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Crop insurance scheme in India modified

New Delhi, Sep 16 (Calcutta Tube) The government Thursday approved a host of modifications in the decade-old crop insurance scheme in a bid to make it more farmer-friendly.

While approving the Modified National Agricultural Insurance Scheme (MNAIS), the Cabinet Committee on Economic Affairs, at a meeting chaired by Prime Minister Manmohan Singh, also approved a budgetary allocation of Rs.358 crore to implement the schemes in 2010-11 and 2011-12.

According to an official release, the central government scheme will be implemented on a pilot basis in 50 districts in the last two years of the 11th Five Year Plan starting from the rabi season of 2010-11.

The MNAIS has been formulated incorporating necessary changes in consultation with various states to remove the deficiencies and make it more comprehensive and farmer friendly, it added.

The central government has implemented the farm insurance scheme since 1999-2000.

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