Paper Title
Agricultural Insurance for Agricultural Development in India: Issues and Experience
Article Identifiers
Authors
Lokesha M N
Keywords
Crop Insurance, Diversification, Specialisation, Risk sharing
Abstract
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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How To Cite (APA)
Lokesha M N (June-2019). Agricultural Insurance for Agricultural Development in India: Issues and Experience. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 4(6), 1-10. https://ijnrd.org/papers/IJNRD1906001.pdf
Issue
Volume 4 Issue 6, June-2019
Pages : 1-10
Other Publication Details
Paper Reg. ID: IJNRD_217957
Published Paper Id: IJNRD1906001
Downloads: 000121995
Research Area: Engineering
Country: -, -, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD1906001.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD1906001
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Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)
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