Centre to roll-out modified National Agricultural Insurance Scheme
The Dollar Business Bureau To address the problems faced by the farmers, the Government of India is piloting a modified National Agricultural Insurance Scheme (NAIS), a market-based scheme with involvement from the private sector. The latest move by the Government comes in the wake of a report submitted by ASSOCHAM-Skymet Weather joint study which, said that less than 20% of farmers in India are insured, exposing a vast majority of the farming community to the vagaries of weather which lead them to taking desperate steps, as is being seen after a vast damage to the Rabi crop this year. At the all-India level, only 19% of farmer reported ever having insured their crops. A very large proportion of 81% ...
