New Delhi: In India, crops worth millions of rupees are lost every year because of weather-related problems like floods and droughts. The central government runs a weather-based crop insurance scheme in some states to save farmers from vagaries of nature.

Options trading can also insure against risk

With Claims For 2008-09 Crop Year Pending, Wait Gets Longer For The Affected
Prabha Jagannathan NEW DELHI

FARMERS covered under the National Agricultural Insurance Scheme (NAIS) will have to wait another year to receive their claims despite 316 districts in 13 states being declared drought-hit this year.

Prime Minister Syed Yousuf Raza Gilani Thursday said food security is the foremost priority of the government and vowed that every effort would be made in this regard. The Prime Minister was talking to Federal Minister for Food and Agriculture Nazar Muhammad Gondal Thursday, who briefed him about the food situation as well as progress on various initiatives taken for the welfare of the farmers.

Haryana Chief Minister Bhupinder Singh Hooda today said the state government had decided to cover maize, bajra, cotton and arhar under the National Insurance Agriculture Scheme in the state during kharif-2009.

He said the decision had been taken keeping in view the drought-like situation in the state.

Iffco Tokio Working On Settling Crop & Cattle Insurance Claims Based On Images & RFID Tags

SAMBALPUR: When the all risk Comprehensive Crop Insurance Scheme (CCIS) was introduced in 1985 and subsequently changed to Rashtriya Krishi Bima Yojana (RKBY) with the objective to provide insurance cover and financial support to the farmers in the event of failure of any of the notified crops, it was welcomed by farmers across the nation.