Performance and progress of crop insurance scheme (PMFBY) on paddy farming in Tiruvannamalai District of Tamil Nadu
1*R. Azhagesan and 2R. Selvakumar
Department of Agricultural Economics, Faculty of Agriculture, Annamalai University, Annamalai Nagar - 608002 (India) #*Address for Correspondence : R. Azhagesan, 1Research Scholar, Department of Agricultural Economics, Faculty of Agriculture, Annamalai University, Annamalai Nagar– 608002 (India) Email: azhagesanravi@gmail.com
ABSTRACT
Agriculture, a significant economic sector, is usually seen as an industry. It is vulnerable to a variety of natural disasters. Insurance is a vital tool for providing protection during dangerous operations, and it plays an important role in agricultural output. The specific objective of the study has assessed a Performance and Progress of crop insurance (PMFBY) on paddy farming in the study area with insured and noninsured farmer response. The study is based on the data collected from 80 insured farmers and 40 non-insured farmers in Tiruvannamalai District of Tamil Nadu resulted sample design of 120 respondent. That total number of farmers covered under the scheme was 11670 in 1084 notified villages of Kharif 2016. Tamil Nadu has benefited from the scheme with coverageof 0.13 lakh farmers and 0.31 lakh ha. In Tiruvannamalai district paddy crop contribute the major area of 76.01 percent to total coverage under crop insurance scheme. Paddy yield from the sample farmers ranges from 36 to 42 quintals per hectare with an average yield of 38.90 quintals per hectare. The yield instability of index for paddy crop in last 3 years, last 5 years and last 10 years were 0.0132, 0.0036 and 0.0167 respectively. Hence it could be concluded that there is occurrence of yield risk in the district. The actual yield of paddy was 41.90 quintals per hectare in the year 2019-20. But the sample farmers mean yield was 38.90 quintal per hectare and coefficient of variation was 3.96. Therefore it could be concluded that average yield loss from sample farmers was 1.34 quintal per hectare and it represent of 3.56 percent of yield loss among the sample farms. This indicates that there was medium risk in yield of Paddy