MANAGEMENT

Detailed explanation-1: -Crop Insurance is a comprehensive yield-based policy meant to compensate farmers’ losses arising due to production problems. It covers pre-sowing and post-harvest losses due to cyclonic rains and rainfall deficit. These losses lead to reduction in crop yield, thus, affecting the income of farmers.

Detailed explanation-2: -Ans: Weather Based Crop Insurance aims to mitigate the hardship of the insured farmers against the likelihood of financial loss on account of anticipated crop loss resulting from incidence of adverse conditions of weather parameters like rainfall, temperature, frost, humidity etc.

Detailed explanation-3: -There are mainly two types of crop insurance one is crop yields and the other is crop revenue.

Detailed explanation-4: -i) To provide insurance coverage and financial support to the farmers in the event of prevented sowing & failure of any of the notified crop as a result of natural calamities, pests & diseases. ii) To encourage the farmers to adopt progressive farming practices, high value in-puts and better technology in Agriculture.