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5)Pradhan Mantri Fasal Bima Yojana requires an urgent fix. Discuss. (250 words)

Topic: transport and marketing of agricultural produce and issues and related constraints

5)Pradhan Mantri Fasal Bima Yojana requires an urgent fix. Discuss. (250 words)

Financial express

Indian express


Why this question

PMFBY was initiated with much fanfare and was expected to resolve the problems related to agricultural insurance in India. However, the experience so far has been contrary to expectations which raises the question that what reforms are required in the scheme. Hence this question becomes important.

Key demand of the question

The question is enquiring whether PMFBY is in need of a fix. The following points are this required to be brought out

  • Details of PMFBY
  • The performance of PFFBY so far – whether it has helped in improving the situation of crop insurance and details of the shortcomings
  • Whether or not and if yes, what reforms are required in PMFBY
  • Way forward

Directive word

Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.

Structure of the answer

Introduction – mention that agricultural insurance did not pick up in India which was causing issues for farmers and hence PMFBY was brought in


  • Details of the scheme
  • Analyze the performance – how successful has it been in changing the status quo. How have the new principles in PMFBY performed. Highlight the shortcomings in terms of achievement
  • Examine why the scheme has not met expectation which would form the basis of why reforms are needed
  • Mention the reforms that are needed to make the scheme successful.

Conclusion – Discuss the significance of the success of PMFBY for agriculture in India and way forward.