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  Comprehensive Crop Insurance Scheme:
 

 

This scheme is set up to help protect farmers from the effect of natural disasters to their crops, in case his crops fail due to natural causes.


 

This scheme is set up to help protect farmers from the effect of natural disasters to their crops. If a farmer’s crop fails for natural reasons, the scheme helps to cover the loss of the crop. It also guarantees his continuing credit eligibility with financial institutions/banks. It is mainly designed to help farmers growing cereals, pulses and oil seeds.

  • 50% of the insurance premium is subsidised for small and marginal farmers
  • If the value of the crop falls short of the guaranteed yield for the area, the shortfall will be covered by the scheme. This only applies if the crop was insured.
  • The premium is 2% for wheat, paddy and millets, and 1% for oilseeds and pulses of the amount insured for. For example, if you grow wheat and insure it for Rs.10,000 then you have to pay Rs.200
  • Farmers who have taken a crop loan are eligible for this scheme
  • The maximum limit for the crop insurance is the amount of the crop loan but not more than Rs.10,000

Contact

The DRDA, Panchayat.

                             

                                          
 
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