Crop Insurance schemes in India: Special reference to Pradhan Mantri Fasal Bima Yojana (PMFBY) PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Crop Insurance schemes in India: Special reference to Pradhan Mantri Fasal Bima Yojana (PMFBY) PDF full book. Access full book title Crop Insurance schemes in India: Special reference to Pradhan Mantri Fasal Bima Yojana (PMFBY) by Veerabhadrappa Bellundagi . Download full books in PDF and EPUB format.
Author: Veerabhadrappa Bellundagi
Publisher: Amazon Publishers, USA
ISBN:
Category : Reference
Languages : en
Pages : 79
Get Book Here
Book Description
India is an agrarian country, where half of the working population is engaged in agriculture and allied activities, for their livelihood, contributing 15.30 per cent to the country’s GDP in 2015-16. Insurance is a tool, inverse of game theory where losses suffered by few are covered from funds accumulated through small contributions made by many who are exposed to similar risk. The question of introduction of crop insurance in India was taken up for examination soon after independence in 1947. A special study to work out modalities of crop insurance was commissioned in 1947-48. World scenarioA wide range of agricultural insurance schemes based on different approaches exist in the world. The USA is currently the only country where revenue and income insurance exists. Revenue insurance is very important in USA, the 73 per cent of the premiums collected are coming from these types of insurance. In Japan there is a whole-farm insurance which covers against all climatic hazards for all crops on the farm. The Canadian system is mainly led by public insurance agencies, from the provincial governments. Indian scenarioIn 1972-73, the Department of Life Insurance Corporation of India introduced a Crop Insurance Scheme on H-4 cotton. Later many crop insurance schemes were implemented in India. At present, Pradhan Mantri Fasal Bima Yojana (PMFBY) was introduced. PMFBY is a crop insurance scheme launched by Prime Minister Narendra Modi led NDA Government. The scheme has been launched to cater the financial needs of the farmers in the event of crops destroyed by heavy rain, other natural calamities, pests or diseases. The scheme was implemented with a budget of Rs. 17,600 crore.The Pradhan Mantri Fasal Bima Yojana is new scheme implemented on 1st April, 2016. The scheme is expected to replace the existing schemes like National Agricultural Insurance Scheme (NAIS) and Modified NAIS (MNAIS). The scheme was introduced with a slogan of ‘minimum premium’, ‘maximum insurance’ for farmers. Premium is only one point five per cent for rabi crops, two per cent for kharif crops and five per cent for commercial and horticultural crops.
Author: Veerabhadrappa Bellundagi
Publisher: Amazon Publishers, USA
ISBN:
Category : Reference
Languages : en
Pages : 79
Get Book Here
Book Description
India is an agrarian country, where half of the working population is engaged in agriculture and allied activities, for their livelihood, contributing 15.30 per cent to the country’s GDP in 2015-16. Insurance is a tool, inverse of game theory where losses suffered by few are covered from funds accumulated through small contributions made by many who are exposed to similar risk. The question of introduction of crop insurance in India was taken up for examination soon after independence in 1947. A special study to work out modalities of crop insurance was commissioned in 1947-48. World scenarioA wide range of agricultural insurance schemes based on different approaches exist in the world. The USA is currently the only country where revenue and income insurance exists. Revenue insurance is very important in USA, the 73 per cent of the premiums collected are coming from these types of insurance. In Japan there is a whole-farm insurance which covers against all climatic hazards for all crops on the farm. The Canadian system is mainly led by public insurance agencies, from the provincial governments. Indian scenarioIn 1972-73, the Department of Life Insurance Corporation of India introduced a Crop Insurance Scheme on H-4 cotton. Later many crop insurance schemes were implemented in India. At present, Pradhan Mantri Fasal Bima Yojana (PMFBY) was introduced. PMFBY is a crop insurance scheme launched by Prime Minister Narendra Modi led NDA Government. The scheme has been launched to cater the financial needs of the farmers in the event of crops destroyed by heavy rain, other natural calamities, pests or diseases. The scheme was implemented with a budget of Rs. 17,600 crore.The Pradhan Mantri Fasal Bima Yojana is new scheme implemented on 1st April, 2016. The scheme is expected to replace the existing schemes like National Agricultural Insurance Scheme (NAIS) and Modified NAIS (MNAIS). The scheme was introduced with a slogan of ‘minimum premium’, ‘maximum insurance’ for farmers. Premium is only one point five per cent for rabi crops, two per cent for kharif crops and five per cent for commercial and horticultural crops.
Author: Ashok Gulati
Publisher: Springer Nature
ISBN: 9811593353
Category : Business & Economics
Languages : en
Pages : 386
Get Book Here
Book Description
This open access book provides an evidence-based roadmap for revitalising Indian agriculture while ensuring that the growth process is efficient, inclusive, and sustainable, and results in sustained growth of farmers’ incomes. The book, instead of looking for global best practices and evaluating them to assess the possibility of replicating these domestically, looks inward at the best practices and experiences within Indian states, to answer questions such as -- how the agricultural growth process can be speeded up and made more inclusive, and financially viable; are there any best practices that can be studied and replicated to bring about faster growth in agriculture; does the prior hypothesis that rapid agricultural growth can alleviate poverty faster, reduce malnutrition, and augment farmers’ incomes stand? To answer these questions, the book follows four broad threads -- i) Linkage between agricultural performance, poverty and malnutrition; ii) Analysing the historical growth performance of agricultural sector in selected Indian states; iii) Will higher agricultural GDP necessarily result in higher incomes for farmers; iv) Analysing the current agricultural policy environment to evaluate its efficiency and efficacy, and consolidate all analysis to create a roadmap. These are discussed in 12 chapters, which provide a building block for the concluding chapter that presents a roadmap for revitalising Indian agriculture while ensuring growth in farmers’ incomes.
Author: Vijay Kalavakonda
Publisher: World Bank Publications
ISBN:
Category : Crop insurance
Languages : en
Pages : 37
Get Book Here
Book Description
The authors examine the performance of the crop insurance scheme in Karnataka, a southern state of India and the second driest state in the country. Their analysis highlights weaknesses in product design, implementation challenges, and operational problems. The authors' finding is that the crop insurance scheme in its current form does not achieve its objectives, either explicit (risk management) or implicit (safety net and containment of both the central and state governments' contingent liability). The crop insurance scheme performs poorly both in terms of coverage (number of hectares insured and number of farmers purchasing insurance) and financial performance. The authors provide a framework for designing a crop insurance scheme based on the premise that insurance is a cost effective risk management techniques. They also provide some new ideas and thinking toward both improving the existing crop insurance scheme and exploring alternatives to the current product, based on an area-yield approach.
Author: Ghosh, Ranjan Kumar
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 43
Get Book Here
Book Description
Researchers and policymakers have long understood the benefits of crop insurance but have been consistently disappointed by the poor performance of these programs. Rarely have programs seen sizeable take-up rates without support through large government subsidies, and in many countries, demand has been meager even at prices well below fair-market rates. Experiences from India have largely followed this trend, despite a number of large policy initiatives. Limited demand stems from low perceived value, arguably because the existing insurance products are unsuited to farmers’ needs. The present study fills an important gap in rural development by improving upon existing insurance policy design by incorporating product characteristics better suited to farmers’ preferences. To do so, we conducted a discrete choice experiment with agricultural households in four states in India. While farmers seem to like several of the features of policies offered under existing programs, our results suggest they would generally be willing to pay more than the highly subsidized rate they currently pay and are also clearly dissatisfied with delayed and uncertain indemnity payments and would be willing to pay a significant premium for more assured and timely payment delivery.
Author: Manoj K. Jha
Publisher: Prabhat Prakashan
ISBN: 9355216688
Category : Study Aids
Languages : en
Pages : 496
Get Book Here
Book Description
—Public Service Examinations across the Board in India offers immense opportunity for young talent to secure not only employment at prestigious positions but also gives them the chance to serve the nation in various capacities. —These examinations are of a highly diverse nature as they test the candidates on diverse subjects, further spanning multiple dimensions largely the subjects related to Polity, Economy, History, Geography, Science and Technology, environmental sciences and miscellaneous topics like sports, awards and other events of national and international importance. —All of these demand not only to study of these varied subjects but also practice in tackling the questions which are asked in the examination. Highlights of the Book Approach towards the subject —The book introduces you to the subject and the way in which this subject should be approached in order to score maximum. Micro Detailing of the Syllabus—The entire UPSC CSE syllabus has been clubbed into broad themes and each theme will be covered with the help of MCQs. Chronological Arrangement of Theme Based Questions—The various identified themes are arranged chronologically so that the entire Syllabus of a subject is roped in a logical line. Last Minute Concept Revision Sheet—The end of the book contains the summary of important concepts related to the subject which can be used as your effective revision notes. About GS SCORE—GS SCORE has been home to numerous toppers of UPSC's prestigious Civil Services Examination. Learning at GS SCORE is driven by two predominant objectives i.e. excellence and empowerment.
Author: Rakesh Garg
Publisher: Bloomsbury Publishing
ISBN: 9390176751
Category : Business & Economics
Languages : en
Pages : 750
Get Book Here
Book Description
KEY FEATURES 360 degree overview of the GST provisions on services Detailed HSN code (Activity) wise commentary on services in 28 chapters Exclusive chapters on exempt government, agriculture and employees' services Comprehensive discussion on important GST concepts on services Upto date notifications of Service Tax Rates and Exemptions Online chapters on CGST Act/Rules and IGST Act/Rules, Scheme of Classification of Services & Explanatory Notes at www.rgargsgarg.com CONTENTS Part A: Concepts of GST (Services) – Chapters A-1 to A-22 cover general provisions relating to services, such as, meaning & scope of supply, time, value & place of supply, levy & reverse charge, composition, input tax, export & refund, registration, accounts etc. Part B: HSN Code wise Guide on Services – Chapters B-1 to B-28 comprises of critical analysis of HSN Code wise services through illustrations and tables. Part C: Rates – Chapters containing upto date notifications of Service Tax Rates and Exemptions Part D: Online Chapters – Online chapters on CGST Act/Rules and IGST Act/Rules, Scheme of Classification of Services and Explanatory Notes available at www.rgargsgarg.com
Author: OECD
Publisher: OECD Publishing
ISBN: 926479719X
Category :
Languages : en
Pages : 660
Get Book Here
Book Description
This annual report monitors and evaluates agricultural policies in 54 countries, including the 38 OECD countries, the five non‐OECD EU Member States, and 11 emerging economies. It finds that despite some modest declines in recent years, support to agriculture has remained close to recent historical highs. While changes in support have been limited, agricultural policies have been both reactive and proactive, boosting the sector’s capacity to respond to current challenges while aiming to ensure that food systems are fit for purpose as future conditions evolve. This year’s report focuses on policies fostering sustainable productivity growth in agriculture. Governments are applying a large variety of approaches to improve productivity while preserving natural resources and reducing agricultural greenhouse gas emissions. The report notes, however, that clearly defined targets related to sustainable productivity growth and measurable indicators of progress are important to ensure that policies achieve their stated objectives. The report also notes that making more effective use of producer support to promote innovation and environmental sustainability on the farm, and refocusing overall support towards targeted R&D, can better leverage public spending to deliver public goods and sustainable productivity growth. In line with the 2022 OECD Agriculture Ministerial Declaration, the report identifies a seven-point policy agenda for making agriculture more sustainable, productive and resilient, and for improving the effectiveness and efficiency of agricultural support and markets.
Author: Ms.Elena Loukoianova
Publisher: International Monetary Fund
ISBN: 1484371011
Category : Business & Economics
Languages : en
Pages : 139
Get Book Here
Book Description
Asia has made significant progress in financial inclusion, but both its across-country and intra-country disparities are among the highest in the world. The gaps between the rich and the poor, rural and urban populations, and men and women remain deep. Income is the main determinant of the level of financial inclusion; but other factors, such as geography, financial sector structure, and policies, also play important roles. While some countries in the Asia-Pacific region are leaders in fintech, on average the region lags behind others in several important areas such as online (internet) purchases, electronic payments, mobile money, and mobile government transfers. This Departmental Paper aims to take stock of the development and current state of financial inclusion and shed light on policies to advance financial inclusion in the region. The research focuses on the impact of financial inclusion on economic growth, poverty reduction, and inequality, linkages between financial inclusion and macroeconomic policies, as well as structural policies that are important for improving financial inclusion. Given the increasing importance of financial technologies (fintech), the paper also provides a snapshot of the fintech landscape in the Asia-Pacific.
Author: Roman Marco Hohl
Publisher: John Wiley & Sons
ISBN: 1119345634
Category : Business & Economics
Languages : en
Pages : 440
Get Book Here
Book Description
Gain a holistic view of agricultural (re)insurance and capital market risk transfer Increasing agricultural production and food security remain key challenges for mankind. In order to meet global food demand, the Food and Agriculture Organisation estimates that production has to increase by 50% by 2050 and requires large investments. Agricultural insurance and financial instruments have been an integral part to advancing productivity and are becoming more important in increasingly globalized and specialized agricultural supply chains in the wake of potentially more frequent and severe natural disasters in today’s key producing markets. Underwriting, pricing and transferring agricultural risks is complex and requires a solid understanding of the production system, exposure, perils and the most suitable products, which vastly differ among developed and developing markets. In the last decade, new insurance schemes in emerging agricultural markets have greatly contributed to the large growth of the industry from a premium volume of US$10.1 billion (2006) to US$30.7 billion (2017). This growth is bound to continue as insurance penetration and exposure increase and new schemes are being developed. Agricultural (re)insurance has become a cornerstone of sovereign disaster risk financing frameworks. Agricultural Risk Transfer introduces the main concepts of agricultural (re)insurance and capital market risk transfer that are discussed through industry case studies. It also discusses best industry practices for all main insurance products for crop, livestock, aquaculture and forestry risks including risk assessment, underwriting, pricing, modelling and loss adjustment. Describes agricultural production risks and risk management approaches Covers risk transfer of production and financial risks through insurance and financial instruments Introduces modelling concepts for the main perils and key data sources that support risk transfer through indemnity- and index-based products Describes risk pricing and underwriting approaches for crop, livestock, aquaculture and forestry exposure in developed and developing agricultural systems Become familiar with risk transfer concepts to reinsurance and capital markets Get to know the current market landscape and main risk transfer products for individual producers, agribusinesses and governments through theory and comprehensive industry case studies Through Agricultural Risk Transfer, you’ll gain a holistic view of agricultural (re)insurance and capital market solutions which will support better underwriting, more structured product development and improved risk transfer.
Author: Amita Singh
Publisher: Springer Nature
ISBN: 9811542945
Category : Business & Economics
Languages : en
Pages : 338
Get Book Here
Book Description
In the last two decades, coastal regions have relatively endured some of the fiercest oceanic and geophysical disasters than the earlier decades. Yet, disaster management governance fails to match the human, nonhuman and environmental calamity which is unfolding in its most frequent and unpredictable pattern. Between the Asian Tsunami of 2004 to the devastating Chennai and Kerala floods of 2018 the socio-industrial-livelihood impact alerts governments towards a greater and more serious compliance to laws for coastal conservation. The United Nations Office for Disaster Risk Reduction (UNDRR) in 2018 had shocking statistics to share as the deaths and damages related to only Tsunami disaster at the coasts to 251,770 and US$280 billions respectively in the last 20 years (1998-2017) as compared to 998 and US$ 2.7 billion in the previous 20 years (1978-1997). Coastal conservation is no more a question of casual governance but has become a need for survival. The region of South Asia which ranks much higher in its vulnerability, weak resilience and relatively undersupplied governance structures ought to take this responsibility on a priority. The spirit of Hyogu Declaration and the Sendai Framework for Action suggests preparedness and resilience building as key approach areas in coastal governance. The book is incomparable in its holistic and transdisciplinary social science based approach to disaster management which links conservation of marine flora and fauna, ecosystems and land management with decision making processes and coastal regulations. These grass root findings from the subcontinent are substantiated by a section on the most powerful court battle on the Kerala Floods as a guideline for readers to discerningly identify an ‘Act of God’ often used as a veil to hide lack of preparedness, apathy and political greed. This book becomes indispensable reading for anyone involved in research, administration or any level of decision making for the mitigation and prevention of disasters.
