Pilot Weather Based Crop Insurance Scheme (Wbcis)

By farmer.gov.in on 15 May 2016 | read
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http://farmer.gov.in
Theme Name
Type of Assistance
Pattern of Assistance
Agriculture Insurance
  • Insurance protection for notified food crops, oilseeds and horticultural/commercial crops

•Actuarial Premium rate for notified crops, subject to maximum premium upto 12%, are charged

• 25-50% subsidy on premium rate is provided to all types of farmers (to make the actual payable premium at par with NAIS).

• When the Weather indices ( rainfall/temp/relative humidity/wind speed etc) are differ (less/higher) from the Guaranteed weather index of notified crops, the indemnity payment equal to deviation/shortfall is payable to all insured farmers of notified crops.
 

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