Weather Based Crop Insurance Scheme (WBCIS)

Weather Based Crop Insurance Scheme (WBCIS)

Insurance protection for noticed food crops, oilseeds and horticultural / commercial cropsActuarial premium rate for notified crops, subject to maximum premium rate for notified crops, subject to maximum premium up to 10 % & 8 % for food & oilseeds crops of Kahrif and Rabi seasons, respectively and 12 % for annual commercial / horticultural crops. It is capped at 12 %.up to 2% - Nil subsidy,More than 2 to 5 % - 25 % subsidy subject to minimum net premium of 2%More than 5 to 8% - 40 % subsidy subject to minimum net premium of 3.75%More than 8% - 50 % subsidy subject to minimum net premium of 4.8 % and maximum net premium of 6 % payable by farmersWhen the weather indices (rainfall/temperature/relative humidity/wind speed etc) differ (less/higher) from the Guaranteed weather Index of notified crops, the indemnity payment equal to deviation / shortfall in payable to all insured farmers of notified crops in notified area.

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