Pradhan Mantri Fasal Bima Yojana: An Assessment

Centre for Science and Environment (CSE) released the first detailed independent evaluation and analysis of the Pradhan Mantri Fasal Bima Yojana (PMFBY) – government’s flagship national agricultural insurance programme. Across the world, agriculture insurance is recognised as an important part of the safety net for farmers to deal with the impacts of extreme and unseasonal weather due to climate change. Releasing the report at a national-level media briefing in New Delhi, CSE’s deputy director general Chandra Bhushan said: “The Pradhan Mantri Fasal Bima Yojana is a far superior scheme than the previous agricultural insurance schemes. However, at the state level, its vision is diluted and at the district level, its implementation is seriously compromised. PMFBY is a classic case of poor implementation of a good scheme.” This assessment is based on our field study in Haryana, Tamil Nadu and Uttar Pradesh, as well as national level engagement with various stakeholders including farmer and farmers organisations, insurance companies and government departments, Bhushan added.