A Study on Effectiveness of the Crop Insurance in Karnataka -With Special Reference Chikmagalur District

  • Hamsini H.P Final Year Student, Ramaiah University of Applied Sciences, Bangalore-560054, India
  • Rashmi .R Professor, Faculty of Management and Commerce, Ramaiah University of Applied Sciences, Bangalore-560 054, India https://orcid.org/0000-0003-4962-2620
Keywords: Crop insurance, Awareness, Financial security, income stability, Loan repayment, Future acceptance

Abstract

Indian agriculture activities are severely dependent on rainfall that occurs in monsoon year. The behavior of the monsoon is unusual that cause natural disasters like lack of rainfall or floods, cyclones, etc.  Majority of the cropped area is affected by drought. About 12 million hectors of the agricultural land is affected by the calamities and this land does not have irrigation facility. Crop insurance is a tool to protect  the farmers  from  financial loss as a result of crop loss out of nearly all natural factors past their manage consisting of weather,  natural calamities , floods, pests, illnesses etc. There is a need for the crop insurance to protect the farmers against the financial loss due to crop loss. There are various schemes under crop insurance which aim to provide financial support to farmers. This is the motivation behind the study. The research is carried out to understand the effectiveness of crop insurance. A sample of 348 Farmers was considered to collect opinions through a structured questionnaire in Chikmaglur district, Karnataka. The factors under the study were Awareness, Financial security, income stability, Loan repayment towards the future acceptance of crop insurance.

References

Avik Chattopadhaya1, Subrata Ray, Journal of advances in business management, Adoption of NAIS by Farmers to cope up with Agricultural Risk ,2(3),154-158.

Adivappar N, Aditya KS. (2014). Status & prospects of national agricultural insurance scheme in India.

International Journal of Entrepreneurship & Business Environment Perspectives, 3(1), 876-880.

Gurdev Singh. (2012). Crop Insurance in India, International Journal of Advanced Research and Development.

Kumar FR, Breshnev. Current issues on crop insurance in cauvery delta region- an overview. International Journal of World Research, 1(11), 73.

Karthick. (2016). An Inclusive Study on Agriculture Insurance Schemes in India ,Amity Journal of Agribusiness ,1(2),38-45.

Mahatma Jyothi Rao Phoole.(2017).To review the provisions and performance of crop insurance scheme in India.

Mamatha Swain.(2015).‘To analyse and compare various indicators’ , South Asian Network for Development and Environmental Economics ,104–16.

Mahatma Jyothi Rao Phoole.(2017).To review the provisions and performance of crop insurance scheme in India.

Mohapatra L, Dhaliwal RK. (2014). Review of agricultural insurance in Punjab state of India. International Journal of Advanced Research, 2(5), 459-467.

Nair, R. (2010). “Crop Insurance in India: Changes and Challenges” Economic and Political Weekly, February 6th: 19-22.

Pal D, Mondal T. (2010). Agricultural insurance in India: approaches and challenges. International Journal of Rural Studies, 17(1), 1-7.

Olivier Mahul, World Bank Policy Research Working Paper 3654, July 2005.

Prasanna V. (2014). Impact of monsoon rainfall on the total food grain yield over India; J. Earth Syst. Sci. 123(5),1129–1145.

Raju, S.S., R. Chand.(2008). Agricultural insurance in India: problems and prospects,” Indian Council of Agricultural Research, New Delhi, NCAP working paper.

Raju SS, Ramesh C. (2008).A study on the performance of national agricultural insurance scheme and suggestions to make it more effective. Agricultural Economics Research Review, 21, 11-19.

Singh S. (2004).Crop insurance in India - a brief review. Journal of Indian Society of Agriculture Statistics, 57, 217-225.

Sreejamol k.s, sridevi k.b.(2018). Farmers behaviour and attitudes towards crop insurance scheme in India. Agricultural Economics Research Review, 21, 11-19.

Sindhu Rs,Vatta k.(2012).Risk in Punjab Agriculture: current status and emerging issues.

Vandana Rathore.(2017). The performance of PMFBY and other crop insurance models in India, International Journal of Advanced Research and Development, 2(5),602-607.

Published
2019-09-14
How to Cite
H.P, H., & .R, R. (2019). A Study on Effectiveness of the Crop Insurance in Karnataka -With Special Reference Chikmagalur District. Indian Journal of Finance and Banking, 3(2), 10-13. https://doi.org/10.46281/ijfb.v3i2.393
Section
Regular Research Article/ Short Communication Article