Citation

Siwach M, Singh B, Kundu KK. Annals of Agri Bio Research 2017; 22(1): 93-98.

Copyright

(Copyright © 2017)

DOI

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PMID

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Abstract

Indian agriculture has turned out to be synonymous with hazard and uncertainty on the ground that near about 90% of the variations in production are brought by changes in natural factors i.e. flood, drought and adverse weather conditions, etc. The low productivity, less income and large amount of loans taken by farmers for agriculture are compelling some of our agriculturists to commit suicide. The Government of India introduced new crop insurance scheme i. e. Pardhan Mantri Fasal Bima Yojana (PMFBY) with the help of Agricultural Insurance Companies to protect farmers from agricultural irregularity in production caused by natural disasters, pests or diseases. The present paper highlights the advancement of all existing crop insurance policies in the light of PMFBY at national level and with special reference to state of Haryana. It reveals that only 4% of the rabi crop and 11 % of the risk-prone kharif crop holding are insured so far (Mahto, 2016). NCIP has an anticipated focus of 50% coverage of farmers by the terminal year of 12th Plan (i. e. 2016-17). The Government of India has made necessary improvement in the segment of plans of MNAIS, WBCIS and CPIS of agricultural insurance. The next section explains the salient features of the PMFBY along with necessary guidelines for implementation of the scheme. The last section critically analyses some shortcomings of the new insurance policy and gives some practical suggestions addressing the long standing demands of farmers. The Government must devote more resources (money, manpower and time) to design the insurance products best suited to farmers according to the distinct agro-environmental regions rather than following one-size-fits - all strategy.

Language: en

Keywords

Environmental region; Hazard; Improbability; One-size-fits-all strategy; Synonymous