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Role of Pradhan Mantri Fasal Bima Yojana (PMFBY) in Agricultural Development and Farmer Welfare in Tamil Nadu

Author

Listed:
  • J Suresh Kumar

    (St. Joseph University)

  • D Shobana

    (St. Joseph University)

Abstract

The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a significant insurance scheme designed to protect Indian farmers against crop failure and environmental uncertainties. This study investigates the program’s influence on encouraging agricultural development and enhancing farmers’ welfare in Tamil Nadu. This research examines key elements, including policy implementation, farmer participation, and the influence of insurance coverage on income stability, utilising insights from an extensive literature review and secondary data analysis. The results indicate that PMFBY has enhanced financial stability for numerous farmers, however it encounters ongoing obstacles such as insufficient awareness, bureaucratic inefficiencies, and inconsistent regional outreach. These findings underscore the need for targeted interventions to enhance program effectiveness and expand its benefits for the most disadvantaged farmers. This research advances the discourse on agricultural insurance in India, offering essential insights for the reform and strengthening of systems that support farmers.

Suggested Citation

  • J Suresh Kumar & D Shobana, 2024. "Role of Pradhan Mantri Fasal Bima Yojana (PMFBY) in Agricultural Development and Farmer Welfare in Tamil Nadu," Shanlax International Journal of Economics, Shanlax Journals, vol. 13(1), pages 33-46, December.
    • Handle: RePEc:acg:journl:v:13:y:2024:i:1:p:33-46
    DOI: 10.34293/economics.v13i1.8358
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    References listed on IDEAS

    as
    1. Rajesh Tiwari & Khem Chand & Bimal Anjum, 2020. "Crop Insurance in India: A Review of Pradhan Mantri Fasal Bima Yojana (PMFBY)," FIIB Business Review, , vol. 9(4), pages 249-255, December.
    2. Sandeep Kaur & Hem Raj & Harpreet Singh & Vijay Kumar Chattu, 2021. "Crop Insurance Policies in India: An Empirical Analysis of Pradhan Mantri Fasal Bima Yojana," Risks, MDPI, vol. 9(11), pages 1-26, October.
    Full references (including those not matched with items on IDEAS)

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