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NATIONAL
AGRICULTURAL INSURANCE SCHEME (CROP INSURANCE)
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National Agricultural Insurance scheme was introduced
by the Govt. of India in the country from Kharif 2000
season onwards with involvement of Agriculture Department,
Agriculture Insurance Co. (Implementing Agency) and
Directorate of Economics and Statistics Department.
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| OBJECTIVES:
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| i) |
To provide a measure of financial support
to the farmers in the event of crop failure
as a result of drought, cyclone and incidence
of pest & diseases. |
| ii) |
To restore the credit eligibility of the
farmer after a crop failure for the next
season. |
| iii)
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To support and stimulate the production
of cereals, pulses and oil seed crops. |
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During Kharif 2006 (19)
crops were covered viz. 1. Rice 2. Jowar 3. Bajra
4. Maize 5. Blackgram 6. Greengram 7. Redgram
8. Groundnut (I) 9. Groundnut (UI) 10. Sunflower
11. Caster 12. Sugarcane (P) 13. Sugarcane (R)
14. Cotton (I) 15. Cotton (UI) 16. Banana 17.
Soya bean. |
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During Rabi 2005-06 (11) crops were covered
viz. 1. Rice 2. Jowar (UI) 3. Maize 4. Greengram
5. Blackgram 6. Groundnut 7. Sunflower 8.
Chillies 9. Onion 10. Mango 11. Bengal gram. |
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| FARMERS
COVERED: |
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Insurance premium is compulsory for
all Loanee Farmers and voluntary for
Non-Loanee Farmers. |
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| VILLAGE
AS INSURANCE UNIT: |
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The Govt. have decided to implement the village
as insurance unit programme / scheme on Pilot basis
in the following 5 districts during Kharif 2006
season and issued orders of notifying the crops
under N.A.I.S. Implementation is under progress. |
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1) Prakasam 2) Kadapa 3) Anantapur 4) Mahabubnagar
5) Karimnagar |
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| SUM
INSURED / LIMIT OF COVERAGE: |
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The sum insured (SI) may extend to the value of
the threshold yield of the insured crop at the option
of the insured farmers. However, a farmer may also
insure his crop beyond value of threshold yield
level upto 150% of average yield of notified area
on payment of premium at commercial rates. |
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In case of Loanee farmers the Sum Insured would
be at least equal to the amount of crop loan advanced.Further,
In case or Loanee farmers, the Insurance Charges
shall be an additionality to the Scale of Finance
for the purpose of obtaining loan |
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In matters of Crop Loan disbursement procedures,
guidelines of RBI / NABARD shall be binding. |
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PREMIUM RATES: |
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Sl.No. |
Season |
Crops |
Premium
rate |
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1 |
Kharif |
Bajra
& Oilseeds |
3.5%
of SI of Actuarial rate, which ever is less |
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Other crops (cereals, other millets &
pulses) |
2.5%
of SI of Actuarial rate, whichever is less |
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2 |
Rabi |
Wheat |
1.5%
of SI or Actuarial rate whichever is less |
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Other
crops (other cereals, millets, pulses &
oilseeds) |
2.0%
of SI or Actuarial rate, whichever is less |
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3 |
Kharif & Rabi |
Annual
Commerical / annual Horticulture crops |
Actuarial
rates |
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