SAARJ Journal on Banking & Insurance Research
  • Year: 2015
  • Volume: 4
  • Issue: 3

Awareness of agriculturists about agricultural insurance schemes in Nagapattinam district in Tamilnadu

  • Author:
  • P. Rajavikraman, A. Panneerselvam
  • Total Page Count: 10
  • Page Number: 30 to 39

*Doctoral Research Scholar, PG & Research Department of Commerce, Poompuhar College, Sirkali, Nagapattinam, Tamil Nadu, India

**Principal and Research Supervisor, Poompuhar College, Sirkali, Nagapattinam, Tamil Nadu, India

Online published on 14 July, 2015.

Abstract

The Government of India has introduced the innovative schemes of Agricultural insurance but most of the Agriculturists unaware of it. Unfortunately, Agricultural insurance in the country has not made a noticeable contribution in agriculture sector even though the need to protect Indian Agriculturist from uncertainty and risk. The Agriculturists of Nagapattinam district are facing the problems of drought and flood over a period of several years and due to natural calamities they are suffering losses in their agriculture activities. It is necessary to evaluate the Agricultural insurance schemes implementing in Nagapatinam district and also check the awareness of the Agriculturists about Agricultural insurance schemes. Agricultural development is important to economic development of people in study area. The present paper is significant for potential beneficiaries from those villages which have not much awareness of Agricultural insurance schemes. It's also helpful to small and marginal farmers to protect their interest in crops against natural calamities and getting benefits under this scheme. It also assists the insurer's bankers and policy makers for policy prescription and policy intervention.

Keywords

Agriculture, Agricultural Insurance, Awareness, Agriculturists