Download or read book When implementation goes wrong Lessons from crop insurance in India written by Nirmal, Rajalakshmi and published by Intl Food Policy Res Inst. This book was released on 2021-04-06 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on experiments to bring about comprehensive crop insurance coverage over the last 50 years, the Indian government introduced a new crop insurance program, called Pradhan Mantri Fasal Bima Yojana (PMFBY), in April 2016. Coming after two successive years of drought, the scheme aimed at reducing the burden of smallholders who borrow at high rates of interest but remain at the mercy of the “weather god” to reap optimal returns. Although this new program filled many gaps in the previous crop insurance interventions, it still could not attract smallholder and marginal farmers to fully subscribe to it. It also faced its own set of challenges. It earned farmers’ wrath because of lack of transparency in crop loss assessments and delayed settlement of claims. The government of India had to make the program voluntary under pressure from farmers’ associations, although it was designed as mandatory for famers seeking institutional credit. This paper’s focus is identifying the reasons for failure of PMFBY in most of the states despite its improved features, and comparing these states with a state where it has been relatively successful. It does this through evidence collected from a field study in Marathwada—a drought-prone region in western India, with the nation’s highest rate of farmer suicides. It takes learnings from stakeholder interviews in Marathwada to design implementation strategies for PMFBY’s success and win back the confidence of farmers. The state of Karnataka, in contrast to Marathwada, is an outlier among states in India, with a record of successful implementation of the PMFBY program. This paper studies PMFBY program implementation in Karnataka through a positive deviance case study approach. Though Karnataka hasn’t yet seen full success in terms of penetration achieved in crop insurance, its model can help develop best practices for implementation of PMFBY. The paper argues that getting buy-in from all stakeholders, adopting remote sensing technologies, strengthening infrastructure and institutional capacity, conducting outcome evaluation, and putting in place a monitoring system could be effective mechanisms to mainstream the program among smallholder farmers.
Download or read book Crop Insurance schemes in India Special reference to Pradhan Mantri Fasal Bima Yojana PMFBY written by Veerabhadrappa Bellundagi and published by Amazon Publishers, USA. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: India is an agrarian country, where half of the working population is engaged in agriculture and allied activities, for their livelihood, contributing 15.30 per cent to the country’s GDP in 2015-16. Insurance is a tool, inverse of game theory where losses suffered by few are covered from funds accumulated through small contributions made by many who are exposed to similar risk. The question of introduction of crop insurance in India was taken up for examination soon after independence in 1947. A special study to work out modalities of crop insurance was commissioned in 1947-48. World scenarioA wide range of agricultural insurance schemes based on different approaches exist in the world. The USA is currently the only country where revenue and income insurance exists. Revenue insurance is very important in USA, the 73 per cent of the premiums collected are coming from these types of insurance. In Japan there is a whole-farm insurance which covers against all climatic hazards for all crops on the farm. The Canadian system is mainly led by public insurance agencies, from the provincial governments. Indian scenarioIn 1972-73, the Department of Life Insurance Corporation of India introduced a Crop Insurance Scheme on H-4 cotton. Later many crop insurance schemes were implemented in India. At present, Pradhan Mantri Fasal Bima Yojana (PMFBY) was introduced. PMFBY is a crop insurance scheme launched by Prime Minister Narendra Modi led NDA Government. The scheme has been launched to cater the financial needs of the farmers in the event of crops destroyed by heavy rain, other natural calamities, pests or diseases. The scheme was implemented with a budget of Rs. 17,600 crore.The Pradhan Mantri Fasal Bima Yojana is new scheme implemented on 1st April, 2016. The scheme is expected to replace the existing schemes like National Agricultural Insurance Scheme (NAIS) and Modified NAIS (MNAIS). The scheme was introduced with a slogan of ‘minimum premium’, ‘maximum insurance’ for farmers. Premium is only one point five per cent for rabi crops, two per cent for kharif crops and five per cent for commercial and horticultural crops.
Download or read book Crop Insurance in Karnataka written by Vijay Kalavakonda and published by World Bank Publications. This book was released on 2005 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors examine the performance of the crop insurance scheme in Karnataka, a southern state of India and the second driest state in the country. Their analysis highlights weaknesses in product design, implementation challenges, and operational problems. The authors' finding is that the crop insurance scheme in its current form does not achieve its objectives, either explicit (risk management) or implicit (safety net and containment of both the central and state governments' contingent liability). The crop insurance scheme performs poorly both in terms of coverage (number of hectares insured and number of farmers purchasing insurance) and financial performance. The authors provide a framework for designing a crop insurance scheme based on the premise that insurance is a cost effective risk management techniques. They also provide some new ideas and thinking toward both improving the existing crop insurance scheme and exploring alternatives to the current product, based on an area-yield approach.
Download or read book Crop Insurance and Risk Mitigation Experiences from India written by Meenakshi Rajeev and published by kassel university press GmbH. This book was released on 2015-01-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Crop insurance and crop productivity Evidence from rice farmers in Eastern India written by Kumar, Anjani and published by Intl Food Policy Res Inst. This book was released on 2021-01-20 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper explores the spread of crop insurance in India and analyzes the factors affecting the demand for crop insurance. The study also assesses the impact of crop insurance on the rice yields of smallholder rice producers. Using data from a large farm-level survey from eastern India, the study tests for robustness of the findings after controlling for other covariates and endogeneity, using propensity score matching, coarsened exact matching, and endogenous switching regression models. Results indicate a positive and significant impact of crop insurance on rice yields.
Download or read book Is there a market for multi peril crop insurance in developing countries moving beyond subsidies Evidence from India written by Ghosh, Ranjan Kumar and published by Intl Food Policy Res Inst. This book was released on 2019-03-29 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Researchers and policymakers have long understood the benefits of crop insurance but have been consistently disappointed by the poor performance of these programs. Rarely have programs seen sizeable take-up rates without support through large government subsidies, and in many countries, demand has been meager even at prices well below fair-market rates. Experiences from India have largely followed this trend, despite a number of large policy initiatives. Limited demand stems from low perceived value, arguably because the existing insurance products are unsuited to farmers’ needs. The present study fills an important gap in rural development by improving upon existing insurance policy design by incorporating product characteristics better suited to farmers’ preferences. To do so, we conducted a discrete choice experiment with agricultural households in four states in India. While farmers seem to like several of the features of policies offered under existing programs, our results suggest they would generally be willing to pay more than the highly subsidized rate they currently pay and are also clearly dissatisfied with delayed and uncertain indemnity payments and would be willing to pay a significant premium for more assured and timely payment delivery.
Download or read book Problems of Crop Insurance Under Indian Conditions written by India. Ministry of Agriculture and published by . This book was released on 1951 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agricultural Risk Insurance and Income written by Pramod Kumar Mishra and published by . This book was released on 1996 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is probably the first comprehensive study, based on farm-level data, of an area-yield crop insurance scheme with an international perspective. The author questions the conventional wisdom that crop insurance does not work.
Download or read book When Implementation Goes Wrong written by Rajalakshmi Nirmal and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Development and Operation of Agricultural Insurance Schemes in Asia written by Asian Productivity Organization and published by . This book was released on 1999 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Enhancing Crop Insurance in India written by Weltbank and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The broad structure of Modified National Agricultural Insurance Scheme (mNAIS), the main crop insurance program in India, is technically sound and appropriate in the context of India. The NAIS is based on an indexed approach, where average crop yield of an insurance unit, or IU, (i.e., block) is the index used. The insurance is mandatory for all farmers that borrow from financial institutions, though insurance cover is also available to non-borrowers. The actual yield of the insured crop (as measured by crop cutting experiments) in the IU is compared to the threshold yield. If the former is lower than the latter, all insured farmers in the IU are eligible for the same rate of indemnity payout. Individual crop insurance will have been prohibitively expensive, or even impossible, in a country such as India with so many small and marginal farms. Further, the method of using an 'area based approach' has several other merits and, most importantly, it mitigates moral hazard and adverse selection. This report offers detailed analysis of a number of technical and operational issues which should be addressed if mNAIS is to be implemented. GOI is to be complemented on its bold vision of the future of agriculture insurance through modifying NAIS, an action which, if well implemented, has the potential for significant economic and political economy gains. The policy note World Bank (2010) supported this vision and offered specific policy recommendations for mNAIS, with reference to the Joint Group report (2004). This technical report is intended as a complement to World Bank (2010) and also to the previous technical report World Bank (2007a), by offering detailed technical analysis of a number of issues that will be critical to the success of mNAIS.
Download or read book An Evaluation Of National Agricultural Insurance Scheme In India written by Poonam Patwardhan and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: The credit for pioneering work on Crop Insurance in India goes to 'S Chakravarti' who in 1920, proposed an Agricultural Insurance Scheme based mainly on the rainfall approach. The 'National Agricultural Insurance Scheme (NAIS) with effect from 1999-2000, by improving the scope & content of the erstwhile CCIS. Agriculture insurance provides financial security to the person engaged in agriculture and allied activities. The study observed that most of the farmers do not participate willingly in crop insurance schemes. Farmers expect to receive alternative payment from the government in catastrophic year/crop failure years irrespective of premium payments but the delay in claim payments is one of the reasons for farmer's unwillingness for participation in the scheme. There is need to maintain a reserve fund for the operation of agriculture insurance scheme by the Agriculture Insurance Company (AIC) of India. The budgetary provision for crop insurance by the states will also help in solving the problem of delay in claims payment. There is need to create awareness among farming community about the crop insurance for increasing the participation.
Download or read book Crop Insurance in India written by Narendra K. Rustagi and published by . This book was released on 1988 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Livestock and Aquaculture Insurance in Developing Countries written by Richard A. J. Roberts and published by Food & Agriculture Org.. This book was released on 2007 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: A brief introduction to the role of insurance as a risk management mechanism in livestock and aquaculture enterprises, exploring some of the complexities involved in the financial mechanism for risk sharing.
Download or read book Government Support to Agricultural Insurance written by Olivier Mahul and published by World Bank Publications. This book was released on 2010-03-08 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments in developing countries have been increasingly involved in the support of agricultural (crop and livestock) insurance programs in recent years. In their attempts to design and implement agricultural insurance, they have sought technical and financial assistance from the international community and particularly from the World Bank. One of the recurrent requests from governments regards international experience with agricultural insurance, not only in developed countries, where in some cases agricultural insurance has been offered for more than a century, but also in middleand low-income countries. Governments are particularly interested in the technical, operational, financial, and institutional aspects of public support to agricultural insurance. 'Government Support to Agricultural Insurance' informs public and private decision makers involved in agricultural insurance about recent developments, with a particular focus on middle- and low-income countries. It presents an updated picture of the spectrum of institutional frameworks and experiences with agricultural insurance, ranging from countries in which the public sector provides no support to those in which governments heavily subsidize agricultural insurance. This analysis is based on a survey conducted by the World Bank s agricultural insurance team in 2008 in 65 developed and developing countries. Drawing on the survey results, the book identifies some key roles governments can play to support the development of sustainable, affordable, and cost-effective agricultural insurance programs.
Download or read book Crop Insurance in India written by Vinayak Mahadev Dandekar and published by . This book was released on 1976 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report to the Government of India on Crop Insurance in the Punjab written by Toyoji Yamauchi and published by . This book was released on 1962 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
