Assessing the Growth and Performance of Crop Insurance Schemes in India: Trends, Challenges and Opportunities | Chapter 6 | Agricultural Sciences: Techniques and Innovations Vol. 1

This study assessed the growth and performance of key crop insurance schemes, including yield-based crop insurance schemes such as the National Agricultural Insurance Scheme (NAIS) and the Pradhan Mantri Fasal Bima Yojana (PMFBY), as well as weather-based crop insurance schemes like the Weather-Based Crop Insurance Scheme (WBCIS) and the Restructured Weather-Based Crop Insurance Scheme (RWBCIS). Secondary data was collected for the period from 1999-2000 to 2023-24, covering statistical indicators such as the number of farmers insured, total area covered, total premium collected, and total claims paid under NAIS, PMFBY, WBCIS, and RWBCIS. The analysis of yield-based crop insurance schemes revealed significant growth in farmer participation, insured area, premium collection, and claims disbursement. In contrast, weather-based crop insurance schemes exhibited fluctuating trends in participation and financial performance. Indicators such as insured area and total insured value showed positive growth but a decline in farmer participation remained a concern.

 

Author (s) Details

Mandepudi Mary SharonA
Department of Agricultural Economics, Agricultural College, Bapatla, Acharya N.G Ranga Agricultural University (ANGRAU), Government of Andhra Pradesh, India.

 

Mangalapuri Pavani
Department of Agricultural Economics, Agricultural College, Bapatla, Acharya N.G Ranga Agricultural University (ANGRAU), Government of Andhra Pradesh, India.

 

B. Aparna
Department of Agricultural Economics, Agricultural College, Bapatla, Acharya N.G Ranga Agricultural University (ANGRAU), Government of Andhra Pradesh, India.

 

Please see the book here:- https://doi.org/10.9734/bpi/asti/v1/5125