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Published in:

Volume 8 Issue 2
February-2021
eISSN: 2349-5162

Unique Identifier

JETIR2102034

Page Number

320-329

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Title

AGRICULTURE INSURANCE IN INDIA

ISSN

2349-5162

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"AGRICULTURE INSURANCE IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 2, page no.320-329, February-2021, Available :http://www.jetir.org/papers/JETIR2102034.pdf

Abstract

Farmers in India are presented to enormous agriculture risk because changes of nature. One of the best components to relieve agrarian dangers is to have a powerful insurance framework. Despite the fact that crop insurance has been in the nation since 1972, yet it has been assailed with a few issues, for example, absence of straightforwardness, high premium, delay in directing yield cutting trials and non-installment/postponed installment of cases to farmers. Understanding the restrictions of existing arrangement of harvest insurance, another yield insurance plot was dispatched on Baisakhi day, Pradhan Mantri Fasal Bima Yojana (PMFBY), from Kharif 2016. Despite the fact that the general territory insured has expanded by a humble 6.5 percent (from 53.7 million ha in 2015-16 to 57.2 million ha in 2016-17), the quantity of farmers insured has expanded by 20.4 percent (from 47.5 million to 57.2 million), the entirety insured has expanded by 74 percent (from Rs 115432.4 crore to 200618.9 crore), and premium paid has expanded by 298 percent (from Rs 5491.3 crore to Rs 21882 crore) over a similar period.

Key Words

AGRICULTURE INSURANCE IN INDIA

Cite This Article

"AGRICULTURE INSURANCE IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 2, page no. pp320-329, February-2021, Available at : http://www.jetir.org/papers/JETIR2102034.pdf

Publication Details

Published Paper ID: JETIR2102034
Registration ID: 305480
Published In: Volume 8 | Issue 2 | Year February-2021
DOI (Digital Object Identifier):
Page No: 320-329
ISSN Number: 2349-5162

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Cite This Article

"AGRICULTURE INSURANCE IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 2, page no. pp320-329, February-2021, Available at : http://www.jetir.org/papers/JETIR2102034.pdf




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