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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Impact Factor : 8.14

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Paper Title: Socio Economic study on Pradhan Mantri Fasal Bima Yojana with special reference to Haryana state
Authors Name: Arpit Charan , Priya
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IJRTI_185152
Published Paper Id: IJRTI2301051
Published In: Volume 8 Issue 1, January-2023
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Abstract: The first agricultural insurance scheme was started in the financial year 1972-73 when the general insurance corporation of India introduced a crop insurance scheme on H-4 cotton and later included groundnut, wheat and potato. This scheme was based on individual approach and implemented in six states on voluntary basis. This scheme was continued till 1978. Indian economy is primarily depends on Agriculture sector, its around two third population of India is dependent on agriculture and its dependency continuous incessant. Agriculture is a highly risky venture due to both uncertainty in crop production and volatility in prices. Production of agriculture depends on various climatic parameters like temperature, rainfall, sunshine and humidity; this causes a major problem for producers and consumers as well. Agricultural production is a kind of risk business and farmers face many risks. Being the base of most of the developing economies around the world, agriculture of risk possesses considerable threat to the income and general price stability of those countries. This unexpected risk of agriculture cannot be alleviated fully but it can be reduced to certain per cent with the help of insurance. Thus insurance is the phenomenon to control the risk in agriculture particularly to safeguards farm income losses under unfavorable weather condition. Crop insurance tends to protect the farmers against such misfortunes by covering risks in agriculture. To provide financial support and reducing crop loss government has launched various crop insurance schemes in India.
Keywords: Pradhan Mantri Fasal Bima Yojana agricultural insurance
Cite Article: "Socio Economic study on Pradhan Mantri Fasal Bima Yojana with special reference to Haryana state", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.8, Issue 1, page no.328 - 330, January-2023, Available :http://www.ijrti.org/papers/IJRTI2301051.pdf
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ISSN: 2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publication Details: Published Paper ID: IJRTI2301051
Registration ID:185152
Published In: Volume 8 Issue 1, January-2023
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Page No: 328 - 330
Country: Jalor, RAJASTHAN, India
Research Area: Arts
Publisher : IJ Publication
Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2301051
Published Paper PDF: https://www.ijrti.org/papers/IJRTI2301051
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ISSN: 2456-3315
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