Features of the Agricultural Insurance Scheme
Features of the Agricultural Insurance Scheme
The chief features of this scheme are as follows:
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The government re-reinsures the scheme's projects excluding the Farmer's House Insurance.
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The implementation of the projects is compulsory for the association as for the Rice, Wheat and Barley Insurance and the Livestock Insurance.
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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.
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A part of the premium which member farmers bear is paid by the government.
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The government bears a part of the operational expenses of the organizations.