Author(s):

Subhash Chander, Vinod Kumari and Rashmi Tyagi

Abstract: Agriculture forms the backbone of our socio-economic system and the nation is indebted to the farmers. Agriculture in India is subject to variety of risks arising from rainfall aberrations, temperature fluctuations, hailstorms, cyclones, floods, and climate change. These risks are exacerbated by price fluctuation, weak rural infrastructure, imperfect markets and lack of financial services including limited span and design of risk mitigation instruments such as credit and insurance. This paper evaluates the crop insurance scheme that existed in Haryana state. The study was carried out in two districts of Haryana i. e. Karnal and Kurukshetra on 80 adopters and 80 non-adopters during 2018. It was found from the field of the study that total premium amount of Rs. 1,46,589/- paid by farmers to the companies through various banks, while Rs. 1,94,374/- was the actual amount that to be paid. Factors like caste, education, occupation, land holding, types of family, income, social participation, mass media exposure and socio-economic status of the respondents were found significantly associated with level of adoption of crop insurance scheme. Awareness, lack of premium paying capacity, low co-operation from bank employee were the main reasons for non-adoption of crop insurance scheme. It was also suggested that Efforts are needed to make more aware about crop insurance scheme and knowledge should be imparted to them through trainings.

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