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VOL. 4, ISSUE 1 (2022)
Agricultural crop insurance trends in India
Authors
P Surya Kumar
Abstract
Agriculture plays a significant role in the Indian economy, and almost 70 per cent of the populace is subject to agriculture and its partnered sectors. The share of farming and unified sectors in GVA of the country has declined from 18.2 per cent in 2014-15 to 17.8 per cent in 2019-20, an inescapable result of a development interaction in which the overall presentation of non-agricultural areas turns out to be more prevailing. Inside the agriculture sector, the portion of harvests has falloff from 11.2 per cent in 2014-15 to 9.4 per cent in 2018-19. The agriculture production food-grains expanded from 2515.7 lakh tonnes during 2015-16 to 3086 lakh tonnes during 2020-21. The absolute commercial crop production noted 19921.9 lakh tonnes during 2015-16, these creations were rose to 21115.4 lakh tonnes during 2020-21. From the different information base perception during the ninth plan time frame (1997-2002) the complete agriculture insurance protection consumption were noted just Rs.811.49 crore and after the presenting the Pradhan Mantri Fasal Bima Yojana (PMFBY) conspire the protection use were expanded, as indicated by The Ministry of Agriculture and Farmers Welfare the absolute agriculture protection use reserve touched Rs.12638.32 crore during 2019-20.
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Pages:1-6
How to cite this article:
P Surya Kumar "Agricultural crop insurance trends in India ". International Journal of Management and Economics, Vol 4, Issue 1, 2022, Pages 1-6
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