Impact of Crop Insurance on Indian Agriculture

Volume : IV, Issue : IV, April - 2015

Mr. Mukesh. H. V

Crop Insurance is a major solution for addressing the issues related to crop losses and price related problems. The

farming community is at the front end of this major issue, it is important to recognize the solutions for such issues. Crop

insurance is still in its initial stage in India, to study impact of crop insurance on farmers is of prime importance. The

issues and benefits of crop insurance are mainly discussed in the paper. Traditional farmers are expanding their operation to include new and

different options in doing so they are met with new liability; issues and new risk management needs. Agriculture Insurance is a risk management

tool and as a risk transfer device that farmers can depends on as an instrument of indemnity in the event of crop failure.