Impact of Weather based Crop Insurance in Karnataka - An Economic Analysis

Author: Shripad Vishweshwar, Srividyarani Sajjan and Mallu B. Deshetti

Download PDF

Abstract

The study on impact of weather based crop insurance in Karnataka was carried out in North Karnataka because territory receives less rainfall compared to other portion of Karnataka. The districts selected for the study were Dharwad and Gadag of North Karnataka. Simple random method was followed to select the farmers from each district. Thus, 100 respondents were selected from both districts. For the study both primary and secondary data was used. The data were analysed using descriptive statistics and Compound annual growth rate, Relative importance Index, Coefficient of variation and Garrett’s ranking technique. The number of ranchers benefited and claims over the time period indicated a positive and significant increase in growth rate at one per cent probability level. Majority of the ranchers in both districts are not aware of who is implementing agency and who pays recompense. In case of source of information, most important one was Grameen bank followed by Commercial and neigh

Keywords

WBCIS, compound annual growth rate, relative importance index, constraints.

Conclusion

There is need to establish separate crop protection wing in Department of Agriculture to overcome the existing problems in the present scheme. More than 80 per cent of interviewees expressed that Department of Agriculture is not properly implementing the scheme. Further, the ranchers expressed that they don’t know any procedure to apply and other information about crop protection. Hence, there is need to create awareness about weather based crop protection through effective use of RSK service, KVKs or appointing weather based crop protection agent like LIC agent to provide insurance service at the ranchers door step as suggested by majority of the ranchers. Most of the ranchers were studied upto primary education and don’t understand the procedures and other requirements of formal financial institutions. While the institutional loanees are unknowingly insured under the WBCIS, about 50 per cent of the Non-loanee ranchers avail insurance voluntarily in Karnataka by creating awaren

References

-

How to cite this article

Shripad Vishweshwar*, Srividyarani Sajjan and Mallu B. Deshetti (2022). Impact of Weather based Crop Insurance in Karnataka - An Economic Analysis. Biological Forum – An International Journal, 14(1): 1346-1351.