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Question raised in Lok Sabha on Crop Insurance, 15/03/2016

Question raised in Lok Sabha on Crop Insurance, 15/03/2016. Based on the review of existing crop insurance scheme, Government of India has approved the Pradhan Mantri Fasal Bima Yojana (PMFBY) which would replace the existing schemes of National Agricultural Insurance Scheme (NAIS) & Modified National Agricultural Insurance Scheme (MNAIS) from ensuing Kharif 2016. Farmer’s share in Premium (including small & marginal farmers) has been reduced to a maximum of 1.5%, 2% and 5% in respect of Rabi crops, Kharif crops and annual commercial/ horticultural crops respectively. Salient features of the scheme are Annexed.

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