The study delves the dynamics of farm pond adoption and operational efficiency in the Vidarbha and Marathwada regions of Maharashtra during 2022-23. Through a combination of quantitative and qualitative methods, data were collected from 160 beneficiaries and 160 non-beneficiaries, employing focus group discussions and structured interviews. Agricultural risks were examined, revealing a significant impact on farm income. Challenges such as low ground water table (MS 0.978), high temperatures (MS 0.966), and least evapotranspiration (MS 0.759) affected farmers' livelihoods, underscoring the need for a multidisciplinary approach to address these issues. The study highlights factors influencing farm pond adoption, with high awareness (96.56%) contrasting with lower adoption rates (51.56%). Adopters cited increased water access (22.81%), and relief from water scarcity (20%) as motives. Non-adopters faced barriers like financial constraints (21.88%) and land shortage (18.75%). Farm pond characteristics were comprehensively explored, revealing variations in size, structure, year of adoption, and irrigation sources. Maintenance activities were examined, showcasing key areas for pond health. Regular inspection (31.88%), vegetation management (17.50%), sediment removal (25.63%), and erosion prevention (19.38 %) emerged as crucial tasks, with variations between the regions. Financial aspects of pond construction and maintenance were elucidated, indicating a need of subsidies. Despite widespread awareness of farm pond benefits, adoption rates remained constrained by financial limitations, land availability, and awareness gaps. The study underscores the importance of targeted interventions, including financial aid, technical guidance, and capacity-building. These efforts are essential for promoting widespread adoption, enhancing agricultural productivity, water management, and the resilience of farming communities in both regions.