Major Objectives of Krishi Amdani Bima Yojana Scheme
There were the following objectives of this scheme;
- Stabilization in the farmers incomes during the years where natural calamities hit the crops or the crops would have been eaten away by the pest a large loss was incurred to the farmers which could be stabilized by providing financial help to them.
- Since agriculture is a primary occupation in our country, therefore, this scheme would encourage the farmers by insuring them that they would not be at loss to adopt progressive farming practices. This would encourage the development of higher value inputs as well as development of technology in the agricultural domain.
- To provide financial support as well as insurance coverage to the farmers.
Krishi Amdani Bima Yojana
The Krishi Amdani Bima Yojana is also known as the national agricultural insurance scheme, written commonly (NAIS). This scheme was sponsored by the government and it was implemented as a measure to provide crop insurance throughout the country. The scheme was developed keeping in mind the objective of providing financial assistance to the farmers. This came in the country since the Rabi crop act took place in the year 1999 to 2000. This act was developed as a part of risk management wherein in the failure of crops of the farmers they would be provided financial assurance, the crops may fail due to natural calamities or other natural disasters are sometimes being eaten away by the pests. They may get destroyed and disrupt the livelihood of the farmers. The agency behind the implementation of this scheme was Agriculture Insurance Company of India, also referred by AIC.
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