HP brings wheat, barley under crop insurance scheme

North Gazette News/Shimla
Himachal government on Sunday brought wheat, barley crops of Rabi season 2014-15 under Rashtriya Krishi Bima Yojna (RKBY) to facilitate farming sector of the state.

Himachal government spokesperson said that RKBY or National Agriculture Insurance Scheme (NAIS) would be applicable to all the farmers, growing wheat and barley crops across the state. The areas under crop insurance scheme have already been identified on unit wise basis including Tehsils and Sub-Tehsils.

“Union Agriculture ministry, Department of Agriculture and Cooperation has accorded its administrative approval for the implementation of the RKBY on existing pattern during Rabi seasons,” the spokesperson said.

The spokesperson said that as decided by the state level Coordination Committee on Crop Insurance of the National Agricultural Insurance, the scheme would be implemented during Rabi season to cover wheat and barley crops. “The Agriculture Insurance Company of India Ltd would be the implementing Agency (IA) of this scheme,” he said.

As contained in the crop insurance scheme, natural fire and lightning, storm, hail storm, cyclone, typhoon, hurricane, tornado, drought, dry spells and pests/diseases risks would be covered under the scheme. While the losses arising out of war and nuclear risks, malicious damages and other preventable risks would be excluded.

The scheme is on compulsory basis to loanee farmers availing seasonal agriculture operation (SAO) loans from the financial institutions as commercial banks, cooperative banks, regional banks and primary agriculture cooperatives (PACs) for the insured crops within the stipulated period. For the non loanee farmers, it is optional.

The levels of indemnity for wheat and barley crops are kept at 80 per cent of the Average Yield (Threshold Yield). In case of loanee farmers, sum insures would be at least equal to amount of loan advance. For the loanee farmers, in such cases, where amount of crop loan availed comes out to be more than either the value of threshold yield or 150 per cent of average yield, normal premium rates (lower of flat rate or actuarial rate) would be applicable on the full amount of the loan availed as the full amount of loan is to be compulsorily insured.

The small and marginal farmers eligible for 50 percent government subsidy on total premium as per decision taken by the state government to enhance the subsidy on premium on the insurable crops as maize, paddy, potato and for Ginger under Crop Insurance Scheme from 10 percent to 50 per cent (45 percent as state share and 5 percent as Central share). These farmers would require paying only 50 per cent of the total premium payable.

The official added that the cut off dates had been fixed for accepting the crop insurance proposals from loanee farmers at PACs/bank branches. “For non-loanee farmers the date had been fixed January 31, 2015 whereas for loanee farmers it would be March 31, 2015. The government has fixed September 30, 2015 as cut of dates for submission of yield date to the implementing agency,” he added.
He added that the state level Bankers Committee (SLBC), the lead Bank Managers, the Cooperative Banks and Agriculture Insurance Corporation of India Ltd (Implementing Agency) would take immediate necessary action to ensure the implementation of the crop insurance scheme in the state.