Özet:

India is one of the most disaster prone countries in the world owing to its physiological and climatic conditions. Since the last decade, India has suffered crop losses almost every year either due to flood or drought or frost/extreme temperatures. Agriculture is the mainstay of the rural the economy in India and is largely run by small and marginal farmers, who have no access to credit, are highly dependent on rainfall and the majorities do subsistence farming. The rising frequency of farmer suicides in India as a result of requiring crop losses owing to seasonal changes has prompted policy makers to priorities crop insurance. This insurance provides financial assistance for risk management in agriculture. This insurance scheme is a relief scheme for farmers whose crops were damaged during the natural calamity. The insurance amount that is offered to the farmers is equal to the loan amount that has been disbursed to them. A certain amount of premium is charged against the crop insurance.

Anahtar Kelimeler: