Professional Documents
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Agr 102
Agr 102
- Rainfall
- Temperature
- Humidity
- wind
- Cyclone
- hailstrom
Pests & Diseases
Fire
Quality of inputs
Soil
Market prices
To provide insurance coverage and financial support
to the farmers in the event of prevented sowing &
failure of any of the notified crop as a result of
natural calamities, pests & diseases.
Farmers to be covered:
Compulsory to all loanee farmers and voluntary
to non-loanee farmers.
Limit Of Coverage:
In case of Loanee farmers the Sum Insured would
be at least equal to the amount of crop loan advanced.
o WBCIS(Pilot Weather Based Crop Insurance Scheme) is intended to
provide insurance protection to the farmers against adverse weather
incidence, such as deficit and excess rainfall, high or low temperature,
humidity etc.
Eligibility:
All farmers both loanee and non-loanee, are eligible. Insurance will
be compulsory to loanee and optional for non-loanee farmers.
Insurance Companies:
Agriculture Insurance Co. of India Ltd. (AIC) and ICICI-Lombard,
IFFCO-TOKIO General Insurance Co., Cholamandalam MS General
Insurance Co., HDFC- ERGO General Insurance Co.
Selection of area:
Areas, where WBCIS will be implemented, will be notified by the
State Governments concerned.
Crops covered:
Major cereals, millets, pulses & oilseeds, Commercial/ Horticultural
Crops .
Sum insured:
Maintaining maximum limit of sum insured broadly equivalent to
cost of cultivation, non-loanee farmers will have flexibility to insure smaller
amounts within maximum limit, but not less than 50% of maximum limit of
sum insured.
S.No. National Agricultural Weather Based Crop Ins
Insurance Scheme urance Scheme (WBCIS)
(NAIS)
1. Practically all risks covered Parametric weather related
(drought, excess rainfall, risks like rainfall, frost,
flood, hail, pest infestation, heat (temperature),
etc.) humidity etc. are covered.
However, these
parametric weather param
eters
appear to
account for majority of
crop losses
2. Easy-to-design if historical Technical challenges in
yield data upto 10 years is designing weatherindices
available and also
correlating weather indices
with yield losses. Needs
upto 25 years
historical weather data
3. High basis risk [difference Basis risk with regard
between the yield of the Area to weather could be
(Block / Tehsil) and the high for rainfall and
individual farmers] moderate for others like
frost, heat, humidity etc.
Objective:
MNAIS aims at sustainable production in agriculture sector,
thereby ensuring food security, crop diversification and enhancing growth
and competitiveness from agriculture sector, besides protecting farmers
from production risks.
Loanee farmers are insured under compulsory category while non loanee
farmers are insured under voluntary category.
NAIS is withdrawn for those areas/crops of districts, in which MNAIS is
implemented.
Crops covered:
Food crops (Cereals, Millets & Pulses),Oilseeds,Annual
Commercial/Horticultural crops.
Farmers to be covered:
All farmers including sharecroppers, tenant farmers growing
the notified crops in the notified areas.
Risks covered & exclusions:
1. Upto 2% Nil
Athik Ahmed.B
BTH-12-004