Business Standard

Fixing farm insurance

PMFBY has been falling short of expectations

agriculture, farming, farmer, crop, crop insurance

In Tamil Nadu, the insurers had one of the highest claim ratios, exceeding 300%

Business Standard Editorial Comment Mumbai
The woes of the government’s flagship crop insurance scheme — the Pradhan Mantri Fasal Bima Yojana (PMFBY) — seem to persist despite a slew of modifications in the format since its launch in 2016. Six states have exited from it and now Maharashtra has also indicated that it might do so because the farmers are, by and large, dissatisfied with it. The leading agricultural state, Punjab, never joined it. Those that tried it and opted to quit include Gujarat and Bihar, both run by the National Democratic Alliance, besides other states like Andhra Pradesh, Telangana, Jharkhand, and West Bengal. The

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 17 2022 | 11:12 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to