Agroinsurance

NEWS

India - PM crop insurance in UP from July

04.03.2016 398 views

Uttar Pradesh will implement the Pradhan Mantri Fasal Bima Yojana this year, the Uttar Pradesh govrnment announced on Thursday. In a meeting chaired to prepare UP to roll out PM Narendra Modi's crop insurance scheme, agriculture production commissioner Pravir Kumar said farmers must sign up for insurance for the Kharif season-July to October by July 31-and for the Rabi season, by December 31, this year.

Insurance of all crop loans will be mandatory, while beneficiaries can also insure non-crop loans on a voluntary basis. In addition to natural calamities, losses due to pests or other diseases, hailstorms, rains, and earthquakes, crops loans will also be insured against damage caused up to 14 days after the crops are harvested. Kumar said farmers will have to pay as premium, up to 2% on the sum insured for Kharif loans, and up to 1.5% for Rabi loans, while the remainder premium amount will be shared equally between the Centre and state governments.

Source - http://timesofindia.indiatimes.com

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ScaleAgData Stakeholder Engagement Event

22.10.2024

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