y In India agriculture is just like gambling.

y Vagaries of weather-

y y y y y
y

- Rainfall - hailstorm - temperature - humidity - wind - cyclone Pest & diseases Fire Quality of inputs Soil Market prices

 To provide insurance coverage and financial

support
 To encourage the farmers to adopt higher

technology in Agriculture.
 To help stabilize farm incomes, particularly in

disaster years.

y 1947-48, assurance given by Ministry of Food &

Agriculture to introduce Crop & Cattle insurance in the country. y Modalities of crop insurance considered- individual approach or Homogenous area approach. y 1965- crop insurance bill was introduced.

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

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

y Wheat Insurance y Rabi Weather Insurance y Potato Insurance y Poppy Insurance y Uttarakhand seb bima yojana y Coconut insurance y Rubber insurance y Coffee insurance

I.

II.

III. IV.

V.

NAIS: yield based; non-actuarial premium except horticultural crops / annual commercial crops; underwriting of losses by Central & State Govt. on 50:50 ratio WBCIS: (weather based crop insurance scheme); actuarial premium with premium subsidy shared equally by Central & State Govt. CPIS(Certified planning & insurance scheme): plant based; actuarial premium MNAIS (Modified NAIS): yield based; actuarial premium with premium subsidy shared equally by Central & State Govt. Sookha Suraksha Kavach

y In last 22 Crop Season: Farmers Covered : 17.01 crore Premium Collected: Rs. 6213.41 crore Claims Paid : Rs. 20437.21 crore Claim ratio : 3.29

Season Kharif

Crop Bajra and oilseeds

Premium rate 3.5% of SI or Actuarial rate, whichever is less 2.5% of SI or Actuarial rate whichever is less 1.5% of SI or Actuarial rate whichever is less 2.0% of SI or Actuarial rate whichever is less

Other crops(cereals, other millets and pulses) Rabi Wheat

Other crops(cereals, other millets and pulses) Kharif & rabi Annual commercial / horticultural crops

Actuarial rates

rs Othe TN rh isg a Chat sa Or is 'nd Jh ar r Biha WB Guj MP UP Karn hra And Raj Mah
90 80 70 60 50 40 30 20 10 0

particulars

2007-08

2008-09

2009-10

2010-11 (kharif only) Under process

Claims (Rs. In crore) Farmers covered (In lakh) Farmers benefited (In lakh)

1724

3880

4936

184

192

239

114

32

62

88

Under process