How helpful the PMFBY has been to the farmers in fending off the risks? Assess the success of PMFBY and reasons for changes made in it by the roll-out of PMFBY 2.0. 10 marks

Mentor’s comment- https://www.financialexpress.com/opinion/pm-fasal-bima-yojana-2-0-centre-revamps-flagship-scheme-to-ensure-quick-payment-of-claims-to-farmers/2053505/ In the intro, mention the purpose importance of insurance to the farmers. In the body, mention the important role played by PMFBY by citing the figures of its disbursement and how it provided the sort of income security to the farmers. In the next part mention some issues like the late payment … Continue reading How helpful the PMFBY has been to the farmers in fending off the risks? Assess the success of PMFBY and reasons for changes made in it by the roll-out of PMFBY 2.0. 10 marks