Restructured Weather Based Crop Insurance Scheme
Published By: Ministry of Agriculture & Farmers Welfare | Published Date: March, 01 , 2016Weather Based Crop Insurance Scheme (WBCIS) aims to mitigate the hardship of the insured farmers against the likelihood of financial loss on account of anticipated crop loss resulting from adverse weather conditions relating to rainfall, temperature, wind, humidity etc. WBCIS uses weather parameters as “proxy? for crop yields in compensating the cultivators for deemed crop losses. Payout structures are developed to the extent of losses deemed to have been suffered using the weather triggers.
Author(s): Department of Agriculture & Cooperation GOI | Posted on: May 30, 2016 | Views() | Download (181)