The Indian Crop Insurance Puzzle: A Discourse from Behavioral Science Perspective
| Autor: | Muthuprasad Thiyaharajan, Subash Surendran Padmaja, Girish K. Jha, Aditya Korekallu Srinivasa |
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| Rok vydání: | 2021 |
| Předmět: |
0106 biological sciences
Crop insurance Public economics business.industry Perspective (graphical) Climate change Behavioural sciences Subsidy Context (language use) 02 engineering and technology 01 natural sciences Product (business) Agriculture 0202 electrical engineering electronic engineering information engineering 020201 artificial intelligence & image processing business Engineering (miscellaneous) 010606 plant biology & botany |
| Zdroj: | National Academy Science Letters. 44:377-382 |
| ISSN: | 2250-1754 0250-541X |
| Popis: | Crop insurance is an important policy instrument to shield farmers from risks in farming and it is even more important in the present context, when the climate change led crop losses are on the rise. Unfortunately, only 28% of the gross cropped area in India is under insurance coverage despite of highly subsidized insurance package under the flagship program of Pradhan Mantri Fasal Bima Yojana . In this paper, we examine few behavioral insights which explain the low adoption of insurance product. We also discuss few behaviorally smart policies options to increase the adoption of crop insurance. |
| Databáze: | OpenAIRE |
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