Pradhan Mantri Fasal Beema Yojana- A study of Farmers Perception at Dayalpur Village in Kurukshetra

Abstract

in India livelihood of farmers is dependent on the pattern of monsoon which makes Indian agriculture a risky sector. In order to de risk the Indian farmer, the Government of India keeps on taking several initiatives in this regard and Pradhan Mantri Fasal Beema Yojana is the latest scheme introduced with effect from January 2016. The present paper assesses the farmer 's perception about the Yojana in Dayalpur village of Kurukshetra district. The results noticed that of the hundred farmers reached out in the Dunyapur village, only thirty three has availed the Yojana and majorly because of the compulsory nature of the scheme. Information from commercial bank was found to be the major source of information and the all farmers found the formalities of the Yojana easy. Majority of the farmers felt that the Yojana has low premium rates and provides reasonable coverage to different kinds of crop loss. Farmers found Yojana to be de-risking agriculture and provided suggestions for making quick settlement of claims and making scheme voluntary in nature.