Abstract
Pradhan Mantri Fasal Bima Yojna (PMFBY) is a crop-based insurance policy designed to help farmers who have suffered crop loss or damage. During the year 2020-21, a research conducted in the Tumkur district of Karnataka the showed the highest number of insurance units (895) compared to other districts of the Karnataka . The findings of the study revealed that the majority of the beneficiaries (52.50 %) had a medium knowledge level about Pradhan Mantri Fasal Bima Yojana. The study’s findings underline the importance of profile characteristics namely education, landholding, material possession, extension agency contact, source of information, innovativeness, training attended, economic motivation and mass media exposure that had a positively significant relationship at one per cent level of probability. Whereas variables such as annual income and social participation had a positively significant relationship at five per cent level of probability with beneficiaries’ level of knowledge. On the other hand, Crop loan availability and disaster occurrence pattern had no significant relationship with the knowledge level of the beneficiaries about Pradhan Mantri Fasal Bima Yojana.
Highlights
Agriculture is the economic backbone of india
Knowledge was defined in this study as the quantity of information received and kept by the beneficiaries on the scheme of Pradhan Mantri Fasal Bima Yojana
It is critical to assess their understanding of the Pradhan Mantri Fasal Bima Yojana, which is highly recommended
Summary
Agriculture is the economic backbone of india. Agriculture employed 41.49 per cent of the workforce in 2020 and its contribution to GDP climbed to 19.90 per cent in 2020-21, up from 17.80 per cent in 2019-20 (Directorate of Economics and Statistics). Over two-thirds of India’s agricultural land is rain-fed. In India, agriculture referred to as a “Gamble of Monsoon.”. Because agriculture was more reliant on the weather, even small change in any stage of the crop can have an impact on crop growth and on farmers’ livelihoods. Natural calamities such as drought, cyclones, floods, landslides, storms, and earthquakes threaten productivity of crops and farm income on a regular basis. Aside from natural catastrophes, there are man-made disasters such as pesticides, fires, sale of phoney seeds, price crashes, fertilisers, and so on
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