Agricultural Insurance for Agricultural Development in India: Issues and Experience

Lokesha M N

Crop Insurance, Diversification, Specialisation, Risk sharing

Farming is the foundation of the Indian economy, with two-thirds of the population depending on it for their livelihood. Only 40 percent of agricultural land in India is irrigated, while the rest is exposed to unpredictable weather patterns. As a result, agriculture is vulnerable to various risks and highly dependent on the weather. Crop yields and farmer incomes in India often suffer from natural disasters like droughts, floods, cyclones, storms, landslides, earthquakes, etc. The susceptibility of farming to these calamities is intensified by disease outbreaks and human-induced disasters such as fires, sale of counterfeit seeds, fertilizers and pesticides, price crashes, etc. All these events severely impact farmers through loss of yield and income, and are beyond their control. With the increasing commercialization of agriculture, the magnitude of loss due to adverse events is rising. But agricultural insurance is seen as an important mechanism to effectively address the risks to output and income arising from various natural and man-made events.

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"Agricultural Insurance for Agricultural Development in India: Issues and Experience", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.4, Issue 6, page no.1-10, June-2019, Available :https://ijnrd.org/papers/IJNRD1906001.pdf

Volume 4 Issue 6, June-2019

Pages : 1-10

Paper Reg. ID: IJNRD_217957

Published Paper Id: IJNRD1906001

Downloads: 00077

Research Area: Engineering

Country: -, -, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD1906001

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD1906001

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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