Role Of Crop Insurance And Its Future

Roini Gowdar, LLM, Gujarat National Law University, Gandhinagar

ABSTRACT

Famers feed the nation. To provide security to the farmers in the event of unforeseen crop destruction, the concept of crop insurance had emerged. Crop Insurance provides cover to the farmers for their crops. There are two types of coverage, Yield-Based Coverage and Revenue Based Coverage. Crop insurance is a risk management tool that protects farmers and agricultural producers from financial losses caused by unforeseen events that damage or destroy their crops. This research is important to study the role of Crop Insurance for farmers. This paper seeks to analyze through various case laws and identify whether the farmers have benefited with the crop insurance and whether the farmers have had successful claims in the court. A few questions that have been addressed in the paper are that what are the key legislative acts and regulations governing crop insurance in India, and how have they evolved over time, are there any noteworthy legal cases or legal precedents related to crop insurance disputes in India and are there any recent legal developments or amendments in Indian crop insurance laws related to improving the claims settlement process and ensuring farmers receive timely and fair compensation. The researcher, for the purpose of this research, examined and considered the various reports of the government of India. Furthermore, the researcher went through and critically examined the important precedented text of Indian judiciary. The objective of this study is to study the role of crop insurance in India. This research is a Doctrinal Descriptive Research. To address the previous mentioned questions, the paper is divided into four parts, Key Factors that is important to understand when considering Crop Insurance, Key Legislative Acts and Regulations governing Crop Insurance in India, The Farmer- the Most Important Stakeholder in Crop Insurance and Conclusion.

Keywords: India, Insurance, Crop Insurance, Farmer, Case, Claim