Efficiency and Potential Gain in Paddy Cropping: A DEA-Prospect Theory Analysis of PMFBYS in Karnataka
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The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance scheme launched by the Indian Government to provide financial security to farmers in the event of crop loss or damage. This study examines the performance of PMFBYS in insuring paddy crops in Karnataka using Data Envelopment Analysis (DEA) and analyzes farmers' decision-making behavior regarding crop insurance using Prospect Theory. The study was carried out from 2016 to 2022. Data on inputs such as farmer share premium, claim amount, sum insured, and outputs such as the number of farmers enrolled were collected. The study used t
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Efficiency and Potential Gain in Paddy Cropping: A DEA-Prospect Theory Analysis of PMFBYS in Karnataka
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