Vol. 12, Special Issue 12 (2023)

Author(s):
Harshini V, Shashidhara KK, SB Goudappa, Basavaraj Hulagur and BS Reddy

Abstract:
The Pradhan Mantri Fasal Bima Yojana (PMFBY) is an Indian agricultural insurance initiative aimed at safeguarding farmer’s livelihoods against crop loss from natural calamities. The investigation was carried out in Bidar and Kalaburgi districts of Karnataka. Ex-post facto research design was employed. The sample comprised 120 respondents, with 80 being PMFBY insured farmers and 40 being non-insured farmers. Collected data was analysed using frequency, percentage and Mean Percent Score. It was revealed that in case of insured farmers, three fifth of insured farmers have medium level of perception followed by 23.75 percent have high perception and remaining 16.25 percent have low perception. In case of non-insured farmers it was revealed that, 67.50 percent have low level of perception followed by 27.50 percent have medium perception and only 05.00 percent have high perception. In case of insured farmers Mean Percent Score was highest in the statement scheme is an improvement over the previous crop insurance scheme (93.75%) and in case of non-insured farmers highest mean percent score (89.13%) was there is nothing new in the scheme it is just an old wine in a new bottle. It revealed a substantial and statistically significant contrast in the mean ranks when assessing the perceptions of the PMFBY (Pradhan Mantri Fasal Bima Yojana) crop insurance scheme between insured and non-insured farmers.