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Performance of major crop insurance schemes of India

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Title Performance of major crop insurance schemes of India
Not Available
 
Creator Pramendra
Dipika hajong
 
Subject Agriculture, coverage claim, crop insurance, farmer, premium and scheme.
 
Description Abstract
Indian agriculture is subjected to vagaries of adverse weather conditions. In
recent times, three major crop insurance schemes are implemented in India until
2016 viz., National Agriculture Insurance Scheme (NAIS), Modified National
Agriculture Insurance Scheme (MNAIS), Weather Based Crop Insurance
Scheme (WBCIS) and the ongoing Pradhan Mantri Fasal Bima Yojana
(PMFBY) were considered for the purpose of coverage and financial
performance of the study. The study was based on secondary data collected
from various sources. Basic information regarding the coverage and
performance of these schemes was summarized. NAIS has covered around
271.1 million farmers from 1999 to 2015-16. The claim premium ratio was
highest for NAIS indicating that the claims were 3.67 times more than the gross
premium. Average claim per farmer was highest in case of MNAIS (Rs.
1973.19) and minimum was in WBCIS (Rs.1335.44). Claim to premium ratio
was highest under the NAIS. Season wise cumulative annual growth rate for all
three schemes over the study period was estimated. The variation between
farmers insured and farmers benefited was lower in NAIS and higher in
MNAIS both seasons. The variation between the schemes was much higher due
to more difference in data between initial years to final year. Under PMFBY
scheme, the highest number of farmers from Uttar Pradesh were insured (5.9
million) and lowest in Kerala. Maximum farmers were benefited under PMFBY
in Tamil Nadu (73.36 percent) and claim premium ratio was also high in this
state. Cropped area insured under paddy, coarse cereals and fruit crops showed
increasing trends over the years. NAIS among all the schemes better on the
basis of performance over the time period.
Not Available
 
Date 2019-04-22T12:40:29Z
2019-04-22T12:40:29Z
2019-02-01
 
Type Presentation
 
Identifier Not Available
Not Available
http://krishi.icar.gov.in/jspui/handle/123456789/18769
 
Language English
 
Relation Not Available;
 
Publisher 13th ICDD