Farmers in India are faced with immense amount of risks arising out of crop losses, particularly because of extreme weather situations, climate change and other such adversities which can prove to be catastrophic for many small and marginal farmers. It is against this backdrop that the development of sustainable mitigation strategies, one of them being crop insurance, comes into picture. In recent times a new crop insurance scheme viz., Pradhan Mantri Fasal Bima Yojana has been launched. This paper looks at various provisions of this scheme to understand how its implementation can be improved. Research in this area by the authors suggests that there is a need to appropriately market such financial products amongst the farmers to improve their adoption rate.
Rajeev et al. (Mon,) studied this question.