Assessing the Impact and Performance of PMKSY and PMFBY on Agricultural Productivity in Haryana: An Analysis

Abstract

This study assesses the impact and performance of the PMKSY and the PMFBY on agricultural productivity. To evaluate the impact of these schemes, multiple regression and correlation analyses were employed. Secondary data was utilized from various sources, including reports from the Agriculture Department of Haryana, the Department of Agriculture and Farmers Welfare, the Farmer Portal, and official scheme websites. For PMKSY, correlation analysis indicated a high positive relationship between agricultural productivity and the scheme, with a Pearson correlation coefficient of 0.87. This strong correlation suggests that the implementation of PMKSY significantly influences agricultural productivity. The findings suggest that both PMKSY and PMFBY have a substantial positive impact on agricultural productivity. These schemes significantly contribute to the improvement of agricultural outcomes, as demonstrated by the high correlation and significant regression results. The study underscores the effectiveness of these government initiatives in enhancing agricultural productivity in Haryana.