Published Paper Details:

Agriculture is the backbone of India's economy, yet it remains highly vulnerable to climate variability, natural calamities, and market fluctuations. The Pradhan Mantri Fasal Bima Yojana (PMFBY), launched in 2016, represents a significant policy initiative by the Government of India to promote sustainable and resilient agriculture through a comprehensive crop insurance framework. The scheme aims to provide financial protection to farmers against crop losses arising from natural disasters, pests, and diseases, thereby ensuring income stability and reducing agrarian distress. By introducing affordable premium rates, leveraging technology-based assessment tools like remote sensing and drones, and ensuring transparent claim settlement, PMFBY fosters risk management and enhances farmers' confidence in agricultural production. In doing so, it not only supports the economic well-being of farmers but also contributes to the broader goal of sustainable agricultural growth. However, challenges such as delayed compensation, limited awareness, and administrative inefficiencies need to be addressed to realize its full potential. Overall, PMFBY is a vital step towards building a climate-resilient and sustainable agricultural ecosystem in India.