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y In India agriculture is just like gambling.
y Vagaries of weather-
- Rainfall
- hailstorm
- temperature- humidity- wind- cyclone
y Pest & diseases
y
Firey Quality of inputs
y Soil
y Market pricesy
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To provide insurance coverage and financialsupport
To encourage the farmers to adopt highertechnology in Agriculture.
To help stabilize farm incomes, particularly in
disaster years.
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y 1947-48, assurance given by Ministry of Food &
Agriculture to introduce Crop & Cattle insurance in the
country.
y
Modalities of crop insurance considered- individualapproach or Homogenous area approach.
y 1965- crop insurance bill was introduced.
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y Individual approach scheme (1972-79)
y Pilot crop insurance scheme (1979-85)
y Comprehensive crop insurance scheme (1985-97)
y Experimental crop insurance scheme
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y Total number of farmers covered- 7,62,65,438
y Total area covered (Hectares) - 12,75,70,282
y Total sum-insured (Rs. Crores)- 24,949
y Total insurance charges (Rs. Crores)- 404
y Total claim (Rs. Crores)- 2303
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y Wheat Insurance
y Rabi Weather Insurance
y Potato Insurance
y Poppy Insurance
y Uttarakhand seb bima yojana
y
Coconut insurancey Rubber insurance
y Coffee insurance
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I. NAIS: yield based; non-actuarial premium excepthorticultural crops / annual commercial crops;underwriting of losses by Central & State Govt. on50:50 ratio
II. WBCIS: (weather based crop insurance scheme);actuarial premium with premium subsidy sharedequally by Central & State Govt.
III. CPIS(Certified planning & insurance scheme):plant based; actuarial premium
IV. MNAIS (Modified NAIS): yield based; actuarialpremium with premium subsidy shared equally byCentral & State Govt.
V. Sookha Suraksha Kavach
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y In last 22 Crop Season:Farmers Covered : 17.01 crorePremium Collected: Rs. 6213.41 crore
Claims Paid : Rs. 20437.21 croreClaim ratio : 3.29
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Season Crop Premium rate
Kharif Bajra and oilseeds
Other crops(cereals,other millets and
pulses)
3.5% of SI or Actuarial
rate, whichever is less
2.5% of SI or Actuarialrate whichever is less
Rabi Wheat
Other crops(cereals,other millets and
pulses)
1.5% of SI or Actuarial
rate whichever is less
2.0% of SI or Actuarialrate whichever is less
Kharif & rabi Annual commercial /
horticultural crops
Actuarial rates
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0
10
20
30
40
50
60
70
80
90
Ma
h
Ra
j
An
dhra
Karn
UP
MP
Gu
j
WB
Bih
ar
Jhar'nd
Orissa
Chatisgarh
TN
Others
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particulars 2007-08 2008-09 2009-10 2010-11(kharif only)
Claims
(Rs. In crore)
1724 3880 4936 Under process
Farmers
covered(In lakh)
184 192 239 114
Farmers
benefited(In lakh)
32 62 88 Under process
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