Crop Insurance coverage is just one-fifth in India

Awareness of Crop Insurance is very less in India. Less than 20% of farmers have insurance coverage according to a study. Among 80% of farmers who have opted crop insurance 34% of them are not aware of other insurance products. Around 24% believe that insurance facilities are not available to them. So far only 32 million farmers have opted for crop insurance coverage. The above indicate technical issues in design, reach and other aspects which need to be addressed. 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.

Be the first to comment

Leave a Reply

Your email address will not be published.