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 > Socio-Economic Evaluation and Technology Transfer Division
Subject Area > CMFRI > CMFRI-Kochi > Socio-Economic Evaluation and Technology Transfer Division
CMFRI-Kochi > Socio-Economic Evaluation and Technology Transfer Division
Subject Area > CMFRI-Kochi > Socio-Economic Evaluation and Technology Transfer Division
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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