The Pradhan Mantri Fasal Bima Yojana, brought out in 2016, has opened crop insurance to the private sector at the national-level. The PMFBY suffers from a serious problem of lack of regulation, with there being no independent mechanism to verify the validity of data provided by insurance companies, according to Vikas Rawal, a professor of Jawaharlal Nehru University. Referring to …
