Impact of Crop Insurance on Agriculture : A Study of Bihar

Agriculture is the backbone of our country. Farmers play an important role in sustaining the economy of the country. But unfortunately, all the efforts made by farmers for production depend on the mercy of nature. Due to natural calamities and uncertain weather, in spite of the development of all technology, the yield is reduced as well as wasted. Crop insurance plays an important role in protecting the farmer from the risk of this natural calamity and uncertain weather. Crop insurance has been done since time immemorial to provide financial assistance in case of crop damage, encourage damage, encourage farmers to use new and modern technology, food security, crop diversification, rapid development and protection from risk in competition. Due to this, the farmers are getting help in dealing with the debt burden to a great extent. Due to crop insurance, the farmer does not suffer much loss in times of calamity or uncertain weather conditions. In this article, the impact of crop insurance on agriculture in the state of Bihar has been studied. In order to bring more benefits to farmers, an attempt has been made to understand the obstacles in the way of crop insurance, and many suggestions have been made to overcome them.