GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Oct. 1997
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Oct. 1998
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Oct. 1999
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Oct. 2000
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Detailed explanation-1: -National Agricultural Insurance Scheme (NAIS) was introduced by the Government of India to provide insurance coverage and financial subsidy to the farmers in the event of crop losses suffered on account of natural calamities, pests and diseases.
Detailed explanation-2: -The present crop insurance scheme, i.e., National Agricultural Insurance Scheme (NAIS), launched by the Hon’ble Prime Minister on 22nd June 1999 replaced the CCIS from Rabi 1999-2000 season.
Detailed explanation-3: -Agriculture Insurance Company of India Limited was incorporated under the Indian Companies Act 1956 on 20th December, 2002 with an authorised share capital of INR 15 billion and paid up capital of INR 2 billion. AIC commenced business from 1st April, 2003.