Andhra hikes subsidy on farm insurance premium

AP govt has recently announced an increase in subsidy on the premium amounts of crop insurance beginning this rabi season under the Modified National Agriculture Insurance Scheme (NAIS). Three important components were announced in the new scheme, namely, extending the insurance cover for damages at the sowing stage itself, mid-season crop failure and post-harvest claim. The NAIS provides insurance coverage and financial support to farmers in the event of failure of any of the notified crops as a result of natural calamities, pests and diseases.