 "Farmers")
The Pradhan Mantri Fasal Bima Yojana (PMFBY), the flagship crop insurance scheme of the Narendra Modi government, has entered its third year of operation, albeit with a substantial decline in farmers' enrolment in its second year, the data reveals.
Between FY16 and FY17, the number of farmers enrolled in the scheme declined from about 57.3 million to about 48.5 million, a fall of around 15 per cent.
Despite the fall in the number of enrolments, both premium and claims increased substantially over the last financial year. As a result, the premium rates quoted by insurance firms to the government this year are
