Less Than 20 Percent Farmers Have Crop Insurance: Study

Published: 12th April 2015 04:55 PM  |   Last Updated: 12th April 2015 04:55 PM   |  A+A-

farmer - PTI

NEW DELHI: Less than 20 per cent farmers have insured their crops in India, while the vast majority is exposed to the vagaries of weather which leads them to take desperate steps, according to a study.

At the all-India level, only 19 per cent of farmers reported ever having insured their crops. A very large proportion of 81 per cent were found to be unaware of the practice of crop insurance, the study done jointly by Assocham and Skymet Weather said.

Of the un-insured, 46 per cent were found to be aware but not interested while 24 per cent said that the facility was not available to them. Only 11 per cent felt that they could not afford to pay the insurance premium, the study said.

There are about 32 million farmers who have been enrolled in various crop insurance schemes across India.

However, issues in design, particularly related to delays in claim settlement, have led to farmers not being covered, despite significant government subsidy, it said.

“Implementation and technical challenges lie ahead which can be addressed but will require a comprehensive strategy, innovative solutions, and timely roll out,” Assocham Secretary General D S Rawat said.

To address the problems, the government is piloting a modified National Agricultural Insurance Scheme (NAIS), a market-based scheme with involvement from the private sector.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp