Analysis of the Pradhan Mantri Fasal Bima Yojana in Barabanki District, Uttar Pradesh

Abstract

The Pradhan Mantri Fasal Bima Yojana (PMFBY), launched in 2016, aims to provide financial protection to farmers against crop losses due to natural calamities. This study presents an empirical analysis of PMFBY in Barabanki district of Uttar Pradesh over the period 2017-2025, using secondary data obtained from official government sources.

The study examines key performance indicators such as the number of insured farmers, area covered, premium collected, claims paid, and claim settlement ratio. After the scheme was launched in 2016, the Pradhan Mantri Fasal Bima Yojana performed very well in all sectors. Although fluctuation occurs between districts. In this paper, we analyse the performance of PMFBY in Barabanki district.

The claim settlement ratio was almost in good condition during the study period, but there was moderate efficiency in claim disbursement. These are the main challenges of crop insurance schemes, current as well as previous. However, delays in settlement and discrepancies in claim amounts were observed in certain years. A positive correlation was found between premium collected and claims paid, suggesting a consistent relationship between risk coverage and compensation.

The study concludes that while PMFBY has improved risk mitigation for farmers in Barabanki district, issues related to timely claim settlement and awareness need to be addressed. Strengthening institutional mechanisms and improving data transparency can enhance the overall effectiveness of the scheme. This study suggests measures for policy framework for better performance on the ground level.

Keywords: Crop insurance, Barabanki, PMFBY, Uttar Pradesh, farmers, Premium, Barabanki