International Journal of Social Science & Economic Research
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Title:
MICRO INSURANCE A CRITICAL NEED FOR THE POOR IN ODISHA

Authors:
Jeeban Jyoti Mohanty and Sudhakar Patra

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Jeeban Jyoti Mohanty1 and Sudhakar Patra2
1. Ph.D Research Scholar, Department of Economics, Ravenshaw University, Cuttack- 753003, Odisha, India
2. Professor & Head, Department of Economics, Berhampur University, Berhampur-760007, Odisha, India

MLA 8
Mohanty, Jeeban Jyoti. "DEFORESTATION AND SUSTAINABLE LIVELIHOOD OF TRIBAL COMMUNITY: A STUDY IN BETNOTI BLOCK OF MAYURBHANJ DISTRICT." Int. j. of Social Science and Economic Research, vol. 4, no. 3, Mar. 2019, pp. 2202-2221, ijsser.org/more2019.php?id=162. Accessed Mar. 2019.
APA
Mohanty, J. (2019, March). DEFORESTATION AND SUSTAINABLE LIVELIHOOD OF TRIBAL COMMUNITY: A STUDY IN BETNOTI BLOCK OF MAYURBHANJ DISTRICT. Int. j. of Social Science and Economic Research, 4(3), 2202-2221. Retrieved from ijsser.org/more2019.php?id=162
Chicago
Mohanty, Jeeban Jyoti. "DEFORESTATION AND SUSTAINABLE LIVELIHOOD OF TRIBAL COMMUNITY: A STUDY IN BETNOTI BLOCK OF MAYURBHANJ DISTRICT." Int. j. of Social Science and Economic Research 4, no. 3 (March 2019), 2202-2221. Accessed March, 2019. ijsser.org/more2019.php?id=162.

References
MLA 8
Mohanty, Jeeban Jyoti, and Sudhakar Patra. "MICRO INSURANCE A CRITICAL NEED FOR THE POOR IN ODISHA." Int. j. of Social Science and Economic Research, vol. 4, no. 3, Mar. 2019, pp. 2202-2221, ijsser.org/more2019.php?id=162. Accessed Mar. 2019.
APA
Mohanty, J., & Patra, S. (2019, March). MICRO INSURANCE A CRITICAL NEED FOR THE POOR IN ODISHA. Int. j. of Social Science and Economic Research, 4(3), 2202-2221. Retrieved from ijsser.org/more2019.php?id=162
Chicago
Mohanty, Jeeban Jyoti, and Sudhakar Patra. "MICRO INSURANCE A CRITICAL NEED FOR THE POOR IN ODISHA." Int. j. of Social Science and Economic Research 4, no. 3 (March 2019), 2202-2221. Accessed March, 2019. ijsser.org/more2019.php?id=162.

Abstract:
Micro insurance is gaining popularity as on important tool to assist the poor in managing their risks and vulnerabilities. The poor generally face many risks that make them further vulnerable, often one adding to the other. There is an increasing recognition of poor households' need for protection against risks. Micro insurance reduces the vulnerability of poor households and increases their ability to take advantage of opportunities. Also, it reduces the impact of household losses that may worsen their poverty situation, thus playing a vital role in curbing poverty becoming incremental in nature.
The paper aims to understand the coping strategy and appropriate tools to assist the poor in managing risks and vulnerabilities. The paper has also made an attempt to delve into the need and relevance of micro insurance in Odisha and the key roles played by all the stakeholders in the micro insurance market in the state. Further, this paper also brings out the key issues and challenges in expanding micro-insurance services in the state and suggests appropriate measures in order to penetrate the rural market better and close the gap. The analysis is done using secondary resources and the scope of the study is primarily in the context of India with special reference to Odisha.