CURRENT AFFAIRS

Detailed explanation-1: -Hyderabad, Telangana, 21 September, 2021: The Telangana government has entered into an agreement today with Wingsure, an insurtech venture spin-out of SRI International (formerly Stanford Research Institute) that leverages artificial intelligence and deep technology to protect farmers worldwide.

Detailed explanation-2: -National Agricultural Insurance Scheme (NAIS): To enlarge the coverage in terms of farmers (loanee and non-loanee both), more crops and more risks, ‘National Agricultural Insurance Scheme (NAIS) – (Rashtriya Krishi Bima Yojana)’ was introduced in Rabi 1999-2000 season in the country.

Detailed explanation-3: -First ever Crop Insurance scheme - 1972 The first crop insurance program was introduced in 1972-73 by the ‘General Insurance’ Department of Life Insurance Corporation of India on H-4 cotton in Gujarat.

Detailed explanation-4: -It continued up to 1978-79 and covered only 3110 farmers for a premium of 4.54 lakhs against claims of 37.88 lakh. Professor V. M. Dandekar is often referred to as the “Father of Crop Insurance in India.”

Detailed explanation-5: -The Scheme envisages coverage of all the food crops (cereals, millets and pulses), oilseeds and annual commercial/horticultural crops, in respect of which past yield data is available for adequate number of years.