What ails fisheries insurance in India? An assessment of issues, challenges and future potential

Shinoj, P and Ramachandran, C and Gopalakrishnan, A and Kumar, Dilip and Poddar, M K and Choudhary, Manas and Geetha, R and Mohammed Koya, K and Narayanakumar, R and Salini, K P and Sunil, P V (2017) What ails fisheries insurance in India? An assessment of issues, challenges and future potential. Marine Policy, 86. pp. 144-155.

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    Abstract

    This paper undertakes a critical assessment of the present state of fisheries insurance in India. Various factors that contribute to the poor performance of fisheries insurance in the country were identified and ranked based on the responses of fishermen and fish farmers in major maritime states. In the light of the findings, measures such as leveraging the potential of technological interventions, developing innovative institutional mechanisms, bridging the trust deficit amongst the stakeholders and bringing about attitudinal changes through awareness drives are suggested as way forward towards harnessing the potential of insurance as a safety net tool in fisheries sector of India.This paper undertakes a critical assessment of the present state of fisheries insurance in India. Various factors that contribute to the poor performance of fisheries insurance in the country were identified and ranked based on the responses of fishermen and fish farmers in major maritime states. In the light of the findings, measures such as leveraging the potential of technological interventions, developing innovative institutional mechanisms, bridging the trust deficit amongst the stakeholders and bringing about attitudinal changes through awareness drives are suggested as way forward towards harnessing the potential of insurance as a safety net tool in fisheries sector of India.

    Item Type: Article
    Uncontrolled Keywords: Fisheries insurance; Economic risks; Safety nets; India
    Subjects: Socio Economics and Extension
    Divisions: CMFRI-Kochi > Fishery Extension
    Subject Area > CMFRI > CMFRI-Kochi > Fishery Extension
    CMFRI-Kochi > Fishery Extension
    Subject Area > CMFRI-Kochi > Fishery Extension
    Depositing User: Arun Surendran
    Date Deposited: 04 Oct 2017 07:36
    Last Modified: 04 Oct 2017 07:36
    URI: http://eprints.cmfri.org.in/id/eprint/12232

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