2. 1999
Crop insurance scheme came into existence in India in 1999.
More information:
The National Agricultural Insurance Scheme (NAIS) is a Government-sponsored crop insurance scheme that has been implemented in the country since the 1999-2000 Rabi season as part of agricultural risk management to provide support farmers in the event of crop failures as a result of natural disasters, pests and diseases.
The program is available to all farmers regardless of the size of the catch. Consideration should be given to the coverage of all food crops (cereals, sorghum and sorghum), oil seeds and annual commercial /agricultural crops, in relation to past yield data available for sufficient years.
Agriculture Insurance Company of India Ltd. is the Implementing Agency of the Scheme.
[Read more]