Economic Analysis of Factors Responsible for Non Adoption of Agriculture Insurance Scheme in a Some District of Madhya Pradesh

Richa Khanna

Economic Analysis of Factors Responsible for Non Adoption of Agriculture Insurance Scheme in a Some District of Madhya Pradesh

Richa Khanna *

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Economic Analysis of Factors Responsible for Non Adoption of Agriculture Insurance Scheme in a Some District of Madhya Pradesh

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Abstract

Agricultural vagaries are many and to be deal with them Agriculture insurance was looked upon as the solution to this problem, National agriculture insurance is a part of the solution and it covers factors responsible for farmers to take insurance which are economic and environmental factors; risk factor, Sum insured, farmers benefited, claims received, premium paid, subsidy, Area insured, weather situation and natural calamity .Certain social factors are also looked upon like ; not aware , not interested , unable to pay premium, complex procedure, delay in claim payment , banks available at a distance, no need of agriculture insurance, not satisfied with terms and conditions, not aware about facility. For Agriculture insurance to be effective and highly adaptable it is important to look upon the social factors too, this has been analysed and verified in this paper Season wise to make the policy more effective and adoptable to farmers.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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How to Cite This Article

Richa Khanna. 2020. "Economic Analysis of Factors Responsible for Non Adoption of Agriculture Insurance Scheme in a Some District of Madhya Pradesh". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 20 (GJMBR Volume 20 Issue B8).

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GJMBR Volume 20 Issue B8

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification

GJMBR-B Classification JEL Code: F43

Submission ReceivedNovember 6, 2020
Peer Review Double Blind
Handling Editor
Accepted December 2, 2020
Published December 15, 2020

Version of record

v1.2

Issue date

July 24, 2020

Language

English

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