Awareness on Pradhan Mantri Fasal Bima Yojana scheme among farmers: An empirical analysis
Dr. P Santhi, Sangeetha S
Crop insurance is an inevitable insurance cover to be purchased by farmers and agricultural producers to guard against the loss of crops due to natural disasters. It ensures the farmers stability of income and acts as a tool to manage their yield. The PMFBY Scheme is in line with the theme of One Nation – One Scheme. It incorporates the best features of the previous schemes and also overcoming the previously existing short comings. Creating and enhancing awareness and knowledge of farmers on the new scheme would helping popularising the scheme among farming community. Thus the study is conducted on comparing the level of awareness about the scheme among farmers with the sample size of 150 respondents comprising of 75 farmers covered under the scheme and 75 farmers not covered under the scheme. The study found that a high level awareness on the scheme is prevailing among farmers who are covered under the scheme when compared to other farmers.