INTERNATIONAL JOURNAL OF ADVANCE RESEARCH
IN MULTIDISCIPLINARY

The official and most efficient way for farmers to reduce their agricultural risk is through crop insurance. The Indian government has implemented numerous crop insurance programs both before and after independence. This paper's main goal is to examine the Pradhan Mantri Fasal Bima Yojana's state- and season-level performance from 2019 to 2022. The effectiveness is evaluated from 2019 to 2022 in terms of the number of loanee farmers covered, the number of non-loanee farmers covered, the area insured, the amount insured, the premiums collected, the claims paid, and the number of farmers who benefited. Only a few States, like Madhya Pradesh, Rajasthan, Maharashtra, Karnataka, and Uttar Pradesh are benefiting from this program, according to a straightforward percentage analysis that was used. The study's findings show that although participation in the program has steadily increased, it is still far from meeting the goals that were established when it was first implemented. PMFBYS has been running in Karnataka for six years, from 2016 to 2022.