M. MARY SHARON*, B. APARNA, S.RAJESWARI and B. RAVINDRA REDDY Department of Agricultural Economics, S.V.Agricultural College, ANGRAU, Tirupati-517 502, Chittoor Dt., A.P., India

ABSTRACT

Agriculture is an important sector of the Indian economy, accounting for 15.87 per cent of the nation’s GDP, about half of the population still relies on agriculture. It is varied, diversified and prone to a variety of risks. It is highly risky venture due to both uncertainty in crop production and volatility in prices. The compound growth rates in performance of NAIS in India were calculated for number of farmers insured, area insured, sum insured, gross premium, farmers’ premium and number of farmers benefitted, growth rates were calculated as 10.43, 8.98, 21.49, 23.1, 23.25 and 13.93 respectively. Same as for WBCIS in India were calculated, the number of farmers insured, area insured, sum insured, gross premium, farmers’ premium and claims, growth rates were calculated as 50.48, 44.19, 41.82, 47.85, 58.67 and 57.32 respectively. The growth performance of National Agricultural Insurance Scheme in Andhra Pradesh the growth rates were found to be positive for the aspects like number of farmers insured with 0.09, sum insured with 10.40, gross premium 16.98 and premium subsidy with 0.25. For some terms like area insured, claims paid with and number of farmers benefitted, compound growth rates were found to be negative with the values of -0.27, -17.85 and -29.64 respectively. For Weather Based Crop Insurance Scheme in Andhra Pradesh the compound growth rates were found to be positive for all the aspects but maximum growth rate was observed for area insured with 232.83 for number of farmers insured, sum insured, gross premium, premium subsidy, claims paid and number of farmers benefitted, growth rates were calculated as 167.03, 142.36, 153.29, 182.65, 146.96 and 159.8 respectively.

KEYWORDS:

WBCIS, NAIS, PMFBY, growth performance, crop insurance