*Research Scholar, Department of Civil Engineering, National Institute of Technology, Durgapur, West Bengal, India
**Professor, Department of Civil Engineering, National Institute of Technology, Durgapur, West Bengal, India
Online published on 24 February, 2016.
Risk is the integral part of economic and business activities. As agriculture is also an economic activity, it is also has a risk element with it. This risk can be treated by avoiding, preventing, sharing, transferring, spreading, and taking. In India agriculture depends on the climate conditions. Therefore agriculture is the most risky economic activities and hence need for insurance to share the risk in productivity. Having experienced the severity of the situation of agriculture in the country Government of India launched agriculture insurance in the country in the financial year 1972–73 and it is continue till now. This research article delineates the evolution of crop insurance schemes in India and performance of the existing crop insurance schemes such as NAIS, MNAIS. The study also describes the comparison of different crop insurance schemes from 1972 to till now.
Crop Insurance, NAIS, MNAIS, Risk Mitigation Strategy
