Browsing by Author "Raj, Hem"

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    Crop insurance policies in india: An empirical analysis of pradhan mantri fasal bima yojana
    (MDPI, 2021-10-27T00:00:00) Kaur, Sandeep; Raj, Hem; Singh, Harpreet; Chattu, Vijay Kumar
    India is home to over one-third of all undernourished children worldwide, and it ranks 94th out of 107 nations in the Global Hunger Index 2020. Instability in production and market risks make agriculture a risky business and directly affect farmers� income levels, thereby impacting food security. This review aimed to understand various features of different crop insurance policies in India and to analyze the Pradhan Mantri Fasal Bima Yojana�s (PMFBY) impacts on Indian farmers. A literature search was performed in all popular databases, including Scopus, Web of Science, ProQuest, AGRICOLA, AGRIS, and Google search engines, as well as annual Indian government reports. The keywords �Crop Insurance� OR �Pradhan Mantri Fasal Bima Yojana� OR �National Agriculture Schemes� AND �India� were searched to obtain relevant articles. By using cumulative data, we conducted a multiple regression analysis and a model was developed to estimate the effects of insurance characteristics on farmer coverage for the years 2017�2018 and 2018�2019. Agricultural insurance coverage under PMFBY remained low in terms of the number of farmers insured, the area insured, claims paid, and total farmers benefited. Compared to other schemes, the beneficiary and claim premium ratios were substantially lower under the PMFBY. The multiple regression analysis showed that farmers� premiums have a significant effect on the number of farmers insured over time, although the subsidies do not have a significant influence in farmers� insurance participation. Delays in claim settlement, the complexity of the system, and a lack of awareness among farmers are the major weaknesses of the PMFBY. Greater use of digital media could help spread awareness of these schemes among farmers. � 2021 by the authors. Licensee MDPI, Basel, Switzerland.
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    PERFORMANCE OF PRADHAN MANTRI FASAL BIMA YOJANA IN HARYANA: A CASE STUDY OF SIRSA AND HISAR DISTRICT
    (DAV College, 2022-03-01T00:00:00) Kaur, Sandeep; Raj, Hem; Singh, Harpreet
    The present paper is an attempt to study the performance and awareness of Pradhan Mantri FasalBima Yojana in four villages of Sirsa and Hisar of Haryana. The study was based on a field survey conducted through random sampling. The survey finds that the coverage of Pradhan Mantri FasalBima Yojana is still low. The causes of its non-adoption include low indemnity level, less coverage of crops, delay in the claim process, lack of cooperation from banks, involvement of various holders at multistage level and many more. It is also found that awareness about Pradhan Mantri FasalBima Yojana is also low as farmers are not aware of implementing cluster insurance companies, low coverage of various risks and crops, delay in claim payments, complex documentation, etc. The awareness of the yojana can be increased by the awareness campaign at the village level. The banks and digital media can also play an important role in increasing its awareness. � 2022 DAV College. All rights reserved.