Comments
Throwing light into the alarming situation prevailing in the country’s fisheries sector, a study by Central Marine Fisheries Research Institute (CMFRI) has revealed that insurance in this sector is under-utilised compared to other sub-sectors of agriculture.
Fisheries sector has received little attention either at the Central or state levels except for the presence of a few public sector insurance companies and cooperative bodies at the local level with limited scale of activity.
Apart from accident risks of marine fishermen, the other major risks involved in the sector 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, there is no insurance policy for the risks such as large-scale decline in the stock of fish species, damage to sea cages, loss of fish crops, and damage to farm structures. Accident risks of marine fishermen have a fair coverage in the southern states of Kerala and Tamil Nadu unlike other states.
The study was conducted, both in the capture and culture sectors, at 14 fishing centres in Kerala, Tamil Nadu, Andhra Pradesh, Gujarat and Odisha and among the fish farmers in Kerala and Tamil Nadu. The level of adoption of insurance in aquaculture is also very low.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.