Rural Transformation and Sustained Growth of Agriculture

Rural India suffers from poor infrastructure and inadequate amenities. Low agricultural growth perpetuates food and nutritional insecurities, which also reduces rural incomes. How can we encourage and support our villages in improving their living and livelihood conditions in innovative ways?

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MGNREGS has succeeded in mitigating rural distress. What are its other effects and what should be done?

What kinds of Weather Based Crop Insurance can be introduced in different agro-ecological regions of the country?

Postby chanana.ak@nic.in » Fri Feb 04, 2011 10:33 am

What kinds of Weather Based Crop Insurance can be introduced in different agro-ecological regions of the country?
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Re: What kinds of Weather Based Crop Insurance can be introduced in different agro-ecological regions of the country?

Postby rewritequran@gmail.com » Tue Feb 08, 2011 9:52 am

I think Govt must pay premium to all insured crops in all 604 districts,
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Re: What kinds of Weather Based Crop Insurance can be introduced in different agro-ecological regions of the country?

Postby arindom.baidya@ifmr.ac.in » Mon Sep 05, 2011 11:54 am

WBCIS isn't a very efficient mechanism for non-catastrophic risks. At this moment products are of very poor quality. Government should realize that insurance is dependent on data. There are a lot of basic problems.
* Weather data is not readily available except for one that can be obtained from IMD
* Crop loss data, which is vital for back testing, isn't available.
* Crop models aren't available, so it difficult for designers to determine the payout thresholds
* Insurance designers don't have the requisite skills to integrate topography, crop risk, weather trends to design a useful product.


These are only a few challenges. The potential benefits of index based insurance is immense, but only if it is scientific. For most of the districts of India, there is hardly any quality weather data. I have no clue how one can determine the premium for those district. Blindly subsidizing means just lining the pockets of insurance and reinsurance companies.

My suggestion is we should look at meso-level insurance products. Insuring farmers co-operative, banks, MFIs make more sense at this point, especially in the areas where weather data is poor.
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