Find Paper, Faster
Example:10.1021/acsami.1c06204 or Chem. Rev., 2007, 107, 2411-2502
The Indian Crop Insurance Puzzle: A Discourse from Behavioral Science Perspective
National Academy Science Letters  (IF0.788),  Pub Date : 2021-05-07, DOI: 10.1007/s40009-021-01055-w
Aditya Korekallu Srinivasa, Muthuprasad Thiyaharajan, Subash Surendran Padmaja, Girish K. Jha

Crop insurance is an important policy instrument to shield farmers from risks in farming and it is even more important in the present context, when the climate change led crop losses are on the rise. Unfortunately, only 28% of the gross cropped area in India is under insurance coverage despite of highly subsidized insurance package under the flagship program of Pradhan Mantri Fasal Bima Yojana . In this paper, we examine few behavioral insights which explain the low adoption of insurance product. We also discuss few behaviorally smart policies options to increase the adoption of crop insurance.