Weather-based crop insurance launched

Andhra Pradesh chief minister YS Rajasekhara Reddy on Tuesday launched the weather-based crop insurance scheme (WBCIS) in the state. WBCIS helps farmers against financial losses due to adverse weather conditions like rainfall, temperature, humidity, frost and others.


Also Read

Related Stories

News Now
- 11 mega projects to get 50% VAT back
- Andhra to construct social welfare hostels
- SPV for hydrocarbon exploration on cards
- Andhra proposes APMDC, NMDC joint venture
- Sacnty rainfall to hit 3.5 million people
- AP to take up Rs 15300 cr micro irrigation projects

Also Read

Related Stories

News Now

- Sensex slips 84pts amid choppy trades
- Do away with insurance agents' commission by 2011: Govt panel
- Duty Drawback and Entitlement schemes are incentives: SC
- Indian Grand Prix would boost motorsports: Mallya
- Usha Shriram Brita eyes 40% market share
More

The scheme, in the first phase, will cover red chilli crop, both irrigated and unirrigated, in Guntur for the kharif season-2009. All cultivators, including sharecroppers and tenant cultivators of red chilli, would be eligible for coverage.

The sum insured would be equivalent to the cost of cultivation — Rs 150,000 per hectare for irrigated red chilli and Rs 100,000 per hectare for unirrigated crop. Weather stations have been established in 42 mandals of Guntur district.

The chief minister said WBCIS should be extended to all horticulture crops in phases across the state, according to a press release