PERFORMANCE EVALUATION OF PMFBY IN MAHARASHTRA STATE

Introduction: `Maharashtra is a 15th rank India in agricultural output. In 2019, agriculture and allied sectors like forestry, logging and fishing represented 13.12% of the GDP. Maharashtra took 3rd rank in population as a compare to other states. At the time of independence, more than one-half of the national income was contributed by agricultural. At the same time, more than 70% of total population was depended on agriculture. The agriculture secures faces the lot of challenges due to uncertainties in agriculture i.e. natural and artificial hazards especially Maharashtra state. Still, more people in India make money for their livelihood from this sector, than from all other economic sectors. In rural India, households that depend upon income from agriculture (either self-employed or as agricultural workforce) accounted from nearly 70% of the population. According to the World Bank collection of development indicator, employment in agriculture in India was reported 41. 49 percent in 2020. All this facts & figures show that, the need for the development of agricultural sector in India. Maharashtra has reached the stage of self-sufficiency but it is still cursed by nature. This poses a great risk to state farmers in agricultural production and on their way. It has been observed that fluctuations in crop production in the Indian also in Maharashtra subcontinent are mainly due to natural uncertainties such as droughts, floods, cyclones, storms, landslides, earthquakes etc. The government of India was introduced crop Insurance scheme to face these challenges. Pradhan Mantri Fasal Bima Yojana (PMFBY) is the one of the largest crop insurance scheme, which was introduced in Feb. 2016. In this study, main focused on performance of PMFBY in Maharashtra state from last five years