Call for insurance scheme to compensate fishers’ loss The Hindu dated 30th December 2020

CMFRI, Library (2020) Call for insurance scheme to compensate fishers’ loss The Hindu dated 30th December 2020. The Hindu.

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Abstract

Parametric insurance scheme should be implemented in marine fisheries to compensate the loss suffered by fishermen following weather alerts, according to Muralee Thummarukudy, Operations Manager, Crisis Management Branch of United Nations Environment Programme (UNEP). The increasing trend of cyclones lately has a cascading effect on the livelihood of fishers, he said. Ensuring a parametric insurance scheme would make fishermen fully cooperative to such alerts banning fishing, he added. Dr. Thummarukudy was speaking at a webinar organised by the Central Marine Fisheries Research Institute (CMFRI). He said climate change and extreme weather conditions would cause more calamities in the marine fisheries sector in future.

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