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Agricultural Insurance in India (Problems (Premium - small change (= lower…
Agricultural Insurance in India
Crop insurance
insurance services
against loss or damage to growing crops.
Problems
Premium - small change
= lower demand
poor awareness
delayed payments
Mandatory
only for loanee farmers
Difficult
cross checking
Missing records
beneficiaries
low inclusion
small and marginal farmers
Livestock insurance
What
centrally sponsored
Under
National Livestock mission
objectives
protect incomes
ppularize livestock insurance
PMFBY
to reduce
crop insurance burden
theme
One Nation- One Scheme
replaced
NAIS
MNAIS
previous schemes
best practices adopted
weakness addressed
Advantages
lowest premium
higher claim
cover
localised losses
post-harvest loss
tech
awareness generation
Successes
Coverage increased
Farmers covered increased
sum-insured increased
non-loanee farmers increased
opt in
risk coverage increased
Challenges
settling claims
Assess crop losses
No direct link
with farmers