Weather based crop insurance for risk management in agriculture

Authors

  • LATA VISHNOI Agromet Advisory Services Division, India Meteorological Department, New Delhi
  • ANUPAM KUMAR Nanyang Technological University, Singapore
  • SUNIL KUMAR DAC&FW, Krishi Bhawan, New Delhi
  • GAURAV SHARMA Agromet Advisory Services Division, India Meteorological Department, New Delhi
  • A.K. BAXLA Agromet Advisory Services Division, India Meteorological Department, New Delhi
  • K.K. SINGH Agromet Advisory Services Division, India Meteorological Department, New Delhi
  • S.C. BHAN Agromet Advisory Services Division, India Meteorological Department, New Delhi

DOI:

https://doi.org/10.54386/jam.v22i2.149

Keywords:

Crop Insurance, Weather data, CCIS, NAIS, MNAIS and RWBCIS

Abstract

In recent years, in many parts of the country, indebtedness, crop failures, unpaid prices and poor returns have resulted in agrarian distress. The government has identified and introduced several programs to address these critical issues viz. crop insurance, lending waivers etc. among them. Crop insurance as a concept for risk management in agriculture has emerged in India since the turn of the twentieth century and government has launched various insurance schemes in last three decades like Comprehensive Crop Insurance Scheme (CCIS), National Agricultural Insurance Scheme (NAIS) and Modified NAIS (MNAIS) etc. Apart from these schemes, several other pilot projects such as Seed Crop Insurance, Farm Income Insurance Scheme and Weather Based Crop Insurance Scheme (WBCIS) were implemented from time to time. At present, two most important schemes are functional i.e. Pradhan Mantri Fasal BimaYojna (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS) are in operation. This study focused on the performance of the Restructured Weather based Crop Insurance Scheme (RWBCIS) from historical and analytical perspectives and presents recommendation for future scenarios. RWBCIS scheme having two most important challenges. Firstly, weather data related issues by designing a modern scientific approach to develop high resolution secondary data and secondly, modifying the existing design of RWBCIS Products, based on sound agronomic principles.

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Published

01-06-2020

How to Cite

LATA VISHNOI, ANUPAM KUMAR, SUNIL KUMAR, GAURAV SHARMA, A.K. BAXLA, K.K. SINGH, & S.C. BHAN. (2020). Weather based crop insurance for risk management in agriculture. Journal of Agrometeorology, 22(2), 101–108. https://doi.org/10.54386/jam.v22i2.149

Issue

Section

Review article

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