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Smallholder farmers are increasingly exposed to weather extremes but lack access to affordable insurance products for catastrophic crop damage. This paper analyzes the feasibility of Picture-Based Insurance (PBI) as a low-cost tool to improve coverage. PBI verifies insurance claims using...
Persistent link: https://www.econbiz.de/10012623046
The Indian financial system has changed considerably since the 1990s. Interest rates have been deregulated and new entrants allowed in the banking and the securities business. The Indian equity market has become world-class. New private banks have emerged that are more customer-oriented than the...
Persistent link: https://www.econbiz.de/10009149951
Farmers in India have been the victim of systemic neglect and live a marginalized life. Crop failure due to natural calamities and unfavourable climatic conditions puts farmers in a challenging situation leading to extreme hopelessness and suicides. This article provides an overview of the crop...
Persistent link: https://www.econbiz.de/10013230135
Smallholder farmers are increasingly exposed to weather extremes but lack access to affordable insurance products for catastrophic crop damage. This paper analyzes the feasibility of Picture-Based Insurance (PBI) as a low-cost tool to improve coverage. PBI verifies insurance claims using...
Persistent link: https://www.econbiz.de/10012040181
Rainfall is an important source of covariate shock in developing countries. Insurance against a rainfall index has, therefore, held much promise as a formal insurance product to protect the livelihoods of poor farmers. But how good is rainfall as a measure of covariate shocks? The imperfect...
Persistent link: https://www.econbiz.de/10015053889
This paper introduced a new set of rainfall indices which can be used as building blocks for designing rainfall derivatives contracts. Such a set was defined as deficit rainy days (DRD)/ excess rainy days (ERD) indices and computed for selected meteorological sub-divisions of India. The study...
Persistent link: https://www.econbiz.de/10014090112
Floods and droughts represent an embedded monsoon factor impacting the Indian economy. Evaluating monsoon risk based on rainfall index metrics could help design appropriate alternative risk transfer products. This study proposes a new set of rainfall indices that can be used to explore the...
Persistent link: https://www.econbiz.de/10012823684
depend on agriculture for their livelihood and well-being. This paper attempts to build a picture of the vulnerability of …
Persistent link: https://www.econbiz.de/10014310778
Nevertheless the share of agriculture sector in the GDP has declined in the recent past; agriculture is the backbone … and engine of the Indian economy. Agriculture continues play a vital role in the development of India. More than 60 per … cent of the people, especially rural Indians, still depends agriculture sector for their subsistence and most of the …
Persistent link: https://www.econbiz.de/10011114004
RRBs) in issuance of credit to agriculture sector during the post-reform period by using time series data from 1975 to 2005 …. The analysis reveals that the trends of direct (short and long-term) and indirect institutional credit to agriculture …
Persistent link: https://www.econbiz.de/10008493041