Under the 80-110 Plan, in case the claims reach 60% of premium collected, the insurance company will have to refund 20% to the state government and if the claims are 70%, the refund to state will be 10%. In case of claims abo
In a move aimed at reducing the recurrence of agricultural distress without having to effect hefty hikes in the crops' minimum support prices that are at once inflation-inducing and fiscally burdensome...
In a major farm sector sop, the Centre today announced a new Rs 17,600-crore crop insurance scheme to cover loss of crops due to natural calamities like drought at a very low premium payout by farmers.
Faced with two consecutive drought years, the Centre today cleared a crop insurance scheme under which farmers' premium has been kept at a maximum of 2 per cent for foodgrains and oilseeds and up to 5 per cent for horticultur
The government will bring out a new crop insurance scheme next month in which farmers would have to pay a lower premium and the settlement of claim would take lesser time, agriculture minister Radha Mohan Singh said on Wednes