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Title: NATIONAL AGRICULTURAL INSURANCE SCHEME: PROSPECTS, PERFORMANCE, AND PROBLEMS
Authors: Chandan Kumar Sharma
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Chandan Kumar Sharma Research Scholar, Jawaharlal Nehru University, New Delhi
MLA 8 Sharma, Chandan Kumar. "NATIONAL AGRICULTURAL INSURANCE SCHEME: PROSPECTS, PERFORMANCE, AND PROBLEMS." Int. j. of Social Science and Economic Research, vol. 5, no. 10, Dec. 2020, pp. 2927-2939, doi:10.46609/IJSSER.2020.v05i10.011. Accessed Oct. 2020. APA 6 Sharma, C. (2020, December). NATIONAL AGRICULTURAL INSURANCE SCHEME: PROSPECTS, PERFORMANCE, AND PROBLEMS. Int. j. of Social Science and Economic Research, 5(10), 2927-2939. doi:10.46609/IJSSER.2020.v05i10.011 Chicago Sharma, Chandan Kumar. "NATIONAL AGRICULTURAL INSURANCE SCHEME: PROSPECTS, PERFORMANCE, AND PROBLEMS." Int. j. of Social Science and Economic Research 5, no. 10 (December 2020), 2927-2939. Accessed October, 2020. doi:10.46609/IJSSER.2020.v05i10.011.
References [1]. Raju, S. S., & Chand, R. (2008a). A Study on the performance of national agricultural insurance scheme and suggestions to make it more effective.Agricultural Economics Research Review, 21(1), 11-19. [2]. Miranda, M., & Vedenov, D. V. (2001). Innovations in agricultural and natural disaster. American Journal of Agricultural Economics, 650-655. [3]. Raju, S. S., & Chand, R. (2007). Progress and problems in agricultural insurance. Economic and Political Weekly, 1905-1908. [4]. Bhende, M. J. (2002). An analysis of crop insurance scheme in Karnataka. Agricultural Development and Rural Transformation (ADRT) Unit, Institute for Social and Economic Change. [5]. Raju, S. S., & Chand, R. (2008b). Agricultural insurance in India: problems and prospects. National Center for Agriculture Economics and Policy Research, NCAP working paper, (8). [6]. Jain, R. C. A. (2004). Challenges in implementing agriculture insurance and re-insurance in developing countries. The Journal, India. [7]. Agriculture Insurance Company of India Limited, Annual Report 2009-10, New Delhi. Available at http://www.aicofindia.com/AICEng/General_Documents/Statutory_Info/Stat_Archive/an ual9-10/AR%202009-2010.pdf [8]. Planning Commission (2007) Report of Working Group on Risk Management in Agriculture for XI Five-Year Plan (2007-2012), New Delhi. [9]. Data Sets, Agriculture Insurance Company of India Limited, Available at http://www.aicofindia.com/AICEng/Pages/MapOfIndia_BusinessPerf.aspx
Abstract: In India, agriculture production and farm income have always been highly dependent on weather conditions beyond farmers' control. At the time of independence, about 70 percent of the total population was directly or indirectly dependent on agriculture for livelihoods, while the figure currently stands at more than 40 percent (ILOSTAT database). Therefore, agricultural insurance has been an imperative mechanism to control the damages and uncertainties in the income and livelihoods of a larger proportion of India's population. There have been many crop insurance schemes 1972-73 afterward; besides a brief discussion of those schemes, this paper's main aim is to critically examine the performance of the National Agricultural Insurance Scheme (NAIS) implemented in rabi 1999-00. This paper is a study of NAIS from rabi 1999-00 to rabi 2009-10, after which the NAIS was modified. This study finds that although the NAIS was a far better scheme than its predecessors in its features and coverage, it did not meet its purpose very well. The number of farmers, area covered, the sum insured, and awareness about the scheme were not satisfactory. On the one hand, several states did not participate at all throughout the period of the study; on the other hand, a very limited number of states benefitted more from the scheme.The scheme performed far better in kharif seasons in comparison to rabi seasons. A considerable loss to the insurance company or subsidy burden on the government was also inflicted as the claim ratios were higher than unity in most of the study years.

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