Status of Crop Insurance in India: A Study with Reference to Kodagu District of Karnataka State
Keywords:
Crop insurance, adoption, Benefits and Satisfaction, RisksAbstract
Agriculture is classified as a primary sector and is assigned an important role for giving employment opportunity, income generation and fulfilment of starvation needs considered as principal source of livelihood for more than 58% of the population of India. The agricultural production is highly dependent on the weather and is brutally impacted by attack of pests and diseases. The unpredictable and uncontrollable extraneous peril in Indian agriculture has made production risky.
The present study makes an attempt to study the status of crop insurance and adaptability of crop Insurance, purchase benefits and satisfaction level among 50 farmers through random sampling method spread over 10 villages in Madikeri taluk of Kodagu District. Questionnaire was distributed for identifying factors influencing and main constraints faced in adoption of crop insurance schemes.
The study reveals that landholding size of the farmers, age, income level, access to loan facilities, source of obtaining information about crop insurance programme, number of years occupied in farming activities and loss of crop due to unfavourable weather conditions were the major factors influencing the farmers to adopt crop insurance. Delayed settlement of claims, lack of compensation by the government and insurance companies, lack of awareness about the crop insurance schemes and lengthy procedure to obtain crop insurance after the high disasters were the major constraints faced by the farmers of Kodagu district.
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