Agri Insurance: According to Govt, The Farm Insurance Coverage is Poor.

The government has realize the crop insurance scenario in the country. Government representatives said the penetration of crop insurance was just about 23 per cent (369.94 lakh) of the total number of farmers.

The panel informed by the government that it is considering introducing a composite agriculture insurance scheme that will provide coverage for life, agriculture machines/implements, and accident, besides crop losses. And the government decided that it will design a portal for administrating crop insurance.

The government told the MPs that publicity programmes will be launched to create awareness about the insurance schemes through different media. Government has also plans to set up automatic weather stations for better implementation of the Weather-Based Crop Insurance Scheme.

Source:http://www.thehindubusinessline.com/