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Title: STATE-WISE AND SEASONS WISE STATUS OF RESTRUCTURED WEATHER BASED CROP INSURANCE IN INDIA
Authors: Vikas Kumar and Professor Tejinder Sharma
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Vikas Kumar1 and Professor Tejinder Sharma2 1. Research Scholar, Deptt. of Commerce, Kurukshetra University Kurukshetra 2. Chairperson Deptt. of Commerce Kurukshetra University Kurukshetra
MLA 8 Kumar, Vikas, and Tejinder Sharma. "STATE-WISE AND SEASONS WISE STATUS OF RESTRUCTURED WEATHER BASED CROP INSURANCE IN INDIA." Int. j. of Social Science and Economic Research, vol. 7, no. 3, Mar. 2022, pp. 814-827, doi.org/10.46609/IJSSER.2022.v07i03.019. Accessed Mar. 2022. APA 6 Kumar, V., & Sharma, T. (2022, March). STATE-WISE AND SEASONS WISE STATUS OF RESTRUCTURED WEATHER BASED CROP INSURANCE IN INDIA. Int. j. of Social Science and Economic Research, 7(3), 814-827. Retrieved from doi.org/10.46609/IJSSER.2022.v07i03.019 Chicago Kumar, Vikas, and Tejinder Sharma. "STATE-WISE AND SEASONS WISE STATUS OF RESTRUCTURED WEATHER BASED CROP INSURANCE IN INDIA." Int. j. of Social Science and Economic Research 7, no. 3 (March 2022), 814-827. Accessed March, 2022. doi.org/10.46609/IJSSER.2022.v07i03.019.
References [1]. Barnett, B. and Mahul, O. (2007), Weather Index Insurance for Agriculture and Rural Areas [2]. In Lower Income Countries”, American Journal of Agricultural Economics, Vol. 89 No. 5,pp. 1241-1247. [3]. Rao, K. N. (2010). Index based Crop Insurance. Agriculture and Agricultural Science Procedia, 1, pp. 193-203. [4]. Nair, R. (2010). Crop Insurance in India: Changes and Challenges. Economic and Political Weekly, Vol. 45 (06), pp. 19-22. [5]. Mahul, O. and Stutley, C.J. (2010), Government Support to Agricultural Insurance: Challenges and Options for Developing Countries, The World Bank, Washington, DC. [6]. Mahul, O., Verma, N., & Clarke, D. (2012). Improving Farmers' Access to Agricultural Insurance in India. World Bank Policy Research Working Paper, (5987).
ABSTRACT: Agriculture is an old business as civilization agriculture and its allied activities play an important role in Indian economic development. The prime aim of this paper is to evaluate the performance of restructuring weather-based crop insurance in India. Performance is measured in terms of the total number of loanee farmers, the total number of non-loanee farmers, area insured, sum insured, farmers share in premium, the government of India share in premium, states government share in premium, gross premium, claim approved, claim paid and the total number of farmers benefited seasons wise and as well as state wise. The secondary data has been collected from the Rabi season 2016 to Kharif season 2020 and analyzed by simple percentage analysis. The study found that the performance has been poor in states Uttar Pradesh and West Bengal because they are getting less than 1% in each element of this scheme, and Maharashtra has found leading states in all each parameter of this scheme. The seasons-wise performance indicated that the performance had been inadequate in the initial seasons and the amount of claims has been pending by Kharif 2020. The study concludes that challenges should be addressed and removed for making this program efficient in the Indian context.

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