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Crop Insurance Schemes for Compensation of Loss to Farmers

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..... Crop Insurance Schemes for Compensation of Loss to Farmers - News and Press Release Dated:- 4-12-2012 - News - 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 Natio .....

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..... nal 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 .....

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..... 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 un .....

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..... der 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) - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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