefit pattern. A technology-enabled demand-driven approach is recommended. Crop insurance should be delinked from political affiliation. Velocity, variety and verifiability in PMFBY will make crop insurance scheme work better for farmers than insurers, administrators and politicians.

Publisher

SAGE Publications

Subject

Organizational Behavior and Human Resource Management,Strategy and Management,Business, Management and Accounting (miscellaneous),Business and International Management

Link

http://journals.sagepub.com/doi/pdf/10.1177/2319714520966084

Reference11 articles.

1. Why Ethnic Parties Succeed

2. Demand for temperature and rainfall index insurance in India

3. Adaptive capacity contributing to improved agricultural productivity at the household level: Empirical findings highlighting the importance of crop insurance

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