Prime Minister’s Fasal Bima Yojana (PMFBY): A Case of Its Implementation in Datia District of Madhya Pradesh (original) (raw)

Agricultural Insurance in India. Problems and Prospects

The challenges of providing insurance to Indian agricultural sector in a manner that is both meaningful and sustaining. Critical assessment of the existing initiative and present possible options for improvement are presented. [NABARD Occasional Paper No. 44]. URL:[http://www.nabard.org/fileupload/DataBank/OccasionalPapers/OC%2044.pdf\].

Lived Anomaly- How to enable farmers in India to cope with extreme weather events'

This report was triggered from the recent unprecedented unseasonal rain and hailstorms in early 2015 that devastated crops across the country clearly shows that our farming community is highly vulnerable to such events. Agriculture in many parts of India is passing through a difficult phase because of the increasing frequency and intensity of unseasonal and extreme weather events. These events are wiping out hard-earned gains of economic development and poverty alleviation in our country.Degree of vulnerability is so high that many farmers committed suicide or died due to shock because they were unable to withstand sudden crop loss. Our assessment report delves into the issues related to crop loss estimation, relief and compensation.

Rainfall insurance in India: Does it deal with risks in dryland farming?

Rainfall continues to be a major risk confronted by the dryland farmers in semi-arid tropics of India. Through the years, dryland farmers experience an increasingly erratic rainfall and frequent occurrence of droughts. Crop yield and farm income are highly correlated with quantum and distribution of rainfall thereby livelihoods of resource poor farmer are at risk. Rainfall insurance, a type of Weather Based Crop Insurance Scheme (WBCIS), was introduced as a risk covering mechanism to extreme rainfall events and to reduce hassles in operationalization of other crop insurance schemes. This study documents rainfall insurance scheme and its operational modalities such as eligibility criteria, payment of premium, benefit structure and payouts, and technical hassles. It examined the hypothesis that low spread of rainfall insurance was linked with the situation where prospective buyers were unable to relate the product to their regular exposure. This study also underlines incongruity comparing the variation in longitudinal actual village data and reference weather data (mandal level3) that were used to calculate strike, exit and payouts to the farmers across six villages of semi-arid tropics (SAT) region. It identified several challenges on the ground in its capacity to cover risk among the farmers. The challenges include lack of proper awareness among farmers, absence of reliable weather datasets, misinformation on insurance contract and processes, exclusion of high risky crops from the rainfall insurance coverage. Real time calculation of risk benefits with existing policy found that existing design cannot appropriate to meet the loss, if incurred during the climate extremes. Hence, there is a need to relook at the insurance policy design in terms of efficiency. The study also argued that with continuous government support and by drawing on both quasi government and private players into the process for greater transparency and design to improve effectiveness of this initiative.

Green Paper - Performance of Modi Govt in Agriculture

Analysis of the performance of the first 4 years of NDA government in India at the Centre, from 2014-15 to 2017-18. Collective work by Kavitha Kuruganti, Yogendra Yadav and Kirankumar Vissa. Published on behalf of Swaraj Abhiyan and Alliance for Sustainable & Holistic Agriculture (ASHA).

Weather Based Risk Management Tool to Mitigate the Farming Risk in India

This paper analyzes the dynamic nature of weather based risk management tool. The Purpose of this paper is to present weather insurance as a non-catastrophic whether risk management tool, empirically demonstrate the process of designing it and assess their effectiveness as a risk management tools. The weather based farm risk market in India is the world’s largest, having transitioned from small-scale and scattered pilots to a large-scale weather based crop insurance program covering more than 9 million farmers. This paper provides a critical overview of this market, including a review of indices used for insurance purposes and a description and analysis of common approaches to design. Products should be designed based on sound agronomic principles and further investments are needed both in quantifying the level of basis risk in existing products, and developing enhanced products with lower basis risk. In addition to pure weather based products, hybrid products that combine both area yield and weather indices seem promising, with the potential to combine the strengths of the individual indices. The market structure for weather based crop insurance could better reward long-term development of improved product designs through product standardization, longer term contracts, or separating the roles of product design and delivery. This article is mainly focused on a Whether Based Crop Insurance.

ROLE OF CROP INSURANCE AND ITS FUTURE PROSPECTS IN INDIA

Revolutionary work by agriculture scientists and the efforts of farmers have helped to achieve a breakthrough in the agriculture sector in the 1960s, popularly known as the "Green Revolution". Higher agricultural production and efficient productivity achieved in subsequent years has been the main reason for attaining food security to a larger extent. The country has not witnessed any immense technological breakthrough in agriculture since then. The food safety net requires enhanced agricultural production and productivity in the form of a Second Green Revolution. Further, India is an agricultural country which is tantamount with risk and uncertainty because the agriculture in India depends upon the natural input factors, i.e. adverse weather conditions, flood, draught, peril etc. Uncertainties of nature have leaded various problems to farmers as well as Indian agriculture. These problems can be reduced by providing various kinds of securities and assurance to them. Crop Insurance is one and very important of them. It helps in providing stability to farm production and increases the income of the farmers. Crop insurance helps in stabilization of farm production and income of the farming community. It helps in optimal allocation of resources in the production process.