Search results
Results from the WOW.Com Content Network
The Pradhan Mantri fasal bima yojana (PMFBY) launched on 18 February 2016 by Prime Minister Narendra Modi is an insurance service for farmers for their yields. [1] It was formulated in line with One Nation–One Scheme theme by replacing earlier two schemes Agricultural insurance in India#National Agriculture Insurance Scheme and Modified National Agricultural Insurance Scheme by incorporating ...
AIC was designated by the Government of India as the sole “Implementing Agency” for its flagship Crop Insurance Program, “National Agricultural Insurance Scheme” (NAIS). From Kharif 2016, the Govt. has launched a new Crop Insurance Scheme – Pradhan Mantri Fasal Bima Yojna (PMFBY). AIC is the leading Implementing Agency of this Scheme.
The Government of India experimented with a comprehensive crop insurance scheme which failed. The Government then introduced in 1999-2000, a new scheme titled “National Agricultural Insurance Scheme” (NAIS) or “Rashtriya Krishi Bima Yojana” (RKBY). [ 6 ]
Crop insurance is insurance purchased by agricultural producers and subsidized by a country's government to protect against either the loss of their crops due to natural disasters, such as hail, drought, and floods ("crop-yield insurance"), or the loss of revenue due to declines in the prices of agricultural commodities ("crop-revenue insurance").
(RSBY, National Health Insurance Programme) CSS MoHFW: 2008: Insurance Health insurance to poor (BPL), domestic workers, MGNERGA workers, rikshaw-pullers, building and other construction workers, and many other categories as may be identified by the respective states. [125] National Action Plan for Climate Change (NAPCC) CCP MoST: 2008 Climate
The New India Assurance Co. Ltd. (NIACL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. Headquartered in Mumbai , it is the largest nationalised general insurance company of India based on gross premium collection inclusive of foreign operations.
ICICI Lombard General Insurance is the largest private-sector general insurance company in India. [ 5 ] In a 2016 fiscal, ICICI Bank sold a 9.0% stake in ICICI General to its joint venture partner, Fairfax Financial Holdings, at a company valuation of ₹ 172.25 billion (equivalent to ₹ 250 billion or US$2.8 billion in 2023). [ 6 ]
Reliance General Insurance is a 100% subsidiary of Reliance Capital Limited, a diversified financial services holding company promoted by Reliance Group. [7] The company has participated in various government crop insurance initiatives, including the Pradhan Mantri Fasal Bima Yojana. In FY 2016-2017, the company provided insurance coverage to ...