Author: Shahid Gul
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India's aquaculture sector plays a vital role in rural livelihoods, job creation, food security, and contributing to the national economy. Despite its significance, the sector is susceptible to multiple risks like disease outbreaks, natural disasters, and environmental shifts. To alleviate these risks and offer a safety net for fish farmers, fish insurance policies have been implemented. Nevertheless, the adoption of these insurance programs is low due to several structural and operational issues. This review provides comprehensive analysis of the development of fish insurance policies in India, including their varieties, implementation processes, challenges, and possible approaches to enhance their effectiveness. The paper concludes with a series of policy suggestions aimed at boosting insurance uptake among fish farmers and promoting sustainable aquaculture growth in India
Fish Insurance, Aquaculture, Risk Management, PMMSY, Fisheries Policy, India
Fish insurance in India serves as a promising mechanism for addressing risks within the aquaculture industry, which is becoming more susceptible to environmental, biological, and economic unpredictabilities. While notable advancements have been made through initiatives such as PMMSY, the genuine scope and impact of fish insurance are still restricted. The path ahead involves enhancing awareness, streamlining procedures, harnessing technology, and promoting public-private collaborations. Through strategic policy changes and cooperative execution, fish insurance can evolve into a fundamental component of sustainable aquaculture in India. In addition, there is a need to develop and implement a scalable and viable stage-wise insurance policy that can be practically tested across different aquaculture sectors in India. Such a policy framework would ensure better risk mitigation tailored to farmers' needs at different stages of fish farming operations
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Shahid Gul (2025). Fish Insurance Policy in India: A Review of Progress, Challenges, and Future Prospects. International Journal of Theoretical & Applied Sciences, 17(2): 09–11
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