Poor insurance cover in fisheries sector: Study Financial Express dated 13th November 2017

CMFRI, Library (2017) Poor insurance cover in fisheries sector: Study Financial Express dated 13th November 2017. Financial Express.

Preview

Text Financial Express_13-11-2017.pdf Download (357kB) | Preview

Abstract

The insurance coverage level in Indias’ fisheries sector is poor, compared to other sub-sectors of agriculture, says a study by the Central Marine Fisheries Research Institute (CMFRI) here. CMFRI scientist Shinoj Parappurathu, who led the study team, also said that the fisheries sector has received little attention either at the Central or State levels and is limited to accident risks of marine fishermen, while the other major risks such as loss and damage to fishing vessels and gear and damage to coastal assets of fishermen are covered only at a limited scale across the country, including Kerala. “Moreover, no insurance policy is available in the country for risks, such as large scale decline in stock of fish species, damage of sea cages, loss of fish crops and damage to farm structures,” he said in a release here on Sunday. The study was conducted in 14 fishing centres in Kerala, Tamil Nadu, Andhra Pradesh, Gujarat and Odisha and among fish farmers in Kerala and Tamil Nadu, and information collected from the insurance companies and government departments was also analysed for the study.

Actions (login required)

View Item