SYNOPSIS on

“AGRICULTURAL INSURANCE IN INDIA - PROBLEMS AND PROSPECTS”

Submitted in partial fulfillment of the requirement for the

Award of the Degree of

“MASTER OF BUSINESS ADMINISTRATION”

BANGALORE CENTRAL UNIVERSITY

Submitted by:

PRAMILA B
Reg No: MB182858

Under The Guidance Of

DR. PRAKASH B NAYAK

VIVEKANANDA INSTITUTE OF MANAGEMENT

Dr. Rajkumar road Rajajinagar Bangalore 560055
2019-2020
TITLE OF THE STUDY

“Agricultural Insurance in India - problems and prospects”

INTRODUCTION

Agriculture production and farm incomes in India are frequently affected by natural disasters
such as droughts, floods, cyclone, storms, landslides and earthquakes. Capable of agriculture to
these disasters is compounded by the outbreak of epidemics and manmade disasters such as fire,
sale of spurious seeds, fertilizers and pesticides, price crashes etc. all these events severally
affect farmers through loss in production and farm income, and they are beyond the control of
the farmers. With the growing commercialization of agriculture, the magnitude of loss due to
unfavorable eventualities. The question is how to protect by farmers by maximizing such losses.
For a section of farming community, the minimum support price for certain crops provide a
measure of income stability.

Agricultural insurance is one method by which farmers can stabilize farm income and investment
and guard against disasters affects of losses due to natural hazards or low market value.

NEED FOR THE STUDY

India is having one of the largest agriculture depending population in the world. Agriculture is a
high-risk profession as most of the farmers depend on rain and the general weathers conditions to
grow their crops. Hence to protect the farmers, the government has been fallowing an
agricultural insurance policy.

In recent days the Indian government proved a variety of agricultural insurance scheme to the
formers. The study aims at knowing the various schemes under which the agricultural insurance
are provided to the formers for their loss and other natural disasters.
STATEMENT OF THE PROBLEM

The government in India has introduced the innovative schemes on agricultural insurance but
these schemes are failed to meet the expected results due to the low policy implications,
unawareness of farmers, unsatisfied performance of implementing agencies as well as limited
stat and central government.

OBJECTIVES OF THE STUDY

1. To suggest effective agriculture insurance programme in Indian

2. To look into the role of government in implementing various agricultural insurance
schemes
3. To discuss and explore the problem and prospects of agricultural insurance in the
country.
4. To suggest the possible remedies to make agricultural insurance scheme more effective in
India.
5. To estimate price yield risk involved in different crop at nation level and at disaggregates
level.

SOURCES OF DATA

Data collection is the method used in collecting data for a particular use or study.

The data collected from only secondary data, the secondary data collected through newspapers,
books, journals, articles and websites.
PLAN OF ANALYSIS

The data collected for the study is of primary and secondary in nature and hence the
questionnaires are formulated followed by interviews with the respondents. The data will be
presented by using statistical tools. This will help to understand the data easily and to make the
interpretation.

STUDENT SIGNATURE GUIDE SIGNATURE

(PRAMIL.B) (DR.PRAKASH B NAYAK)