New Crop Insurance Policy is a step in the right direction but needs improvements: CSE
The new scheme will replace two schemes – National Agricultural Insurance Scheme (NAIS) and the modified NAIS (MNAIS). In the case of Weather-Based Crop Insurance Scheme (WBCIS), the government said premium rates would be rationalized on par with PMFBY. The PMFBY will be effective from the Apr 1.
In December 2015, CSE released a major report titled “Lived Anomaly: How to enable farmers in India to cope with extreme weather events”.
The report highlighted the increasing vulnerability of farmers due to increased frequency of extreme weather events. The report recommended major reforms in agriculture insurance to strengthen the coping capacity of farmers.
“Frequency of extreme weather events and slow onset events such as droughts are likely to increase in the future due to climate change. India needs an effective, inclusive and universal insurance scheme to act as a safety net for farmers. PMFBY is a step in the right direction, but it requires some key changes to improve its effectiveness,” said Chandra Bhushan, Deputy Director General, CSE.
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