The correct answer is: d) All of the above
Crop insurance schemes help farmers in Tamil Nadu cope with weather-related risks, pest attacks, and price fluctuations.
Weather-related risks include droughts, floods, and hailstorms. These can damage crops and reduce yields, leading to financial losses for farmers. Crop insurance can help to protect farmers from these losses by providing them with financial compensation if their crops are damaged by weather events.
Pest attacks can also damage crops and reduce yields. Crop insurance can help to protect farmers from these losses by providing them with financial compensation if their crops are damaged by pests.
Price fluctuations can also affect farmers’ incomes. If the price of crops falls, farmers may not be able to earn enough money to cover their costs of production. Crop insurance can help to protect farmers from these losses by providing them with a guaranteed price for their crops.
Overall, crop insurance schemes can help farmers in Tamil Nadu to cope with a variety of risks that can affect their livelihoods.