Relationship between Profile and Knowledge Level of Farmers about Pradhan Mantri Fasal Bima Yojana Scheme in Cuddalore District of Tamil Nadu, India

Abstract

Agriculture has always been a risky profession. Unlike the industrial sector it is subjected to the vagaries of the nature. It is facing so many difficulties such as drought, floods, cyclones, pest, diseases etc. The present need is protecting the famers from financial losses arising due to natural calamities. The government gives protection to farmers in the way of crop insurance scheme. The recently launched crop insurance scheme is the Pradhan Mantri Fasal Bima Yojana, which is a kind of a “One Nation-One scheme” launched in the year 2016. Crop insurance is an important risk management tool used by farmers for stabilizing farm income against crop failure due to different types of natural calamities which reduce the production. Keeping in mind the importance of crop insurance scheme, the present study was undertaken to study on relationship between profile characteristics and knowledge level of farmers about Pradhan Mantri Fasal Bima Yojana scheme in Cuddalore district. The study revealed that about 40.84 per cent of the respondents had medium level of knowledge regarding PMFBY scheme. The variables educational status and farming experience were found to be significant at 1 per cent level of probability.