CROP INSURANCE: FARMERS PERCEPTION AND AWARENESS
Sona H C
Dr. Y. Muniraju
:Abstract
Farming is inherently one of the riskiest economic activities. Crop insurance is one
alternative to manage risk in yield loss by the farmers. It helps in stabilization of farm production and income of the farming community. This paper has reported the results of a survey of 50 farmers conducted to evaluate their perception and awareness about crop insurance schemes in Kodagu district of Karnataka because this region receives very high rainfall compared to other regions of the state. Though different crop insurance scheme is operating since 2002, majority of respondents in the study area are not aware about these schemes, implementing agency and who pay’s compensation. Almost all respondents are in the wrong perception that banks will pay compensation and they are the implementing agency. Majority of the farmers mentioned that they even don’t know that they have included under crop insurance schemes. Financial security, protection from the loss and compulsion by the banks were the reasons for opting crop insurance. Further more than 80% of respondents are not aware of extent of coverage, premium paid, last date of premium to be paid, procedure for insuring crops and method of loss determination. Farmers gave suggestions for improving existing schemes and they want quick settlement of claims which is usually takes more than one year. The study concludes with various suggestions for increasing the awareness level of the farmers for ensuring better penetration of crop insurance in Kodagu district.
Keywords: Crop insurance, Risk, Awareness, Perception
To read the text please press on the following link
CROP_INSURANCE_FARMERS_PERCEPTION_AND_AW (1)
آخر التعليقات