JK Crop Insurance Scheme 2024: Check Complete Details
Jammu and Kashmir Crop Insurance Scheme
The JK Crop Insurance Scheme was started by the Jammu and Kashmir (J&K) government to shield farmers from monetary risks brought on by pests, illnesses, and natural disasters.
This program is in line with the Restructured Weather-Based Crop Insurance Scheme (RWBCIS) and the Pradhan Mantri Fasal Bima Yojana (PMFBY).
It seeks to protect agricultural revenue, promote contemporary farming methods, and aid in the area's sustainable growth.
The Scheme's Financial Protection Goals:
● To give farmers financial security by protecting crops from a range of hazards.
● Supporting cutting-edge agricultural technologies to increase output.
●Providing farmers with a steady income in spite of losses is known as income stabilisation.
● Encouraging farmers to become self-sufficient financially.
Important Aspects of the Plan
1. Benefits and Coverage Major crops in the area that are susceptible to unfavourable weather conditions and other hazards, like maize, saffron, and apples, are covered by the program.
It provides defence against: Variations in the weather (such as droughts, floods, and unexpected precipitation) Diseases and pests Natural catastrophes such as landslides and hailstorms
2. Reasonably priced premiums Small and marginal farmers can participate in the program because farmers receive subsidised premium rates. To guarantee affordability, the government works with commercial insurance.
3. Farmers can sign up for the program online, which streamlines the enrolment and claim submission procedure.
4. Farmers are informed about the program's benefits through awareness efforts that use mobile vans, farmer fairs, and workshops.
How the Plan Operates Enrolment:
Farmers can sign up through specific portals or at their local agriculture agencies.
Aadhaar identification, crop information, and confirmation of land ownership are required documentation.
A little premium that varies by crop and region is paid by farmers. The government provides subsidies for the remainder.
Farmers are required to report crop losses within 72 hours. After a joint inspection to evaluate the loss, the claim is approved and paid out.
Benefits of the Plan
Increased Confidence: Farmers don't have to worry about going bankrupt when they invest in better inputs.
Enhanced Productivity: Farmers are more inclined to use cutting-edge farming methods when risks are lower.
Economic Growth: Maintaining farm revenue stability helps J&K's economy as a whole.
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