P- ISSN: 0976-1675
E- ISSN: 2249-4538

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Article


Factors Affecting Crop Insurance Demand in Tripura: A Study of Sepahijala District

The Government of India has launched the Pradhan Mantri Fasal Bima Yojana, a crop insurance scheme that subsidizes the premium and promises to settle claims timely. Tripura is a state where 65 to 70 per cent of people earn their livelihood from the agricultural sector. The present paper tries to determine the extent of crop insurance coverage in the state under the Pradhan Mantri Fasal Bima Yojana, and also examines the determinants of crop insurance demand, highlighting the effect of climate change. The study is largely based on primary data collected through cluster random sampling techniques. Standard statistical tools are used to analyze the primary data. Moreover, a binary logistic regression has also been carried out to examine the determinants of crop insurance demand in Tripura. The study finds that only 24 per cent of the farmers are willing to take crop insurance. The results also show that farm income, coverage period wanted, climate change and risk perception are significant factors associated with crop insurance.

Research Article | Published online : 03-Dec-2022