
Vyas further said that according to the National Crop Insurance Scheme, farmers’ premium has been kept at a maximum of 2 per cent for foodgrains and oilseeds and up to 5 per cent for horticulture/cotton crops. The farmers’ premium would be 1.5 per cent for rabi foodgrains and oilseeds crops, while 2 per cent for kharif foodgrains and oilseeds crops. For horticulture and cotton crops it has been fixed at up to 5 per cent for both the seasons. “This move will provide great relief to farmers,” said Vyas. He added that the State Government and Central Government have made a provision of Rs 7,500 crore with shares being 50-50 percent.
The Insurance Companies are bound to pay the crop damage compensation within 45 days to the farmers, said Vyas.
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