Asia 18/08/2015
India: Has crop insurance scheme failed farmers?
As many as 10,676 growers paid the premium to avail themselves of the benefits of the insurance scheme. As per the data obtained from T. Ramachandraiah, Joint Director of Agriculture Department, the total premium paid by farmers in 2014 was Rs. 35.1
Altogether, Rs. 70 million ($1 million USD) was paid as premium to cover 8,228.4 ha of land to the Agriculture Insurance Company of India. The insured amount was Rs. 58.06 crore. As many as 10,698 farmers, in return, got Rs. 16.7 million ($256,000 USD) in the form of claims. On an average, each farmer got around Rs. 1,500.
Fuente: http://www.freshplaza.com/article/144274/India-Has-crop-insurance-scheme-failed-farmers
