Weather Based Crop Insurance Scheme (WBCIS)

Weather Based Crop Insurance Scheme (WBCIS)

#Insurance protection for notified food crops, oilseeds and annual horticultural/commercial crops.

#Uniform maximum premium for all farmers like PMFBY :

a) Kharif season – 2% of sum insured.

b) Rabi Season 1.5% of sum insured.

c) Commercial/horticultural crops 5% of sum insured.

#The difference between actual premium and the rate of Insurance payable by farmers shall be shared equally by the Centre and State.

#When the weather indices (rainfall/ temperature/relative humidity/wind speed etc.) is different (less or higher) from the Guaranteed Weather Index of notified crops, the claim payment equal to deviation/shortfall is payable to all insured farmers of notified area.

#Provision for assessment of losses caused by hailstorm and cloudburst at individual farm level.

#Implementing agency will be selected by the State Government through bid.

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