Farm Insurance Corporation Soon

The center would soon set up Bhartiya Krishi Beema Neegam  or National Agricultural Insurance Corporation as a subsidy of the General Insurance Corporation to implements the proposed Modified Comprehensive Crop Insurance Scheme (MCCIS)from the next rabi season beginning October. Under the MCCIS, farmers would be divided into loanee categories and the loanee and non-loanee categories and the loanee farmers would have to compulsorily avail of insurance. Among the loanee farmers , there would be tow sub categories of small and marginal farmers, on the one hand , and medium and large farmers on the other while the farmer would have to pay a confessional insurance change on  crop amount underwritten, the bigger farmer groups would have to shell out the actuarial premium that is due, from Ministry of Agriculture , Government of India.

Moreover, the earlier scheme placed a limit of Rs. 10,000 per farmer on the amount he or she was eligible to receive. In our scheme , there would be no such cap on the amount to be insured ", sources. The ministry authority said that the government would also accord top priority to 'Chakabandi' or consolidation of land holdings, which he left was a key to higher per hectare productivity. Currently , even if farmer own, says , ten hectares , these are spread over three or four plots , which made agricultural operation, particularly mechanization rather cumbersome, authority added that only Punjab , Hariyana and western UP had undertaken 'Chakabandi' on a significant scale and it is the factor which explains why the green revolution has succeeded in these states. The arm sector should be freed from all unnecessary central and state laws relating to the production , marketing and movement of farm goods", Ministry said

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