ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Weather-based Crop Insurance in India: Towards a Sustainable Crop Insurance Regime?

The enormous dependency of crop production on weather highlights the pressing need for an effective mechanism to cope with weather-related production risks faced by farmers. This paper focuses on the recent developments in the weather insurance market and evaluates the performance of the Weather-based Crop Insurance Scheme in India. Through a micro-analysis of indemnity payouts under the traditional and the weather insurance schemes, the study reveals the much larger spread of benefits under the latter, thus significantly reducing a prominent drawback of the decades-old area yield scheme. While the product has tremendous potential to emerge as a sustainable crop insurance model that can meet the risk management needs of the rural poor, there are critical issues that merit action to achieve the desired results.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

649for India

$20for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top