To take your ideas to Policymakers, Join the Campaign of #PolicyPulse Write to feedback@policypulse.com

Cabinet approves new crop insurance scheme

A decision on the much awaited scheme was taken at the Cabinet meeting, headed by Prime Minister Narendra Modi.

Policy Pulse
Publish Date: Jan 13 2016 6:38PM | Updated Date: Jan 14 2016 1:36PM

Cabinet approves new crop insurance scheme

The government today approved a crop insurance scheme that would replace the existing ones to ensure that farmers pay less premium and get early claims for the full sum insured. 

 

A decision on the much awaited scheme was taken at the Cabinet meeting, headed by Prime Minister Narendra Modi. 

 

"The cabinet has cleared the Agriculture Ministry's proposal on new crop insurance scheme," according to sources. 

 

The new crop insurance scheme, to be implemented from the kharif season this year, will replace the existing two schemes National Agricultural Insurance Scheme (NAIS) and Modified NAIS which have some inherent drawbacks.