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TOPIC

RURAL INSURANCE
SUBMITTED BY:
MADHAVI M KATAKIA

CLASS: T.Y.BCom (Banking and Insurance)


SEMESTER VI

SUBMITTED TO:
UNIVERSITY OF MUMBAI

PROJECT GUIDE:
PROF.URVI JAIN

RAJASTHANI SAMMELAN’S
GHANSHYAMDAS SARAF COLLEGE
AFFILIATED TO UNIVERSITY OF MUMBAI
ACCREDITED BY NAAC WITH ‘A’ GRADE
AND
DURGADEVI SARAF JUNIOR COLLEGE
(ARTS & COMMERCE)
S.V. Road, Malad (W),
Mumbai- 400 064
YEAR: 2010-11
DECLARATION
I Miss MADHAVI M KATAKIA of Ghanshyamdas
Saraf College of Arts and Commerce, Malad (W) of
T.Y.BBI (Semester VI) has completed project on
“RURAL INSURANCE” in the academic year 2010-
11. This information submitted is true and original to
the best of my knowledge.

Date: Signature of student

RAJASTHANI SAMMELAN'S
GHANSYAMDAS SARAF COLLEGE
AND
DURGADEVI SARAF JUNIOR COLLEGE
(ARTS AND COMMERCE)
AFFILIATED TO UNIVERSITY OF MUMBAI
ACCREDITED 'A' GRADE BY NAAC
S.V.ROAD, MALAD (W),
MUMBAI- 400 064.

CERTIFICATE

I Prof. URVI JAIN hereby certify that


Ms. MADHAVI KATAKIA, of T.Y. BBI (Semester
VI) has completed project on “RURAL
INSURANCE” in the Academic year 2010-11.
This information submitted is true and original
to the best of my knowledge.

Project co-coordinator
Principal
Date:

External examiner
Date:
College seal

ACKNOWLEDGEMENT
I would like to thank the University of Mumbai and
my college for giving me this opportunity for taking
such a challenging project, which has enhanced my
knowledge about "RURAL INSURANCE"
It is with deep gratitude, I would
like to thank Prof. URVI JAIN under whose guidance I
was able to complete my project successfully. I wish
to thank her for all useful discussions and timely
suggestions of the related topic and invaluable help
during preceding the project. And at last I would like
to thank all the people who helped me to complete
this project by one way or the other.

Signature of student

EXECUTIVE SUMMARY

The farming community in India consists of about 121 million farmers of


which only about 20 per cent avail crop loans from financial institutions and
only three fourth of those are insured. The remaining 80 per cent (96
millions) are either self-financing or depend upon informal sources for their
financial requirements. Most of the farmers are illiterate and do not
understand the procedural and other requirements of formal financial
institutions and, therefore, shy away from them. Therefore, while the
institutional loaners are insured compulsorily under the NAIS, only about15
per cent of the non-loan farmers avail insurance cover voluntarily. This is
quite indicative of the enormous insurance potential that exists for
addressing the needs of the farming community and enhancing th e overall
efficiencies as also the competitiveness of the agriculture sector. This also
signifies the tremendous potential of agriculture insurance in the country as a
concept, which can mitigate the adverse impacts that such uncertainties
would have on the individual farmers.

TOPIC:-
RURAL INSURANCE