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Role of Crop Insurance in National Food Security

International Journal of Banking, Risk and Insurance

Volume 2 Issue 1

Published: 2014
Author(s) Name: Ram Prakash, Lalit Gupta | Author(s) Affiliation:
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Abstract

Food Security Bill (FSB) is considereda boon for Indian people who live with meager income, starve and hunger. Farmersare means for Right to Food as producer of food grains, maintenance stock of food grains in granaries, for Public Distribution System (PDS). This article attempts to provide some facts regarding FSB. Indian agriculture revolves more or less on monsoon and catastrophic conditions with risk of natural hazards. Crop insurance is an avenue for the FSB to curtail risk of Indian agriculture to sustain yield. The authors depend on some research papers and other literature surveyed to the nature of Indian Agriculture, its indemnification and challenges to the FSB, further, to learn about the role and extent of the crop insurance in India. The paper aims at providing suggestions and remedies to curbs the challenges to the FSB and its better application through crop insurance.

Keywords: National Food Security, Indian Agriculture, Crop Insurance

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