AN ANALYSIS OF CROP INSURANCE SCHEMES IN HARYANA | Journal of Global Economics, Management and

Agriculture has a critical role in the economic development of developing countries, particularly India. It is the foundation of an economy that gives mankind with essential ingredients and raw materials for industrialization. The development of the agriculture sector is a prerequisite for the growth of any economy. In the agriculture industry, there are always risks and unpredictability. The key sources of risk and uncertainty were production, price, and inputs. The purpose of this research is to look into the trends of Haryana's crop insurance policies. Secondary data was employed to meet the study's goal, which was gathered from Haryana's economic survey and agricultural insurance business reports. The time frame for the research is from the start of the plans until the end of their existence. The study's findings suggest that all of the plans have shifting tendencies. Only PMFBY outperforms the other schemes since it has the lowest premium rates in compared to previous schemes and uses modern technology for crop loss assessment and indemnity calculation.

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