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Features of the Agricultural Insurance Scheme

Features of the Agricultural Insurance Scheme

The chief features of this scheme are as follows:

1. The government re-reinsures the scheme's projects excluding the Farmer's House Insurance.
2. The implementation of the projects is compulsory for the association as for the Rice, Wheat and Barley Insurance and the Livestock Insurance.
3. As for the Rice, Wheat and Barley Insurance, the participation of the farmers who cultivate either of the rice, wheat or barley in the fields over the specific acreage is compulsory.
4. A part of the premium which member farmers bear is paid by the government.
5. The government bears a part of the operational expenses of the organizations.

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