Impact of Crop Insurance Scheme on Agriculture

Author: Preeti Devi, Sonia Rani and D.R. Thakur

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Abstract

The purpose of the current study, "Impact of crop insurance scheme on agriculture", is to determine the consequences of the crop insurance policy. The sampling procedure with several phases was applied. Ghumarwin and Bilaspur Sadar were the two blocks in the Bilaspur district that were selected. Two panchayats were arbitrarily selected from each block for the second phase. During the third stage, two villages were selected at random from each panchayat. In the fourth phase, five farmers from each hamlet were randomly selected to participate in the wheat crop insurance program, while the other five farmers did not. In contrast to respondents who were not recipients of crop insurance, all benefit respondents (100%) stated that they intended to use crop insurance.

Keywords

Crop insurance scheme, beneficiaries, non- beneficiaries and respondents

Conclusion

Farmers that received benefits from this program reported higher impact on socioeconomic parameters, such as increased savings and investment levels, comfort in loan closures during times of unanticipated losses, and ease in trying new crops in the field. The sample non-loanee farmers seek more credit for farming in order to cover the costs of cultivation and maintain their livelihoods, according to research on the factors influencing credit requirements under NAIS.

References

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How to cite this article

Preeti Devi, Sonia Rani and D.R. Thakur (2024). Impact of Crop Insurance Scheme on Agriculture. Biological Forum – An International Journal, 16(2): 47-49.