Indian government nod to horticulture insurance scheme for three years

The scheme provides financial support and security to farmers in the likelihood of financial loss to farm produce caused by natural calamities, including hailstorm and unseasonable rain.

The Maharashtra government has given nod for implementing the ‘Restructured Weather Based Horticulture Insurance Scheme’ (RWBHIS) between 2020-21 and 2022-23. State Agriculture Minister Dadasaheb Bhuse said farmers can now register online for the voluntary crop insurance scheme, which is open for both farmers with existing crop loans or those willing to take new ones.

The scheme provides financial support and security to farmers in the likelihood of financial loss to farm produce caused by natural calamities, including hailstorm and unseasonable rain. Under it, a farmer has to pay only five per cent of the total insurance premium, while the remaining amount is paid by the Centre and state.

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