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Performance of the Pradhan Mantri Fasal Bima Yojana
The Pradhan Mantri Fasal Bima Yojana was launched as the fl agship farm insurance scheme in 2016. In Maharashtra, the coverage under the scheme shows a skew, with the drought-prone districts in Marathwada and Vidarbha showing higher coverage under insurance as compared to the districts in Konkan.
A study across three districts points to the need for taking aggressive strides in terms of introducing technology as a means to trigger early payments. Seeding bank accounts with Aadhaar and with data on land titles needs to be expedited to plug the loopholes in insurance payouts.
This article is based on a study that was carried out by the Agro Economic Research Centre at Gokhale Institute of Politics and Economics. It was funded by the Ministry of Agriculture and Farmers’ Welfare, Government of India (GoI).
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