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    National Agri. Insurance Policy

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    sudhirkale
    The National Agricultural Insurance Scheme (NAIS) provides insurance coverage for crop failures due to natural calamities, pests, and diseases. It covers all food crops, horticultural crops, and oilseeds for both loan and non-loan farmers. The scheme aims to provide financial support to farmers, encourage progressive farming practices, and stabilize farm incomes. However, it has limitations such as mandatory enrollment, arbitrary premiums, delays in claims settlement, and lack of price risk coverage. Overall, the scheme aims to support crop production and agriculture development in India.

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    National Agri. Insurance Policy

    Uploaded by

    sudhirkale
    44 views11 pages
    The National Agricultural Insurance Scheme (NAIS) provides insurance coverage for crop failures due to natural calamities, pests, and diseases. It covers all food crops, horticultural crops, and oilseeds for both loan and non-loan farmers. The scheme aims to provide financial support to farmers, encourage progressive farming practices, and stabilize farm incomes. However, it has limitations such as mandatory enrollment, arbitrary premiums, delays in claims settlement, and lack of price risk coverage. Overall, the scheme aims to support crop production and agriculture development in India.

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    objectives, assistance, limitations

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    The National Agricultural Insurance Scheme (NAIS) provides insurance coverage for crop failures due to natural calamities, pests, and diseases. It covers all food crops, horticultural crops, and oilseeds for both loan and non-loan farmers. The scheme aims to provide financial support to farmers, encourage progressive farming practices, and stabilize farm incomes. However, it has limitations such as mandatory enrollment, arbitrary premiums, delays in claims settlement, and lack of price risk coverage. Overall, the scheme aims to support crop production and agriculture development in India.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    44 views11 pages

    National Agri. Insurance Policy

    Uploaded by

    sudhirkale
    The National Agricultural Insurance Scheme (NAIS) provides insurance coverage for crop failures due to natural calamities, pests, and diseases. It covers all food crops, horticultural crops, and oilseeds for both loan and non-loan farmers. The scheme aims to provide financial support to farmers, encourage progressive farming practices, and stabilize farm incomes. However, it has limitations such as mandatory enrollment, arbitrary premiums, delays in claims settlement, and lack of price risk coverage. Overall, the scheme aims to support crop production and agriculture development in India.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 11

    National Agri.

    Insurance Policy
    of GOI , its effect and limitations

    PRESENTED BY-
    SUDHIR KALE.
    MITCON INSTITUTE OF
    MANAGEMENT, PUNE.
    National Agri. Insurance Policy

    National agricultural insurance scheme (NAIS) has


    been implemented in 1999-2000 for providing
    insurance coverage for failure of notified crops due
    to natural calamity, pest and diseases.
    This scheme is available to all Indian farmers
    It covers all food crops (cereals/pulses)
    horticultural crops, oil seeds.
    The scheme is being implemented from Rabi 1999-
    2000.
    Objectives:

    1) To provide insurance coverage and financial


    support to the farmers in the event of failure of
    any of the notified crop as a result of natural
    calamities, pests and diseases.
    2) To encourage the farmers to adopt progressive
    farming practices, high value inputs and higher
    technology in agriculture.
    3) To help stabilize farm incomes, particularly in
    disaster years.
    Salient Features:

    1) Scheme is available to all farmers – loanee and


    non-loanee ,both – irrespective of the size of their
    holdings. Compulsory for loanee farmers and
    optional for non-loanee farmers.
    2) Coverage of all food crops (cereals, millets and
    pulses), oilseeds and annual commercial/
    horticultural crops.
    3) Premium rates are 3.5% for bajra, and oilseeds
    and 2.5% for other Kharif crops,  1.5% for wheat,
    and 2% for other rabi crops
    Assistance:

    Premium subsidy to small and marginal farmers


    etc. are shared between Central and State
    Governments on 50 : 50 basis in the initially. 
    Area of operation:

    1) Central Government is the policy making


    authority for the scheme.
    2) Presently, General Insurance Corporation of
    India (GIC) is the Implementing Agency.
    3) The activities relating to the implementation of
    NAIS are carried out through GIC, rural financial
    institutions, State Governments.
    Documents Required for Agriculture Insurance Claim:

    The farmer must approach the designated branch /


    PACS and submit the proposal form in the
    prescribed format.
    The farmer must provide documentary evidence in
    regard to the possession of cultivable land (copy of
    the pass book and extract.
    Land revenue receipt should be enclosed.
    The farmer must furnish area sown confirmation
    certificate, if required.
    Limitations:

    The main flaws of NAIS include its mandatory


    nature, its failure to address adverse selection by
    non-loanee farmers, arbitrary premiums, and the
    inefficiency of the area approach.
    NAIS protect a farmer’s income partially as they
    cover only production risks and have no mandate to
    cover market (price) risks.
    Objectivity and transparency is relatively less.
    Cont……

    Delays in claims settlement.


    calculation of guaranteed income.
    Low indemnity level.
    Effects

    It acts as a critical instrument of development in


    the field of crop production, providing financial
    support to the farmers in the event of crop failure. 
    It Encourage farmers to adopt progressive farming
    practices and higher technology in Agriculture.
    It help in maintaining flow of agricultural credit.
    Send feedback on [email protected]

    Y OU
    AN K
    TH

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