Problems, Prospects and Policy Recommendations of Crop Insurance Schemes

This paper discusses the findings of the study in the area of crop insurance. Firstly it studied the problems faced under PMFBY, secondly examines prospects of given scheme. The study was conducted in six districts of Haryana namely, Kaithal, Bhiwani, Karnal, Hisar, Panipat and Fatehabad. The study showed the results of a survey of 240 farmers being carried in June 2018 to September, 2018. Constraints generally faced by the borrower farmers like delay in claim settlement (21.66%), inaccurate yield estimation (20.83%), inadequate implementation (20.00%), lack of awareness about the scheme and exclusion of a malicious damage, theft and grazed and destroyed by domestic animals etc. as 3.33 per cent as major constraints. Majority of non-borrower farmers faced constraints like claim paid for loss assessment (20.83%) as highest per cent, lack of faith in insurance system (19.17%) and inadequate implementation (16.67%).