Press Information Bureau

Government of India

Ministry of Agriculture

04-December-2012 16:21 IST

Four crop insurance schemes are being implemented namely National Agricultural Insurance Scheme (NAlS), Pilot Weather Based Crop Insurance Scheme (WBCIS), Pilot Modified National Agricultural Insurance Scheme (MNAIS) and Pilot Coconut Palm Insurance Scheme (CPIS). States have the choice for notification of areas / crops under the schemes.

Schemes are implemented by Agriculture Insurance Company (AI C) and private insurance companies according to provisions & guidelines laid down in the schemes. Compensation of the loss is assessed under NAIS and MNAIS based on yield data provided by implementing States and under WBCIS based on weather data recorded by automatic weather stations notified by implementing States. The extent of damage to the plant is the basis of compensation of the loss under CPIS which is assessed by a team of experts. Department of Agriculture & Cooperation, GOI, regularly monitors and reviews compensation of the loss and payment to farmers under each scheme.

This information was given by Shri Tariq Anwar, Minister of State for Agriculture and Food Processing Industries in written reply to a question in the Lok Sabha today.

MP: DS:CP: crop (4.12.2012)

Crop insurance schemes: state choice of notified areas with yield, weather and expert based compensation mechanisms enforced by monitoring. Four crop insurance schemes provide compensation for farmers: States choose areas/crops to notify; implementation is by the Agriculture Insurance Company and private insurers per scheme guidelines. Yield based compensation relies on state provided yield data; weather index compensation uses automatic weather station data notified by States; coconut palm compensation is based on expert assessment of plant damage. The Department of Agriculture & Cooperation regularly monitors loss assessment and payments to farmers under each scheme.