Question raised in Rajya Sabha on Insurance Cover for Irrigated and Non-irrigated Crops, 11/03/2016
Question raised in Rajya Sabha on Insurance Cover for Irrigated and Non-irrigated Crops, 11/03/2016. At present, two Crop insurance schemes namely National Crop Insurance Programme (NCIP) with its three components (i) Modified National Agricultural Insurance Scheme (MNAIS), (ii) Weather Based Crop Insurance Scheme (WBIS) & Coconut Palm Insurance Scheme (CPIS) and National Agricultural Insurance Scheme (NAIS) are being implemented in the country. These schemes have been comprehensively reviewed based on the feedback received from various stakeholder including States/UTs and farmers/farmers’ organizations and Government of India has recently approved the Pradhan Mantri Fasal Bima Yojana (PMFBY) which would replace the NAIS and MNAIS from ensuing Kharif 2016. Premium paid by farmers has been reduced to 1.5%, 2% and 5% of sum insured for Rabi, Kharif and annual commercial/horticultural crops, respectively and the remaining premium will be shared equally by the Central and State Governments. Premium rates payable by farmers under WBCIS have also been rationalized and brought at par with PMFBY.