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Crop Insurance in
India
Presented by
Gourav Kumar Vani
What is Insurance ?
According to Word Web Dictionary “Promise of
reimbursement in the case of loss; paid to people or
comp...
What is Crop Insurance ?
Crop insurance is an insurance arrangement
aiming at mitigating the financial losses
suffered by ...
Why we need Crop Insurance ?
For Farmer

Crop
Insurance
stability in area
cultivation.

brings
under

Can avoid the loose ...
Concepts need to be understood in Insurance
Indemnity: legal compensation given to claimant by insurance company.
•Indemni...
Mechanism of Crop Insurance in India
1. Union Government announces the scheme for Crop Insurance.
2. State Government noti...
•1970- Expert committee on Crop insurance appointed by
GOI headed by Dharamnarain ruled out possibility of crop
insurance....
National Agricultural Insurance Scheme (NAIS)

Background
•In vogue since Rabi 1999-00
•Greater coverage of farmers, crops...
LIMITATIONS OF NAIS
•Larger unit area results in unrealistic assessment of crop loss and payment
of compensation.
•Low ind...
Constitution of Joint Group
•To study the improvements required in the existing
schemes a Joint Group was constituted in t...
Main recommendations of the Group are:Reduction in the unit area of insurance to the level of village panchayat for
major...
 Post-harvest losses on account of cyclone are to be
covered in coastal areas.
 Uniform seasonality discipline for loane...
Insurance cover to perennial horticultural crops and
vegetables is to be provided.
The NAIS is proposed to be placed on ...
PERFORMANCE OF
NAIS FROM RABI
1999-2000 TO KHARIF
2011-12.
27-Dec-13

14
Table No. 1: Share (%) Of Top Five States In NAIS by Different Parameters

RANK

NO. OF
FARMERS
COVERED

SUM
INSURED

GROS...
Table No.2: Overall Performance of Different States
Rank

State

1

A.P.

2

M.H.

3

M.P.

4

U.P.

5

KAR

6

Odisha

7
...
WEATHER BASED CROP INSURANCE SCHEME
(WBCIS)
While due to adverse weather conditions, crop may not suffer the loose of yiel...
Amount of insurance protection (sum insured) is broadly the cost of inputs
expected to be incurred by the insured in raisi...
CROPS PREMIUM PAYABLE BY THE INSURED CULTIVATOR
FOOD CROPS & OIL SEEDS
1 Wheat: 1.5% or Actuarial Rate, whichever is less
...
WHAT ARE CRITICAL
DIFFERENCES
BETWEEN NAIS AND
WBCIS ?
27-Dec-13

20
CHARACTERISTC

NAIS

WBCIS

RISK COVERED

Practically all risks covered
(drought, excess rainfall, flood,
hail, pest infes...
PERFORMANCE OF
WBCIS FROM
KHARIF 2007 TO
RABI2011-12.
22
27-Dec-13
Table No. 3:Share (%) Of Top Five States In WBCIS by Different Parameters
Rank

No. Of
farmers
covered

Area covered Sum i...
Advantages of WBCIS
a) Trigger events like adverse weather (rainfall, temperature, relative humidity etc.) can be independ...
An illustration of Ganganagar Tehsil of Ganganagar District in
Rajasthan for Wheat crop is given below:
District: Ganganag...
27-Dec-13

26
Payout starts if the mean temperature for any fortnight rises
above certain critical level
over & above the trigger
temper...
WHAT IS MNAIS ?
TO MAKE THE NAIS MORE FARMER FRIENDLY , NAIS WAS MODIFIED
AND RENAMED AS MNAIS W.E.F. RABI 2010-11.
(i)act...
•Loanee farmers will be insured under „compulsory category‟ while non-loanee farmers will be
insured under „voluntary cate...
27-Dec-13

30
27-Dec-13

31
27-Dec-13

32
PERFORMANCE
OF MNAIS FROM
KHARIF 2007 TO
RABI2011-12.
27-Dec-13

33
Table No. 4:Share (%) Of Top Five States In MNAIS by Different Parameters
Rank

No. Of
farmers
covered

Area
covered

Sum ...
THANK YOU FOR YOUR
KIND ATTENTION

ANY
QUESTION ?
27-Dec-13

35
36

27-Dec-13
PERFORMANCE OF NAIS FROM RABI 1999-2000 TO KHARIF 2012
SHARE OF STATES IN AREA COVERED
28800.84

ANDHRA PRADESH
CHHATTISGA...
SHARE OF TOP 10 STATES IN NO. OF FARMERS COVERED UNDER
NAIS
10834.76

ANDHRA PRADESH

28360.77

21531.59

GUJARAT
KARNATAK...
39

27-Dec-13
Dictionary: http://thelawdictionary.org/claimratio/#ixzz2ob5Nfn5h

40

27-Dec-13
41

27-Dec-13
Title and Content Layout with List
• Add your first bullet point here

• Add your second bullet point here
• Add your thir...
43

27-Dec-13
44

27-Dec-13
Two Content Layout with SmartArt
• Add your first bullet point here

• Add your third bullet point here

45

Group 1

Grou...
Picture with
Caption Layout
Caption

46

27-Dec-13
47

27-Dec-13
Two Content Layout with Table
• First bullet point here

Group 1

Group 2

• Second bullet point here

Class 1

82

95

• ...
50

27-Dec-13
Chronology of Agricultural Insurance in India
•1970- Expert committee on Crop insurance appointed by GOI headed by
Dharamn...
•2004 Jan- FIIs (Farm Income Insurance scheme) inaugurated by MOA and AIC
jointly. This scheme provides broader risk insur...
Crop insurance. presentation by gourav kumar vani pptx
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Crop insurance. presentation by gourav kumar vani pptx

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THIS PRESENTATION LET THE READER KNOW ABOUT BASICS OF CROP INSURANCE IN A NUT SHELL.

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  • Insurance is a federal subject in India. It is a subject matter of solicitation. The legislations that deal with insurance business in India are Insurance Act, 1938 and Insurance Regulatory & Development Authority Act (IRDA), 1999.Insurance is defined as is a form of risk management primarily used to hedge against unforeseen risks of contingent losses. Another definition for Insurance is the equitable transfer of the risks from the possibility of occurrence of losses, from one entity to another (or host of others), by the method of diversification in exchange for a premium. As a result the ramifications of a large and devastating loss can be minimized to a great extent. An Insurer is a company designing, promoting and selling the insurance products and services amongst the public. An insured or policyholder is the person or entity purchasing the insurance products and services. Risk management, the practice of appraising and controlling everpervading risks, has evolved as a discrete field of study and practice. The study of Insurance incorporates the discipline of Risk Management which acts as a driving force.
  • parametric weather parameters appear to account for majority of crop losses.BASIS RISK [difference between the yield of the Area (Block / Tehsil) and the individual farmers].CCEs MEANS CROP CUTTING EXPERIMENT.
  • Coverage FOR POST HARVEST LOSSES is available only for those crops, which are allowed to dry in the field after harvesting against specified perils of cyclone in coastal areas, resulting in damage to harvested crop. Further, the coverage is available only upto a maximum period of two weeks from harvesting. Assessment of damage will beon individual basis.
  • Transcript of "Crop insurance. presentation by gourav kumar vani pptx"

    1. 1. Crop Insurance in India Presented by Gourav Kumar Vani
    2. 2. What is Insurance ? According to Word Web Dictionary “Promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company”. A more technical definition can be “Insurance is a financial arrangement whereby losses suffered by a few are met from the funds accumulated through small contributions made by many whom are exposed to similar risks”. 27-Dec-13 2
    3. 3. What is Crop Insurance ? Crop insurance is an insurance arrangement aiming at mitigating the financial losses suffered by the farmers due to damage and destruction of their crops as a result of various production risks. 27-Dec-13 3
    4. 4. Why we need Crop Insurance ? For Farmer Crop Insurance stability in area cultivation. brings under Can avoid the loose incurred due to vagaries of weather Pest and Diseases Fire For consumers and traders, a more stable market. Market Prices Other unpreventable losses. For Farmer, it brings stability in income. For Banks Increasing the repayment capacity of debtor. Avoiding the risk of non payment in events of crop damage or failure. For Govt. Reducing the payment of relief package. 27-Dec-13 A Prosperous, stable and happy nation. 4
    5. 5. Concepts need to be understood in Insurance Indemnity: legal compensation given to claimant by insurance company. •Indemnity Level: •Area Approach: While in Life or Health Insurance company deals at individual level to process the insurance claims but in Agriculture it is difficult in India owing to presence of large no. of marginal and small land holdings and hence insurance company deals with a group of farmers at District/Hobli/Taluka level. Crop Cutting Experiment: In order to obtain fair, precise and accurate estimate of yield of principal crops. These experiments are conducted through stratified random sampling technique taking block as a primary unit of planning. Claim ratio:Ratio of a insurance firm‟s claims total paid added to the loss adjustments against the premiums earned. Known also as loss ratio. 5 27-Dec-13
    6. 6. Mechanism of Crop Insurance in India 1. Union Government announces the scheme for Crop Insurance. 2. State Government notifies it for its respective states to participate in the scheme. 3. State Government designates nodal authority in the state to look after the implementation of scheme in addition to one Central Authority at National Level. 4. State nodal authority provides the administrative set up to facilitate implementation. 5. Farmers approach nearest office responsible for implementation. 6. For loanee farmers it is compulsory and bank sanctions additional amount for insurance. 7. Upon damage based on area approach insurance company will give indemnity amount. 27-Dec-13 6
    7. 7. •1970- Expert committee on Crop insurance appointed by GOI headed by Dharamnarain ruled out possibility of crop insurance. 2007-Kharif – WBCIS (Weather Based Crop Insurance Scheme) on Pilot basis implemented in KARby AIC covering 8 rain fed districts. 1973- Insurance on Pilot basis for H-4 cotton introduced by GIC. 2010-11 Rabi -MNAIS •1999-22nd–June- NAIS launched by GOI, implemented from Rabi 1999-2000 by GIC. •2002-20th –Dec- Responsibly of NAIS transferred from GIC to AIC. •1999-2000 Rabi- Seed Crop Insurance introduced for 11 crops in 10 states. 1985-Comprehensive Crop insurance Scheme (CCIS) by GIC started. •1973- GIC (General Insurance Company) set up by GOI to do all types of insurance business throughout nation with four Subsidiaries. was launched. It is modified version of NAIS. It was initially launched in 50 districts of India. 2007-08 Rabi- WBCIS implemented on larger Scale. 2004 Jan- FIIs (Farm Income Insurance scheme) inaugurated by MOA and AIC jointly. 27-Dec-13 7
    8. 8. National Agricultural Insurance Scheme (NAIS) Background •In vogue since Rabi 1999-00 •Greater coverage of farmers, crops & risks •Rationalized premia structure •Optional to States/ UTs •Compulsory for loanee farmers Risk Covered Non- preventable risks Sum insured- upto value of TY Insurance beyond TY upto 150% of AY at actuarial rate Premium FOOD CROPS AND OILSEEDS •Bajra & Oilseeds: 3.5% of Sum Insured(SI) or Actuarial rate, whichever is less •Other Kharif crops: 2.5% of SI or Actuarial rate, whichever is less •Wheat: 1.5% of SIor Actuarial rate, whichever is less •Other Rabi Crops: 2.0% of SIor Actuarial rate, whichever is less ANNUAL COMM./HORT. CROPS: Actuarial rates PREMIUM SUBSIDY •50% subsidy for SF/MF - to be phased out in 5 years on sun set basis. At present 10% subsidy is available to be shared on 50 : 50 basis by Central & State govt. 8 27-Dec-13
    9. 9. LIMITATIONS OF NAIS •Larger unit area results in unrealistic assessment of crop loss and payment of compensation. •Low indemnity level and unfavorable threshold yield. •Limited Coverage - Perennial crops; pre-sowing and post-harvest losses are not covered •Compulsory coverage of loanee farmers. •Phasing out of premia subsidy on sunset basis is resisted/ objected to by some States. •Delay in payment of claims on account of late submission of yield data, share of funds by Centre/State and discrepancies/disputes in the claims •Inadequate infra-structure in the field. •Little interest is shown by Banks in the implementation of the scheme •Low awareness of the scheme at the ground level. 27-Dec-13 9
    10. 10. Constitution of Joint Group •To study the improvements required in the existing schemes a Joint Group was constituted in the Ministry of Agriculture. •The Joint Group made in-depth study of each and every issue. •The Group submitted its report on 20.12.2004 and made number of recommendations. 10 27-Dec-13
    11. 11. Main recommendations of the Group are:Reduction in the unit area of insurance to the level of village panchayat for major crops. Threshold/guaranteed yield is proposed to be based on best 5 years out of preceding 7 years yield data. Indemnity levels will be 90% for low risk areas/crops and 80% for other areas/crops. It is proposed to cover pre-sowing/planning risks (i.e. prevented sowing on account of adverse seasonal conditions). The indemnity payable may range between 20% - 25% of sum insured. 27-Dec-13 11
    12. 12.  Post-harvest losses on account of cyclone are to be covered in coastal areas.  Uniform seasonality discipline for loanee and non-loanee farmers is to be followed in consultation with the States/UTs.  On account payment of claims is to be made during the season on the basis of weather data or satellite imagery so as to make timely payment of claims.  An individual assessment of claims will be carried out in case of specified localized calamities viz. hailstorm, landslide and damage due to wild animals. 27-Dec-13 12
    13. 13. Insurance cover to perennial horticultural crops and vegetables is to be provided. The NAIS is proposed to be placed on actuarial regime. But the premium actually paid by the farmers are to be suitably subsidized. A composite Package insurance covering all assets of the farmers besides crops should be included so as to provide comprehensive insurance coverage. 27-Dec-13 13
    14. 14. PERFORMANCE OF NAIS FROM RABI 1999-2000 TO KHARIF 2011-12. 27-Dec-13 14
    15. 15. Table No. 1: Share (%) Of Top Five States In NAIS by Different Parameters RANK NO. OF FARMERS COVERED SUM INSURED GROSS PREMIUM PREMIUM SUBSIDY CLAIMS NO. OF FARMERS BENEFITTED AREA INSURED 1 M.H. 16 A.P. 19 A.P. 19 W.B. 19 A.P. 18 M.H. 18 M.P. 21 2 A.P. 14 M.P. 14 GUJ 16 T.N. 17 GUJ 17 A.P. 13 A.P. 14 3 M.P. 13 GUJ 12 M.P. 14 A.P. 16 RAJ 10 RAJ 10 RAJ 10 4 U.P. 11 U.P. 10 M.H. 9 M.H. 14 BIH 9 KAR 10 GUJ 10 5 RAJ 7 M.H. 7 U.P. 7 GUJ 9 M.H. 8 M.P. 9 U.P. 9 65 62 Share of top 5 states 61 62 75 M.P. : MADHYA PRADESH , A.P.: ANDHRA PRADESH , T.N.: TAMIL NADU, BIH: BIHAR, M.H.: MAHARASHTRA, RAJ: RAJASTHAN, GUJ: GUJARAT, KAR: KARNATAKA, U.P.: UTTAR PRADESH, W.B.: WEST BENGAL. Source: Agriculture Insurance Company of India Limited. 60 64 15 27-Dec-13
    16. 16. Table No.2: Overall Performance of Different States Rank State 1 A.P. 2 M.H. 3 M.P. 4 U.P. 5 KAR 6 Odisha 7 RAJ 7 Tamil Nadu 9 Gujarat 10 W.B. 27-Dec-13 Source: Agriculture Insurance Company of India Limited. 16
    17. 17. WEATHER BASED CROP INSURANCE SCHEME (WBCIS) While due to adverse weather conditions, crop may not suffer the loose of yield but there can be lose in the quality of produce. It is not Yield guarantee insurance. It takes into account weather parameters like rainfall, temperature, frost, humidity etc. Based on concept of Area Approachi.e., for the purposes of compensation, a ‘Reference Unit Area (RUA)’ shall be deemed to be a homogeneous unit of Insurance. This RUA shall be notified before the commencement of the season by the State Government and all the insured cultivators of a particular insured crop in that Area will be deemed to be on par in the assessment of claims. Each RUA is linked to a Reference Weather Station (RWS), on the basis of which current weather data and the claims would be processed. 27-Dec-13 17
    18. 18. Amount of insurance protection (sum insured) is broadly the cost of inputs expected to be incurred by the insured in raising the crop. Sum insured is predeclared per unit area (Hectare) by AIC at the beginning of every crop season, in consultation with experts in State Government; and it may be different for different crops in different RUAs. Sum Insured = cost of inputs per unit area * acreage under the crop declared by the farmer. Premium rates depend on the „expected loss‟, which in turn depends on the patterns of weather parameters of historical period of about 25 to 100 years in the context of ideal weather requirements of a crop. In other words, the premium rate could vary with each RUA and with each Crop. Premium rates are capped for the cultivator; and the premium (rates) beyond the cap are shared by the Central and concerned State government on 50:50 basis. 27-Dec-13 18
    19. 19. CROPS PREMIUM PAYABLE BY THE INSURED CULTIVATOR FOOD CROPS & OIL SEEDS 1 Wheat: 1.5% or Actuarial Rate, whichever is less 2 Other Crops (other cereals, Millets, Pulses, Oilseeds): 2.0% or Actuarial Rate, whichever is less ANNUAL COMMERCIAL / HORTICULTURE CROPS (subsidy and premium slabs) 1 Upto 2%: No Subsidy 2 >2 - 5%: 25%subsidy, subject to minimum net Premium of 2% payable by farmer 3 >5 - 8%: 40%, subject to minimum net Premium of 3.75% payable by farmer 4 >8%: 50% subsidy, subject to minimum net Premium of 4.8% & Max 6% payable by farmer The ‘net premium payable in case of the insured loanee cultivator is financed the Lending Bank. 27-Dec-13 19
    20. 20. WHAT ARE CRITICAL DIFFERENCES BETWEEN NAIS AND WBCIS ? 27-Dec-13 20
    21. 21. CHARACTERISTC NAIS WBCIS RISK COVERED Practically all risks covered (drought, excess rainfall, flood, hail, pest infestation, etc.) Parametric weather related risks are covered. DATA REQUIREMENTS AND EASE OF DESIGNING Easy-to-design if historical yield data up to 10 years‟ is available. Technical challenges in designing weather indices and also correlating weather indices with yield losses. Needs up to 25 years‟ historical weather data. BASIS RISK High basis risk high for rainfall and moderate for others like frost, heat, humidity etc. OBJECTIVITY AND TRANSPARENCY Relatively less. Relatively high QUANTITY LOSSES Beyond consideration. To some extent gets reflected through weather index. COST OF CCEs High No cost CLAIM SETTLEMENT Delayed Faster GOVT.’S FINANCIAL LIABILITIES open ended, as it supports the claims subsidy close ended, as it supports the premium subsidy 27-Dec-13 21
    22. 22. PERFORMANCE OF WBCIS FROM KHARIF 2007 TO RABI2011-12. 22 27-Dec-13
    23. 23. Table No. 3:Share (%) Of Top Five States In WBCIS by Different Parameters Rank No. Of farmers covered Area covered Sum insured Gross premium Premium subsidy Claims No. Of farmers benefited 1 RAJ 61 RAJ 66 RAJ 43 RAJ 43 RAJ 43 RAJ 46 RAJ 46 2 BIH 20 BIH 16 BIH 28 BIH 25 BIH 27 BIH 22 BIH 29 3 A.P. 6 A.P. 6 A.P. 12 A.P. 13 A.P. 11 A.P. 13 A.P. 8 4 GUJ 3 M.P. 3 M.P. 5 M.H. 5 M.H. 6 M.P. 5 M.H. 4 5 M.H. 3 M.H. 2 M.H. 4 M.P. 5 M.P. 5 M.H. 4 M.P. 4 SHARE OF TOP 5 93 93 91 91 92 90 M.P. : MADHYA PRADESH, A.P.: ANDHRA PRADESH, BIH: BIHAR, GUJ: GUJARAT, M.H.: MAHARASHTRA, RAJ: RAJASTHAN. Source: Agriculture Insurance Company of India Limited. 27-Dec-13 91 23
    24. 24. Advantages of WBCIS a) Trigger events like adverse weather (rainfall, temperature, relative humidity etc.) can be independently verified & measured. b) It allows for speedy settlement of claims, say within 45 days from the end of the insurance period. c) All cultivators – irrespective of Loanee or Non-Loanee; Small / Marginal or Others; Owners or Tenants / Sharecroppers can buy Weather Based Crop Insurance Scheme (WBCIS). d) The Government is providing Subsidy in Premium and hence, the premium payable by the cultivator is affordable. e)It provides transparent, fully objective, efficient & direct payouts for adverse weather incidences and thus, an effective risk mitigation tool against weather risks. f) The insured is not required to submit claim form or other documents as proof for his/ her loss. The claim payout is automatically calculated on the basis of weather data collected from the Reference Weather Station at the Tehsil / Block level. g) Since the weather data decides the compensation, the insured retains the incentive for putting in extra effort for getting better yield of his / her crop. 27-Dec-13 24
    25. 25. An illustration of Ganganagar Tehsil of Ganganagar District in Rajasthan for Wheat crop is given below: District: Ganganagar, Block: Ganganagar Crop: Wheat ,Sowing: Standard Sowing Period Sum Insured per Hectare: (Rs.) 22,500 Sum Insured per Acre: (Rs.) 9,000 Reference Weather Station: IMD/ Automatic Weather Stations (AWS) at Ganganagar. COVER 1: Heat or Rise in Mean Temperature Cover Objective: To cover anticipated yield loss due to rise in atmospheric temperature Cover period: 1st January to 31st March 27-Dec-13 25
    26. 26. 27-Dec-13 26
    27. 27. Payout starts if the mean temperature for any fortnight rises above certain critical level over & above the trigger temperatures. , a rise in fortnightly mean temperature by 4 C during 2nd fortnight of January would result in a payout of 3.99% of sum insured, i.e. Rs. 897.75 per hectare or Rs. 359.10 per acre. The payouts determined on the above basis, in each of the fortnights shall be added for all the fortnights from January to March to arrive at the final payout under this cover subjected to the terms and conditions specified in the policy. 27-Dec-13 27
    28. 28. WHAT IS MNAIS ? TO MAKE THE NAIS MORE FARMER FRIENDLY , NAIS WAS MODIFIED AND RENAMED AS MNAIS W.E.F. RABI 2010-11. (i)actuarial premiums will be paid for insuring crops and hence claims liability will be on insurer; (ii) unit area of insurance for major crops is village/village Panchayat; (iii) indemnity amount will become payable, for prevented sowing/planting risks and for post harvest losses, due to cyclones; (iv) on account payment up to 25% of likely claim under MNAIS will be released as advance, for providing immediate relief to farmers;(ONLY IF ACTUAL YIELDS ARE LESS THAN 50% OF ASSURED YIELD). (v) uniform seasonality norms will be applicable for both loanee and non-loanee farmers; (vi) more proficient basis for calculation of threshold yield (average yield of last seven years excluding up to two years of declared natural calamity) will be applicable; and (vii) minimum indemnity level in case of MNAIS of 70% will be, instead of 60% as in NAIS. 27-Dec-13 28
    29. 29. •Loanee farmers will be insured under „compulsory category‟ while non-loanee farmers will be insured under „voluntary category‟. •Private sector insurers with adequate infrastructure and experience will also be permitted to implement MNAIS. NAIS will be withdrawn for those area(s)/crop(s) of districts, in which MNAIS will be implemented. Subsidy to Farmers 1 Up to 2% Nil 2 >2 - 5% 40% subject to minimum net premium of 2% 3 >5 – 10% 50% subject to minimum net premium of 3% 4 >10 –15% 60% subject to minimum net premium of 5% 5 >15% 75% subject to minimum net premium of 6%. In case of localized risks, viz. hailstorm and landslide, the claims will be assessed on individual basis. For other calamities the assessment will be on the basis of ‘area approach’. 27-Dec-13 29
    30. 30. 27-Dec-13 30
    31. 31. 27-Dec-13 31
    32. 32. 27-Dec-13 32
    33. 33. PERFORMANCE OF MNAIS FROM KHARIF 2007 TO RABI2011-12. 27-Dec-13 33
    34. 34. Table No. 4:Share (%) Of Top Five States In MNAIS by Different Parameters Rank No. Of farmers covered Area covered Sum insured Gross premium Premium subsidy Claims No. Of farmers benefited 1 W.B. 20 KAR 19 A.P. 21 W.B. 32 W.B. 38 W.B. 28 W.B. 22 2 U.P. 17 RAJ 16 W.B. 18 BIH 14 BIH 15 T.N. 22 KAR 18 3 RAJ 13 A.P. 14 U.P. 13 KAR 14 KAR 14 KAR 12 U.P. 14 4 KAR 12 U.P. 12 KAR 9 A.P. 11 A.P. 7 HAR 10 T.N. 9 5 A.P. 11 BIH 9 RAJ 9 RAJ 8 RAJ 7 RAJ 9 A.P. 8 SHARE OF TOP 5 73 70 70 79 81 81 71 A.P.: ANDHRA PRADESH , T.N.: TAMIL NADU, BIH: BIHAR, RAJ: RAJASTHAN, KAR: KARNATAKA, U.P.: UTTAR PRADESH, W.B.: WEST BENGAL. 27-Dec-13 Source: Agriculture Insurance Company of India Limited. 34
    35. 35. THANK YOU FOR YOUR KIND ATTENTION ANY QUESTION ? 27-Dec-13 35
    36. 36. 36 27-Dec-13
    37. 37. PERFORMANCE OF NAIS FROM RABI 1999-2000 TO KHARIF 2012 SHARE OF STATES IN AREA COVERED 28800.84 ANDHRA PRADESH CHHATTISGARH 43457.17 31379.98 GUJARAT 19780.88 KARNATAKA 23496.16 MADHYA PRADESH 30504.84 MAHARASHTRA ODISHA 27482.45 20390.52 RAJASTHAN UTTAR PRADESH 66060.76 37 27-Dec-13
    38. 38. SHARE OF TOP 10 STATES IN NO. OF FARMERS COVERED UNDER NAIS 10834.76 ANDHRA PRADESH 28360.77 21531.59 GUJARAT KARNATAKA 13265.78 15058.67 MADHYA PRADESH MAHARASHTRA 12788.11 14355.64 RAJASTHAN 26632.81 31765.82 27-Dec-13 ODISHA UTTAR PRADESH WEST BENGAL 38
    39. 39. 39 27-Dec-13
    40. 40. Dictionary: http://thelawdictionary.org/claimratio/#ixzz2ob5Nfn5h 40 27-Dec-13
    41. 41. 41 27-Dec-13
    42. 42. Title and Content Layout with List • Add your first bullet point here • Add your second bullet point here • Add your third bullet point here 42 27-Dec-13
    43. 43. 43 27-Dec-13
    44. 44. 44 27-Dec-13
    45. 45. Two Content Layout with SmartArt • Add your first bullet point here • Add your third bullet point here 45 Group 1 Group 2 Group 3 Group 4 Group 5 • Add your second bullet point here Group 6 27-Dec-13
    46. 46. Picture with Caption Layout Caption 46 27-Dec-13
    47. 47. 47 27-Dec-13
    48. 48. Two Content Layout with Table • First bullet point here Group 1 Group 2 • Second bullet point here Class 1 82 95 • Third bullet point here Class 2 76 88 Class 3 84 90 48 27-Dec-13
    49. 49. 50 27-Dec-13
    50. 50. Chronology of Agricultural Insurance in India •1970- Expert committee on Crop insurance appointed by GOI headed by Dharamnarain ruled out possibility of crop insurance. •1973- GIC (General Insurance Company) set up by GOI to do all types of insurance business throughout nation with four Subsidiaries. •1973- Insurance on Pilot basis for H-4 cotton introduced by GIC. •1985-Comprehensive Crop insurance Scheme (CCIS) by GIC started. •1999-23rd –June- NAIS ( National Agricultural Insurance Scheme) launched by Prime Minister and implemented from Rabi 1999-2000 by GIC. •1999-2000 Rabi- Seed Crop Insurance introduced for 11 crops in 10 states. •2002-20th –Dec- Responsibly of NAIS transferred from GIC to AIC (Agriculture Insurance Company of India Ltd.). 27-Dec-13 51
    51. 51. •2004 Jan- FIIs (Farm Income Insurance scheme) inaugurated by MOA and AIC jointly. This scheme provides broader risk insurance for agricultural income due to adverse natural calamities and fluctuation in market prices of the agricultural crops. The farmers income would be protected by ensuring minimum guarantee income. 2007-Kharif – WBCIS (Weather Based Crop Insurance Scheme) on Pilot basis implemented in Karnataka by AIC covering 8 rain fed districts. 2007-08 Rabi- WBCIS implemented on larger scale. 2010-11 Rabi -MNAIS was launched. It is modified version of NAIS. It was initially launched in 50 districts of India. 27-Dec-13 52
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