Pilot Project on Farm Income Insurance Scheme - Sa-Dhan
Pilot Project on Farm Income Insurance Scheme - Sa-Dhan
Pilot Project on Farm Income Insurance Scheme - Sa-Dhan
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AGRICULTURE INSURANCE COMPANY OF INDIA LTD.BENEFITS EXPECTED FROM SCHEMEThe “<strong>Farm</strong> <strong>Income</strong> <strong>Insurance</strong> <strong>Scheme</strong>” is expected to:• BE a critical instrument of development in the field of Crop Producti<strong>on</strong>,providing financial support to the <strong>Farm</strong>ers in the event of loss of farm income.• ENCOURAGE <strong>Farm</strong>ers to adopt progressive farming practices, both in termsof agricultural technology, and market ec<strong>on</strong>omics.• HELP in maintaining flow of Agricultural Credit.• PROVIDE significant benefits not merely to the insured <strong>Farm</strong>ers, but to theentire community directly and indirectly through spillover and multiplier effects,in terms of maintaining crop-producti<strong>on</strong> & farm-employment, generati<strong>on</strong> ofmarket fees & taxes, and net accreti<strong>on</strong> to ec<strong>on</strong>omic growth.• STREAMLINE Yield assessment procedures and Pricing mechanisms, thushelping to build up huge and accurate statistical database.
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