Knowledge level of farmers about Pradhan mantri Fasal Bima Yojana scheme (PMFBY) in Cuddalore District of Tamilnadu
Bevin. R1, Kalidasan. T2 and Rajaguru. S3
Department of Agricultural Extension, Faculty of Agriculture, Annamalai University - 608002 (India) 3Pushkaram College of Agricultural Sciences, Pudukkottai - 622303 (India)
ABSTRACT
Indian agriculture is said to be ‘gamble ofmonsoon.’Agriculture production and farm incomes in India are frequentlyaffected bynatural disasters such as droughts, floods, cyclones, storms, landslides, and earthquakes etc. Crop insurance is a risk management tool which provides farmers with a minimum amount of protection. Insurance is a transfer of risk from one entity to another, by paying a small amount of premium to avoid a huge loss in future.Crop insurance also aids in maintaining farm income stable by promoting technology, boosting investment, and increasing flow of credit to the agricultural sector.The study was conducted in Cuddalore district of Tamil Nadu state. About 40.84 per cent of the respondents had medium level of knowledge on PMFBY scheme.