Problems and Challenges Faced by Indian Agriculture in Current Scenario

Document Type : Primary Research paper

Authors

1 Research Scholar, Department Mathematics & Actuarial Science, B S Abdur Rahman Crescent Institute of Science & Technology, Chennai, 600048, India

2 Professor, Department Mathematics & Actuarial Science, B S Abdur Rahman Crescent Institute of Science & Technology, Chennai, 600048, India

3 Associate Professor, Department Mathematics & Actuarial Science, B S Abdur Rahman Crescent Institute of Science & Technology, Chennai, 600048, India,

Abstract

Agriculture is providing the best support to Indian Economy. More than 70% of the total population depending on it. This working paper discusses the dependence of Indian agriculture on uncertain rains, drought, cyclone, pest, hail, disease. Etc.. In addition the farmers experience in different kinds of risks from sowing to harvesting related to different crop enterprises and for different agro-climatic regions and areas. It then indicates for the demand for crop insurance as an alternative to manage production risk. It then brings up the historical overview of crop insurance products and their operation. It is followed by the discussion on the current available crop insurance products for specific crops and regions and also it discusses the recent products with its special features and its defects in those products.

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