HDFC bank starts weather based crop insurance for HP farmers

Shimla/April 16
HDFC ERGO General Insurance Company today said that Weather Based Crop Insurance Scheme (WBCIS) is being implemented in Himachal for Rabi season.
A HDFC spokesperson said that the bank has been authorized by the state government to implement Weather Based Crop Insurance Scheme (WBCIS) for Loanee farmers and the scheme will be implemented for Rabi, 2013-14 for Apple in Narkanda (Tehsil Kumarsain) and Rampur (Tehsil Rampur) of Shimla District and Nirmand (Tehsil Nirmand) in Kullu districts of Himachal. “All the products under Weather Based Crop Insurance Scheme are approved by the Department of Horticulture, Government of Himachal Pradesh,” he said.
He said that the WBCIS offers insurance cover against losses of farmers due to aberrant weather conditions during the crop cycle. The claim amounts will be settled on the basis of data taken from reference weather stations mentioned in the Scheme and managed by independent third-party organization.