Enhancing Crop Insurance in India

World Bank

dc.creator	World Bank
dc.date	2012-03-19T10:12:32Z
dc.date	2012-03-19T10:12:32Z
dc.date	2011-04-01
dc.date.accessioned	2023-02-17T20:41:06Z
dc.date.available	2023-02-17T20:41:06Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110503001926
dc.identifier	http://hdl.handle.net/10986/2748
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/243117
dc.description	The broad structure of Modified National Agricultural Insurance Scheme (mNAIS), the main crop insurance program in India, is technically sound and appropriate in the context of India. The NAIS is based on an indexed approach, where average crop yield of an insurance unit, or IU, (i.e., block) is the index used. The insurance is mandatory for all farmers that borrow from financial institutions, though insurance cover is also available to non-borrowers. The actual yield of the insured crop (as measured by crop cutting experiments) in the IU is compared to the threshold yield. If the former is lower than the latter, all insured farmers in the IU are eligible for the same rate of indemnity payout. Individual crop insurance will have been prohibitively expensive, or even impossible, in a country such as India with so many small and marginal farms. Further, the method of using an 'area based approach' has several other merits and, most importantly, it mitigates moral hazard and adverse selection. This report offers detailed analysis of a number of technical and operational issues which should be addressed if mNAIS is to be implemented. GOI is to be complemented on its bold vision of the future of agriculture insurance through modifying NAIS, an action which, if well implemented, has the potential for significant economic and political economy gains. The policy note World Bank (2010) supported this vision and offered specific policy recommendations for mNAIS, with reference to the Joint Group report (2004). This technical report is intended as a complement to World Bank (2010) and also to the previous technical report World Bank (2007a), by offering detailed technical analysis of a number of issues that will be critical to the success of mNAIS.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACTUAL YIELDS
dc.subject	ADEQUATE PROTECTION
dc.subject	AGRICULTURAL INSURANCE
dc.subject	AGRICULTURAL INSURANCE SCHEME
dc.subject	ALLOCATION
dc.subject	ALLOWANCE
dc.subject	AUDITS
dc.subject	AVERAGE YIELDS
dc.subject	BANK
dc.subject	BANK LOANS
dc.subject	BASIS RISK
dc.subject	BENEFITS
dc.subject	BORROWERS
dc.subject	BUDGET
dc.subject	CAPS
dc.subject	CASH CROPS
dc.subject	CATASTROPHIC RISKS
dc.subject	CD
dc.subject	CHECK
dc.subject	CHECKS
dc.subject	CLAIM PAYMENT
dc.subject	CLAIM PAYMENTS
dc.subject	CLIMATE
dc.subject	COMMERCIAL CROPS
dc.subject	CONTINGENT DEBT
dc.subject	CONTINGENT LIABILITY
dc.subject	CONTRACT
dc.subject	CONTRACT DESIGN
dc.subject	COST OF REINSURANCE
dc.subject	COTTON
dc.subject	COTTON YIELDS
dc.subject	COVERAGE
dc.subject	CREDIBILITY
dc.subject	CREDIT
dc.subject	CROP
dc.subject	CROP INSURANCE
dc.subject	CROP INSURANCE PRODUCT
dc.subject	CROP INSURANCE PROGRAM
dc.subject	CROP INSURANCE SCHEME
dc.subject	CROP LOSS
dc.subject	CROP PRODUCTION
dc.subject	CROP YIELD
dc.subject	CROP YIELDS
dc.subject	CROPS
dc.subject	CUSTODY
dc.subject	DEFAULT
dc.subject	DEFICIT
dc.subject	DEMAND
dc.subject	DISASTER
dc.subject	DISASTER FINANCING
dc.subject	DISASTER REDUCTION
dc.subject	DROUGHT
dc.subject	EQUITY
dc.subject	FARM
dc.subject	FARM MANAGEMENT
dc.subject	FARMER
dc.subject	FARMERS
dc.subject	FARMING
dc.subject	FARMS
dc.subject	FIELD WORK
dc.subject	FINANCE
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL SUPPORT
dc.subject	FLOOR PRICE
dc.subject	FOOD CROPS
dc.subject	FOOD GRAINS
dc.subject	FRAUD
dc.subject	FUTURE
dc.subject	GLOBAL CAPITAL
dc.subject	GLOBAL CAPITAL MARKET
dc.subject	GOOD
dc.subject	GOVERNMENT FINANCING
dc.subject	GOVERNMENT SUBSIDIES
dc.subject	GOVERNMENT SUBSIDY
dc.subject	GRAIN
dc.subject	GROUNDNUT
dc.subject	HARVESTING
dc.subject	HOLDINGS
dc.subject	HUMAN RESOURCES
dc.subject	INCOME
dc.subject	INDEMNITIES
dc.subject	INDEMNITY
dc.subject	INFORMATION
dc.subject	INFORMATION SYSTEMS
dc.subject	INSTRUMENT
dc.subject	INSURABILITY
dc.subject	INSURANCE CLAIMS
dc.subject	INSURANCE COMPANY
dc.subject	INSURANCE COVER
dc.subject	INSURANCE PAYMENTS
dc.subject	INSURANCE PAYOUT
dc.subject	INSURANCE PENETRATION
dc.subject	INSURANCE POLICY
dc.subject	INSURANCE PORTFOLIO
dc.subject	INSURANCE PREMIUM
dc.subject	INSURANCE PRODUCT
dc.subject	INSURANCE PRODUCTS
dc.subject	INSURANCE RISK
dc.subject	INSURANCE SCHEME
dc.subject	INSURERS
dc.subject	INTEREST
dc.subject	INTERNATIONAL REINSURANCE
dc.subject	INTERNATIONAL STANDARDS
dc.subject	LABOR FORCE
dc.subject	LANDSLIDES
dc.subject	LENDERS
dc.subject	LENDING
dc.subject	LEVEL OF RISK
dc.subject	LIABILITIES
dc.subject	LOANS
dc.subject	LOSS
dc.subject	LOSS RATIO
dc.subject	LOSSES
dc.subject	MAIZE
dc.subject	MARGINAL FARMERS
dc.subject	MARKET
dc.subject	MARKET PRICE
dc.subject	MARKETS
dc.subject	MITIGATION
dc.subject	MOBILE PHONE
dc.subject	MODELS
dc.subject	MORAL HAZARD
dc.subject	OILSEED CROPS
dc.subject	OILSEEDS
dc.subject	OPTION
dc.subject	OPTIONS
dc.subject	PADDY
dc.subject	PARTIAL RISK
dc.subject	PAYMENT HISTORY
dc.subject	PAYMENT SYSTEM
dc.subject	PENALTIES
dc.subject	PLANNING
dc.subject	POLICIES
dc.subject	POLICY MAKERS
dc.subject	POLITICAL ECONOMY
dc.subject	PORTFOLIO RISK
dc.subject	POST HARVEST LOSSES
dc.subject	POVERTY
dc.subject	PREMIUMS
dc.subject	PRICE
dc.subject	PRICING
dc.subject	PROBABILITY DENSITY
dc.subject	PRODUCE
dc.subject	PROGRAMS
dc.subject	PUBLIC INSURANCE
dc.subject	RATES
dc.subject	REINSURANCE CAPACITY
dc.subject	REINSURANCE MARKETS
dc.subject	REINSURERS
dc.subject	REPLANTING
dc.subject	REPORTS
dc.subject	RESERVES
dc.subject	REVENUE
dc.subject	RISK ANALYSIS
dc.subject	RISK ASSESSMENT
dc.subject	RISK ASSESSMENTS
dc.subject	RISK MANAGEMENT
dc.subject	RISK POOLING
dc.subject	RISK PROFILE
dc.subject	RISK SHARING
dc.subject	RISKS
dc.subject	SCENARIOS
dc.subject	SETTLEMENT
dc.subject	SHARE
dc.subject	SOWING
dc.subject	SUSTAINABILITY
dc.subject	TEA
dc.subject	TECHNOLOGIES
dc.subject	TECHNOLOGY
dc.subject	TIMELY PAYMENT
dc.subject	TIMELY PAYMENTS
dc.subject	TRANSFER RISK
dc.subject	TRANSPARENCY
dc.subject	UNDERWRITING
dc.subject	VALUE
dc.subject	WHEAT
dc.subject	YIELDS
dc.title	Enhancing Crop Insurance in India
dc.type	Economic & Sector Work :: Other Agricultural Study
dc.coverage	South Asia
dc.coverage	South Asia
dc.coverage	Asia
dc.coverage	India