ZENITH International Journal of Business Economics & Management Research
Year : 2018, Volume : 8, Issue : 3
First page : ( 220) Last page : ( 231)
Online ISSN : 2249-8826.

An Empirical Analysis of The Growth of Farmers Insured Under Crop Insurance-A Case Study of Odisha

Mohapatra Rajendra

Research Scholar, M. Com, M. Phil, Ugc-Net, (Ph. D.) P.G Department of Commerce, Utkal University, Vani Vihar, Bhubaneswar-751004, Odisha, India

Online published on 2 May, 2018.

Abstract

Crop insurance is an important instrument used by farmers for mitigating the financial lossess due to various type of natural calamities which damage or destruct production. This study determines the growth of loanee and non loanee farmers insured in odisha under crop insurance scheme. We have used log Lin model to measure the growth of loanee and non loanee farmers insured in odisha. We have analysed the data with the help of Eviews and done the necessary test and found that the model is suitable for the study. The study found that the loanee farmers insured were growing at the rate of 6.73 percentage in the kharif season but at the same time the non-loanee farmers insured were declining at the rate of 14.24 percentage. The study also found that the loanee and nonloanee farmers insured growth rate was declining at the rate of 8.8 and 37.8 percentage respectively in the Rabi season.

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Keywords

Crop insurance, growth rate, risk, loanee farmers, Kharif season.

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