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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").
Livestock Insurance Scheme in India provided "provide protection mechanism to the farmers and cattle rearers against any eventual loss of their animals due to death and to demonstrate the benefit of the insurance of livestock to the people and popularize it with the ultimate goal of attaining qualitative improvement in livestock and their ...
It aims to reduce the premium burden on farmers and ensure early settlement of crop assurance claim for the full insured sum. Pradhan Mantri Fasal Bima Yojna (PMFBY) aims to provide a comprehensive insurance cover against failure of the crop thus helping in stabilising the income of the farmers. The scheme covers all Food & Oilseeds crops and ...
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.
Without a universal definition, the term “value chain” is now being used to refer to a range of types of chain, including: An international, or regional commodity market. Examples could include “the global cotton value chain”, [ 9 ] “the southern African maize value chain” or “the Brazilian coffee value chain”;
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Agricultural policies aimed at reducing poverty include India's Pradhan Mantri Fasal Bima Yojana, which offers crop insurance to farmers to protect them from weather-related uncertainties and potential crop failures. [citation needed] This initiative provides farmers with financial aid for crop loss, reducing the risk of falling into poverty.
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