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Types & Role of Crop Insurance in Indian Agriculture

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Frequently Asked Questions About Types & Role of Crop Insurance in Indian Agriculture

Crop insurance is a special kind of insurance that protects farmers from financial losses due to crop failures.

Crop insurance provides income stability, prevents farmers from falling into debt, protects farmers from financial hardships, and encourages investment in modern farming techniques.

Multiple Peril Crop Insurance, Actual Production History, and Crop Revenue Coverage are three types of crop insurance in India

Pradhan Mantri Fasal Bima Yojana (PMFBY), Weather-Based Crop Insurance Scheme (WBCIS), Coconut Palm Insurance Scheme (CPIS), Unified Package Insurance Scheme (UPIS) are the most popular crop insurance schemes for farmers.

PMFBY is a government scheme that provides insurance coverage for food crops, oilseeds, horticulture, and commercial crops.

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