1. To provide insurance coverage and financial support to the farmers in the event of failure of any of the notified crop as a result of natural calamities, pests & diseases.
2. To encourage the farmers to adopt progressive farming practices, high value inputs and higher technology in Agriculture.
3. To help stabilise farm incomes, particularly in disaster years.
1. Crops Covered 2. States & Areas to be Covered 3.
Farmers to be Covered 4. Risks Covered & Exclusions 5. Sum Insured / Limit of Coverage 6. Premium Rates 7. Premium Subsidy 8. Sharing of Risk 9. Area Approach and Unit of Insurance 10. Seasonality Discipline 11.
Estimation of Crop Yield 12. Levels of Indemnity & Threshold Yield 13. Nature of Coverage and Indemnity 14. Procedure for Approval & Settlement of Claims 15. Financial Support Towards Administration & Operating (A&O) Expenses 16. Corpus Fund 17. Reinsurance Cover 18. Management of the Scheme, Monitoring and Review 19. Implementing Agency
Benefits Expected from Scheme 21.