NEWS

India - Software launched for online crop insurance registration

01.07.2016 470 views

Chief Minister Siddaramaiah launched Samrakshane , a software application for online registration of farmers for crop insurance scheme. This software is a combination of the Karnataka Raita Suraksha Pradhana Mantri Fasal Bima Yojana (PMFBY) and the restructured Weather-Based Crop Insurance Scheme (WBCIS).

The Centre has launched this for providing financial support to farmers suffering from crop loss or damage arising out of unforeseen events and disasters.

For this purpose, Rs. 675.38 crore was earmarked as the State’s share.

The government has removed the cap on premium to reduce the burden of farmers.

The premium share of the farmer in PMFBY will be 1.5 per cent to 2 per cent for all foodgrains and oil seed crops, 5 per cent in annual commercial or annual horticultural crops.

The government aims to cover 50 per cent of the farmers.

It is anticipated that due to the low premium, more farmers will enrol. Data on each of the farmers need to be monitored and managed at different stages of crop growth till a final payment is made.

In view of these, the State government has developed Samrakshane for end-to-end automation of the crop insurance process.

Source - www.thehindu.com

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