Deepika M, School Of Excellence In Law, The Tamil Nadu Dr. Ambedkar Law University
Abstract
Farmers in India are mostly exposed to large agriculture risks due to various natural disasters which affect their lives. One of the most effective mechanisms to eradicate agricultural risks is to have a proper insurance system in order to support the financial needs of the farmers . In recent years, Indebtedness, crop failures, non remunerative prices and poor returns and also flaws in crop insurance schemes have led to agricultural distress in many parts of the country. Though there was many Crop insurance schemes with suitable changes were brought forward over the years, still there is vaccum in fulfilling the needs of farmers, it may be delay in assessment, claim payment, less coverage or high premiums. Therefore it is necessary to have a proper scheme with all requirements and effective implementation. The present paper examines an evolution of crop insurance in India and the professional views on the social, ethical and legal issues on crop insurance schemes in India. This paper also makes assessment on the performance of the Pradhan Mantri Fasal Bima Yojana (PMFBY), 2016 the crop insurance scheme popularly known as “one nation ,one scheme”.
Keywords: Crop Insurance, Schemes, Premium, Farmers, Risks.
