A Study of Awareness Level of Farmers Towards Crop Insurance Scheme in Rohtak City of Haryana

Author(s): Dr. Puspa Rani and Pooja Bohria

Abstract:

A crucial part of the economic growth process in emerging nations, particularly India, is agriculture. It is the foundation of an economy that gives humans their essential ingredients and the raw materials needed for industrialization. An economy's ability to grow depends critically on the state of the agriculture sector. The agricultural industry is inherently fraught with risk and unpredictability. The primary sources of risk and uncertainty were output, cost, and inputs. The goal of the current study is to examine the patterns of the crop insurance programs that Haryana has put in place. Secondary data from the Haryana economic survey and reports from the farm insurance business were utilized to meet the study's objectives. The study's time frame spans from the projects' inception to their current state. The study's conclusions suggest that every scheme exhibits varying tendencies. of all the schemes, only PMFBY is doing better than the others since it has lower premium rates than earlier schemes and uses cutting edge technology for both the evaluation of crop loss and the indemnity computation. It is determined that farmers' understanding of crop insurance programs is same regardless of the caste variable based on the questions posed to farmers from various castes and the findings from the raw data.

keywords:

Pages: 52-55     |    2 View     |    0 Download