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Origin and Progress of Crop Insurance in India - A Historical View

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Author(s): K. Vetrivel | S. Yoga

Journal: Review of Research
ISSN 2249-894X

Volume: I;
Issue: V;
Start page: 72;
Date: 2012;
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ABSTRACT
Crop insurance is an important concept of agriculture economy. This paper traces out the origin and evolution of crop insurance at world and India level of empirical concept. The crop insurance is not a new concept, the origin of crop insurance can be traced back to the eighteenth century in Germany where specific risk hail insurance was in existence and from there it spread to other European countries and much later in the developing countries. Rainfall insurance is a new concept to the developed world but in India pioneering work for introducing rainfall insurance was carried out by Mr. Chakravarti in 1920 itself. After that there was no much progress though the demand to introduce crop insurance gained momentum after the Independence. With a lot of efforts and difficulties of crop insurance was introduce in India in complete from 1985 with the introduction of Comprehensive Crop Insurance Scheme (CCIS).
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