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Government vs Weather The True Story of Crop Insurance in India

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  • Jennifer Ifft

Abstract

The government of India started offering widespread crop in insurance in 1985, with the Comprehensive Crop Insurance Scheme. The CCIS has been replaced by the National Agriculture Insurance Scheme. The NAIS is considered to be an improvement over the CCIS, but it has simply replaced one flawed scheme with another slightly less flawed one. Government crop insurance has proved to be a failure worldwide, but India seems to have ignored both its own failure and the failure of other countries. [CCS WP no. 0010].

Suggested Citation

  • Jennifer Ifft, 2009. "Government vs Weather The True Story of Crop Insurance in India," Working Papers id:2268, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:2268
    Note: Institutional Papers
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    References listed on IDEAS

    as
    1. Skees, Jerry R., 2000. "A role for capital markets in natural disasters: a piece of the food security puzzle," Food Policy, Elsevier, vol. 25(3), pages 365-378, June.
    2. STEVEN C. BLANK & COLIN A. CARTER & JEFFREY McDONALD, 1997. "Is The Market Failing Agricultural Producers Who Wish To Manage Risks?," Contemporary Economic Policy, Western Economic Association International, vol. 15(3), pages 103-112, July.
    3. Turvey, Calum G. & Islam, Zahirul, 1995. "Equity and efficiency considerations in area versus individual yield insurance," Agricultural Economics, Blackwell, vol. 12(1), pages 23-35, April.
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    Keywords

    countries; weather; insurance; infrastructure; financially sustainable; farmers; India; crop insurance; national agriculture; insurance;

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