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A Study on the Performance of National Agricultural Insurance Scheme and Suggestions to Make it More Effective

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  • Raju, S.S.
  • Chand, Ramesh

Abstract

Agricultural production and farm income in India involve several risks. Crop insurance is the only mechanism available to safeguard against production risks. Against this background, this paper has examined the features and performance of National Agricultural Insurance Scheme (NAIS) operating in the country and has suggested some modifications to make it more effective. NAIS coverage in terms of crop area, number of farmers and value of agricultural output is very small. If crop insurance programme is to be made an important tool in agricultural risk management, the present level of coverage will have to be improved, at least by 3-4 fold. Such an expansion can occur only with improvements in and broad-basing of the insurance scheme. Every suggested improvement has financial implications and affect the concerned insurance practices. It requires renewed efforts by the government in terms of designing appropriate mechanisms and providing financial support to agricultural insurance. Providing of similar support to the private sector insurers would help in increasing the insurance coverage and improving the viability of insurance schemes over time. The study has also suggested that different general insurance companies in the country may be assigned some reasonable targets to cover agricultural insurance, and to begin with, it could be equal to the share of agriculture in the national income.

Suggested Citation

  • Raju, S.S. & Chand, Ramesh, 2008. "A Study on the Performance of National Agricultural Insurance Scheme and Suggestions to Make it More Effective," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 21(1).
    • Handle: RePEc:ags:aerrae:47355
    DOI: 10.22004/ag.econ.47355
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    1. N. Jayaram & Surendra K. Gupta & A.P. Barnabas & Sachchidananda & P.S. Pachauri & M.L. Khattar & B.N. Sampath & H. R. Khanna, 1985. "India," India Quarterly: A Journal of International Affairs, , vol. 41(1), pages 177-179, January.
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    Cited by:

    1. Swain, M., 2015. "Performance of Crop Yield and Rainfall Insurance Schemes in Odisha: Some Empirical Findings," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 28(2).
    2. Sheoran Vandana & Kait Rohtas, 2023. "Evaluation of the Crop Insurance Performance in Haryana," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 16(1), pages 133-142, March.
    3. Caifeng Tan & Jianping Tao & Lan Yi & Juan He & Qi Huang, 2022. "Dynamic Relationship between Agricultural Technology Progress, Agricultural Insurance and Farmers’ Income," Agriculture, MDPI, vol. 12(9), pages 1-17, August.
    4. Sheoran, Vandana & Kait, Rohtas, 2023. "Evaluation Of The Crop Insurance Performance In Haryana," Economic and Regional Studies (Studia Ekonomiczne i Regionalne), John Paul II University of Applied Sciences in Biala Podlaska, vol. 16(1), March.
    5. Rathore, Vikram Singh & Burark, S.S. & Jain, H.K., 2011. "Performance of Crop Insurance Scheme in Udaipur District of Rajasthan," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 24(1), June.

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