Crop Insurance

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Crop insurance is one of the various types of insurance that are offered to the people. This insurance is directed to the farmers and agriculturists. This Crop insurance scheme has been going on since the time of Kharif 1985. This insurance offers financial assistance for risk management in agriculture.

This insurance policy is a relief scheme for the farmers whose crops get spoiled during natural catastrophe. The insurance amount that is offered to the farmers is equal to the loan amount that has been disbursed to them. A certain amount of premium is charged against the crop insurance.

The loss that is incurred due to natural calamities is met by the Government of India. It is to be noted that the insurance covers only one crop. The crop insurance does not cover financial assistance to multiple crops.

Experimental Crop Insurance Scheme is offered to the marginal farmers. This was introduced during the 1997 to 1998 rabi season by the Government of India. Large numbers of farmers are included under this scheme. Financial security is offered to the farmers by this crop insurance.

Crop insurance services are offered to the farmers for better production of the crops and introduction of modern technologies. Top quality services are rendered to the farmers and clients. The risk factor that is involved with the production of the crops has reduced much because of the introduction of this insurance policy.

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