Role of PMFBY in Agricultural Development in Marathwada Region

Marathwada is a one of the region of Maharashtra state. It is known as a drought prone area. More than 50 per cent population are affected due to short rainfall and other Natural hazard. At the same time, more than 70% of total population was depended on agriculture. So the government of India introduced PMFBY in Feb. 2016 for agriculture development. Pradhan Mantri Fasal Bima Yojana (PMFBY) is the one of the largest crop insurance scheme, which is helps to agriculture development. In this study, main focused on performance of PMFBY and agriculture development in marathwada region in Maharashtra state. For detailed study, we collected the secondary data about PMFBY and analyzed on the four indicates I.e. Farmer’s participation, Area covered, Premium and Government Subsidy and Sum Insured