INSIGHTS INTO THE NEW CROP INSURANCE SCHEME IN HARYANA STATE.
- Asst. Professor, University School of Management, KUK.
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Agriculture is undoubtedly risky, and the risk of a bad year discourages farmers from investing in high-yielding activities. By building resilience, agricultural insurance can help farmers improve their productivity and provide food security. The Indian government has therefore implemented a new agricultural insurance scheme, the Pradhan Mantri Fasal Bima Yojana (PMFBY). Pradhan Mantri Fasal Bima Yojana (PMFBY) is the new crop insurance scheme launched by Central Government. PMFBY will replace the existing two schemes National Agricultural Insurance Scheme as well as Modified NAIS which have had some inherent drawbacks. Pradhan Mantri Fasal Bima Yojana implemented in every state of India, with association with the respective State Governments. The present study is an attempt to understand the different issues and strategies related to implementation of Pradhan mantra fasal bima yojna in Haryana state. The study concludes with the recommendations that there is a strong need of the hour to educate rural people with regards to Insurance as a concept and as a product for effective implementation of this new crop insurance scheme.
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[Pradeepika. (2017); INSIGHTS INTO THE NEW CROP INSURANCE SCHEME IN HARYANA STATE. Int. J. of Adv. Res. 5 (Jul). 1797-1802] (ISSN 2320-5407). www.journalijar.com
