India is home to over one-third of all undernourished children worldwide, and it ranks 94th out of 107 nations in the Global Hunger Index 2020. Instability in production and market risks make agriculture a risky business and directly affect farmers’ income levels, thereby impacting food security. This review aimed to understand various features of different crop insurance policies in India and to analyze the Pradhan Mantri Fasal Bima Yojana’s (PMFBY) impacts on Indian farmers. A literature search was performed in all popular databases, including Scopus, Web of Science, ProQuest, AGRICOLA, AGRIS, and Google search engines, as well as annual Indian government reports. The keywords “Crop Insurance” OR “Pradhan Mantri Fasal Bima Yojana” OR “National Agriculture Schemes” AND “India” were searched to obtain relevant articles. By using cumulative data, we conducted a multiple regression analysis and a model was developed to estimate the effects of insurance characteristics on farmer coverage for the years 2017–2018 and 2018–2019. Agricultural insurance coverage under PMFBY remained low in terms of the number of farmers insured, the area insured, claims paid, and total farmers benefited. Compared to other schemes, the beneficiary and claim premium ratios were substantially lower under the PMFBY. The multiple regression analysis showed that farmers’ premiums have a significant effect on the number of farmers insured over time, although the subsidies do not have a significant influence in farmers’ insurance participation. Delays in claim settlement, the complexity of the system, and a lack of awareness among farmers are the major weaknesses of the PMFBY. Greater use of digital media could help spread awareness of these schemes among farmers.
3 November 2023 in Journal of Law and Sustainable Development
Introduction: Social concerns without businesses and businesses without social consideration are anti-developmental. However, balancing both simultaneously is arduous and challenging. Nevertheless, social entrepreneurship has proven that it could be balanced simultaneously. Objective: The study aims to comprehend how the multipronged SDGs could be achieved through social entrepreneurial activities in India & South Africa. Albeit, both nations have distinct features in terms of geographically, demographically, religiously, and culturally. Methods: The study randomly selected the samples from both countries & used the case study approach of qualitative research. Results: The study shows that the selected cases from both nations focus mainly on waste management, social inclusion and women empowerment. Most of the case studies were working for waste management in both countries, where they aimed to reduce plastic pollution, i.e., both the nation's critical problems at the current time. However, due to contextual embeddedness, these social enterprises adopt different techniques to achieve these multipronged SDGs in both countries. Besides, they also generate employment opportunities for the people and help to reduce poverty in both countries. Few other case studies have impinged on women's empowerment and social inclusion, particularly disabled people. Conclusion: The study concludes by saying that additional work needs to be done to develop the concept further and that the government should offer incentives for adopting this concept since, with the aid of social entrepreneurs, the government may accelerate its progress towards the accomplishment of sustainable development goals.
About Me
Punjabi school of economics Guru Nanak Dev university Amritsar punjab india
Punjabi school of economics Guru Nanak Dev university Amritsar punjab india