Enhancing Crop Insurance in India

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dc.creatorWorld Bank
dc.date2012-03-19T10:12:32Z
dc.date2012-03-19T10:12:32Z
dc.date2011-04-01
dc.date.accessioned2026-07-01T00:46:56Z
dc.descriptionThe 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.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://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.identifierhttps://hdl.handle.net/10986/2748
dc.identifierhttps://doi.org/10.1596/2748
dc.identifier.urihttp://hdl.handle.net/123456789/410904
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACTUAL YIELDS
dc.subjectADEQUATE PROTECTION
dc.subjectAGRICULTURAL INSURANCE
dc.subjectAGRICULTURAL INSURANCE SCHEME
dc.subjectALLOCATION
dc.subjectALLOWANCE
dc.subjectAUDITS
dc.subjectAVERAGE YIELDS
dc.subjectBANK
dc.subjectBANK LOANS
dc.subjectBASIS RISK
dc.subjectBENEFITS
dc.subjectBORROWERS
dc.subjectBUDGET
dc.subjectCAPS
dc.subjectCASH CROPS
dc.subjectCATASTROPHIC RISKS
dc.subjectCD
dc.subjectCHECK
dc.subjectCHECKS
dc.subjectCLAIM PAYMENT
dc.subjectCLAIM PAYMENTS
dc.subjectCLIMATE
dc.subjectCOMMERCIAL CROPS
dc.subjectCONTINGENT DEBT
dc.subjectCONTINGENT LIABILITY
dc.subjectCONTRACT
dc.subjectCONTRACT DESIGN
dc.subjectCOST OF REINSURANCE
dc.subjectCOTTON
dc.subjectCOTTON YIELDS
dc.subjectCOVERAGE
dc.subjectCREDIBILITY
dc.subjectCREDIT
dc.subjectCROP
dc.subjectCROP INSURANCE
dc.subjectCROP INSURANCE PRODUCT
dc.subjectCROP INSURANCE PROGRAM
dc.subjectCROP INSURANCE SCHEME
dc.subjectCROP LOSS
dc.subjectCROP PRODUCTION
dc.subjectCROP YIELD
dc.subjectCROP YIELDS
dc.subjectCROPS
dc.subjectCUSTODY
dc.subjectDEFAULT
dc.subjectDEFICIT
dc.subjectDEMAND
dc.subjectDISASTER
dc.subjectDISASTER FINANCING
dc.subjectDISASTER REDUCTION
dc.subjectDROUGHT
dc.subjectEQUITY
dc.subjectFARM
dc.subjectFARM MANAGEMENT
dc.subjectFARMER
dc.subjectFARMERS
dc.subjectFARMING
dc.subjectFARMS
dc.subjectFIELD WORK
dc.subjectFINANCE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL SUPPORT
dc.subjectFLOOR PRICE
dc.subjectFOOD CROPS
dc.subjectFOOD GRAINS
dc.subjectFRAUD
dc.subjectFUTURE
dc.subjectGLOBAL CAPITAL
dc.subjectGLOBAL CAPITAL MARKET
dc.subjectGOOD
dc.subjectGOVERNMENT FINANCING
dc.subjectGOVERNMENT SUBSIDIES
dc.subjectGOVERNMENT SUBSIDY
dc.subjectGRAIN
dc.subjectGROUNDNUT
dc.subjectHARVESTING
dc.subjectHOLDINGS
dc.subjectHUMAN RESOURCES
dc.subjectINCOME
dc.subjectINDEMNITIES
dc.subjectINDEMNITY
dc.subjectINFORMATION
dc.subjectINFORMATION SYSTEMS
dc.subjectINSTRUMENT
dc.subjectINSURABILITY
dc.subjectINSURANCE CLAIMS
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE COVER
dc.subjectINSURANCE PAYMENTS
dc.subjectINSURANCE PAYOUT
dc.subjectINSURANCE PENETRATION
dc.subjectINSURANCE POLICY
dc.subjectINSURANCE PORTFOLIO
dc.subjectINSURANCE PREMIUM
dc.subjectINSURANCE PRODUCT
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURANCE RISK
dc.subjectINSURANCE SCHEME
dc.subjectINSURERS
dc.subjectINTEREST
dc.subjectINTERNATIONAL REINSURANCE
dc.subjectINTERNATIONAL STANDARDS
dc.subjectLABOR FORCE
dc.subjectLANDSLIDES
dc.subjectLENDERS
dc.subjectLENDING
dc.subjectLEVEL OF RISK
dc.subjectLIABILITIES
dc.subjectLOANS
dc.subjectLOSS
dc.subjectLOSS RATIO
dc.subjectLOSSES
dc.subjectMAIZE
dc.subjectMARGINAL FARMERS
dc.subjectMARKET
dc.subjectMARKET PRICE
dc.subjectMARKETS
dc.subjectMITIGATION
dc.subjectMOBILE PHONE
dc.subjectMODELS
dc.subjectMORAL HAZARD
dc.subjectOILSEED CROPS
dc.subjectOILSEEDS
dc.subjectOPTION
dc.subjectOPTIONS
dc.subjectPADDY
dc.subjectPARTIAL RISK
dc.subjectPAYMENT HISTORY
dc.subjectPAYMENT SYSTEM
dc.subjectPENALTIES
dc.subjectPLANNING
dc.subjectPOLICIES
dc.subjectPOLICY MAKERS
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO RISK
dc.subjectPOST HARVEST LOSSES
dc.subjectPOVERTY
dc.subjectPREMIUMS
dc.subjectPRICE
dc.subjectPRICING
dc.subjectPROBABILITY DENSITY
dc.subjectPRODUCE
dc.subjectPROGRAMS
dc.subjectPUBLIC INSURANCE
dc.subjectRATES
dc.subjectREINSURANCE CAPACITY
dc.subjectREINSURANCE MARKETS
dc.subjectREINSURERS
dc.subjectREPLANTING
dc.subjectREPORTS
dc.subjectRESERVES
dc.subjectREVENUE
dc.subjectRISK ANALYSIS
dc.subjectRISK ASSESSMENT
dc.subjectRISK ASSESSMENTS
dc.subjectRISK MANAGEMENT
dc.subjectRISK POOLING
dc.subjectRISK PROFILE
dc.subjectRISK SHARING
dc.subjectRISKS
dc.subjectSCENARIOS
dc.subjectSETTLEMENT
dc.subjectSHARE
dc.subjectSOWING
dc.subjectSUSTAINABILITY
dc.subjectTEA
dc.subjectTECHNOLOGIES
dc.subjectTECHNOLOGY
dc.subjectTIMELY PAYMENT
dc.subjectTIMELY PAYMENTS
dc.subjectTRANSFER RISK
dc.subjectTRANSPARENCY
dc.subjectUNDERWRITING
dc.subjectVALUE
dc.subjectWHEAT
dc.subjectYIELDS
dc.titleEnhancing Crop Insurance in India

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