What all is covered under the Krishi Amdani Bima Yojana?
- The scheme would be availed by all types of farmers whether they may be no loanee or loanee. It would also not take into consideration the size of their holding.
- All types of food crops including pulses millets as well as cereals and horticulture crops oil seeds would be incorporated in this scheme. The only condition is that an adequate amount of yield data should be available for a large number of years for these crops. The premium rates for these crops were set to be 2.5% for Kharif crops 2% for Rabi crops and a minimal 1.5% for wheat crop and in the case of horticulture crops, the rates which were to be charged were actuarial.
- The scheme was set to be operational based on the area approach. The area approach encompasses the defined areas for various crops gram panchayats, and circles of Monda’s blocks, which were all covered under this scheme.
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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