Author Topic: Centre unveils new Prime Minister Crop Insurance Scheme, no upper limit on gover  (Read 685 times)


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NEW DELHI: The government has unveiled a new Prime Minister Crop Insurance Scheme with premium to be paid by farmers as low as 1.5 per cent of sum assured for all rabi crops and 2 per cent for kharif crops.

The scheme comes without any cap on overall premium rate to ensure full claims, which means there is no upper limit on the subsidy the government provides towards balance premium.

"This scheme will be like a suraksha kavach (shield) for farmers and remove an atmosphere  ..

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