1Department of Business Management, Dr YS Parmar University of Horticulture and Forestry, Nauni, Solan-173 230, Himachal Pradesh, India
2Department of Arts and Science, Sikkim Professional University, Gangtok-737 121, Sikkim, India
*Corresponding Author: Banita, Department of Business Management, Dr YS Parmar University of Horticulture and Forestry, Nauni, Solan-173 230, Himachal Pradesh, India, Email: banitabm05@yspuniversity.ac.in
Online published on 21 November, 2023.
Agriculture is dangerous in India due to output and price instability. Crop insurance helps farmers by stabilizing agricultural profits, encouraging them to farm, lowering debt and reducing the need for crop failure assistance. This study examined crop insurance schemes in India and their effects on farmers. Based on terms like crop insurance, Insurance, Pradhan Mantri Fasal Bima Yojana we collected 175 papers by using various database such as Google Scholar, Web of Science and EBSCO host along with government data. Each manuscript's title determined its initial relevance. Crop insurance is an important risk management tool, but most Indian farmers can't afford it. The Indian government produces new agricultural policies every few years, but crop insurance programmes have been inconsistent and inefficient due to operational flaws. Agriculture insurance in India is still growing so that further research is need to be done to investigate the potential of an agriculture insurance market in India that is both financially sustainable and economically advantageous and successfully mitigates farmers’ risks.
Agriculture insurance, Crop insurance, Pradhan Mantri Fasal Bima Yojana, Weather-index based crop insurance scheme
