Question raised in Lok Sabha on National Crop Insurance Scheme, 19/07/2016. The National Agricultural Insurance Scheme (NAIS) and Modified NAIS have been withdrawn from Kharif 2016 season and new scheme namely, Pradhan Mantri Fasal Bima Yojana (PMFBY) has been introduced in place of these scheme. State-wise details (including Maharashtra) of claims paid and number of farmers benefitted during last three years under Crop Insurance Schemes are given in Annexure-I and II respectively.
Question raised in Lok Sabha on Crop Insurance Schemes, 19/07/2016. Government has recently reviewed the existing crop insurance schemes in consultation with various stakeholders including States, farmer organisations, insurance companies etc.
Agricultural index insurance offers the promise of an affordable and sustainable insurance product for farmers that can help reduce their vulnerability to aggregate agricultural shocks such as large-scale drought or flooding. However, index insurance provides claim payments based on a trigger that is only imperfectly correlated with losses.