directorate of marketing & inspection branch head office ... - Agmarknet

4. National
Agricultural
Insurance
Scheme
(NAIS)
Scheme is
available to
all farmers
– loanee
and nonloanee
bothirrespective
of the size
of their
holding.
‣ Withdrawals can be made by using easy and convenient
withdrawal slips. The Kisan Credit Card is valid for 3 years
subject to annual review.
‣ It also covers personal insurance against death or
permanent disability for maximum amount of Rs. 50,000
and Rs. 25,000 respectively.
‣ To provide insurance coverage and financial support to the
farmers in the event of failure of any of the notified crop as
a result of natural calamities, pests and diseases attack.
‣ To encourage the farmers to adopt progressive farming
practices, high value in-puts and high technology in
agriculture.
‣ To stabilize farm incomes, particularly in disaster years.
‣ General Insurance Corporation of India (GIC) is the
Implementing Agency.
‣ Sum insured may extend to the value of threshold yield of
the area insured.
‣ Covers all food crops (cereals, millets and pulses), oilseeds
and annual commercial/horticultural crops.
‣ Provides subsidy of 50 percent in premium of small and
marginal farmers. The subsidy will be phased out over a
period of 5 years on sunset basis.
Long term loan
Name of
Scheme Eligibility Objective/Facilities
All categories of
farmers
(small/medium and
agricultural
labourers) are
eligible, provided
they have necessary
experience in the
activity and required
area.
Agricultural
Term Loan
‣ The banks extend this loan to farmers to create
assets facilitating crop production/income
generation.
‣ Activities covered under this scheme are land
development, minor irrigation, farm
mechanization, plantation and horticulture,
dairying, poultry, sericulture, dry land / waste
land development schemes etc.
‣ This loan is offered in the form of direct finance
to farmers with a repayment span not lass than
3 years and not exceeding 15 years.
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