Author(s):

Sushree Purabi Panigrahi, Debasmita Nayak, Mita Meher and Dr. B Parasar

Abstract: India lives in villages and major part of the population earns its livelihood from agriculture. This sector contributes 17% to the GDP. Despite technological and economic advancements, the condition of farmers continues to be unstable due to natural calamities and price fluctuations. The impact of this variability is highlighted in drought years with news of farmer suicides in many parts of the country. In India crop insurance is one of the instruments for protecting farmers from agricultural variability. Pradhan Mantri Fasal Vima Yojana is an initiative of Government of India to provide insurance coverage and financial support to the farmers. Constraints, huddles, bottlenecks, problems and hindrances are all such words which prevent an individual to reach at destination, undertake action as per the decision or achieving a stated objective. Unfavorable attitude towards the scheme, high premium rate, lack of information regarding the scheme and huge time gap to get the compensation are the major constraints faced by the respondent farmers.

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