The Indian government has included tea, betel leaves, cocoa, pineapple, ginger, legumes, clove, nutmeg and other crops in its weather-based insurance scheme. With this, the insurance coverage that is given to mango crops in Palakkad district will be extended across the state of Kerala.
Although it was initially decided to operate the PMFBY for one more year, but in the context of 27 crops, including vegetables being drought under the governmental weather-based insurance scheme in Kerala, it was finally decided not to continue with the scheme.
Federal scheme vs state scheme
Under the state scheme, insurance can be taken for vegetables and paddy within a stipulated period from the time of their planting, while for long-term crops such as coconut, the coverage is available at any time. Compensation is for total destruction of the crop. The federal scheme pays compensation for even a shortfall in crops, after studying the variation in weather in the affected area.
Source - https://www.freshplaza.com
