National Crop Insurance Programme

Agricultural Insurance in India is covered by “National Crop Insurance Programme” which was launched by UPA government in 2013 by merging three schemes viz. Modified National Agricultural insurance Scheme (MNAIS), Weather Based Crop insurance Scheme (WBCIS) and Coconut Palm Insurance Scheme (CPIS). These three schemes now serve as components of the NCIP.

Unit area of insurance has been reduced to the village/village panchayat level in the restructured scheme of ‘National Crop Insurance Programme’ (NCIP).

Objectives

National Crop Insurance Programme provides financial support to farmers for losses in their crop yield, to help in maintaining flow of agricultural credit, to encourage farmers to adopt progressive farming practices and higher technology in Agriculture and thereby, to help in maintaining production, employment & economic growth.

Components

The NCIP has three components viz.

Modified National Agricultural insurance Scheme (MNAIS)

MNAIS provides insurance coverage and financial support to the farmers in the event of failure of crops and subsequent low crop yield.

Weather Based Crop insurance Scheme (WBCIS)

In 2015-16, the Weather-based Crop Insurance Scheme (WBCIS) is being implemented as component of National Crop Insurance Programme (NCIP). This scheme provides insurance coverage and financial support to the farmers in the event of failure of crops due to Adverse Weather Incidence and subsequent crop loss.

Coconut Palm Insurance Scheme (CPIS)

There is a separate insurance component for Coconut palm growers.

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