3700 hectares of saffron land in Kashmir covered under crops insurance
Saffron crops spread over an area of 3700 hectares would be covered under Crops Insurance Scheme (CIS) in the Kashmir valley, where the agriculture department has decided to implement weather based CIS during the current financial year.
Officials said here today that agriculture department Kashmir is implementing Weather Based CIS in Kashmir division during the current year and 50 per cent of the premimum will be paid by the government.
In the first instance saffron crop spread over an area of 3,700 hectares shall be covered under the scheme.
They said three companies shall be authorised to provide the insurance cover to the crop on uniform pattern and uniform data of premium.
Under this scheme it has been decided that insurance cover shall be provided at Rs 2 lakh per hectare and the crop shall be covered for deficit rainfall, consecutive dry spell, low temperature and high rainfall.
They said 50 per cent of the premium shall be borne by the Government under the scheme.
It has also been decided that Insurance companies shall install an automatic weather station at Pampore for capturing of data on the basis of which the crop shall be covered.
Meanwhile, under the Kissan Credit Cards (KCC) scheme so far 3 lakh KCC have been issued to the farmers in Kashmir division, out of which a loan amount of Rs 566 crores have been disbursed among 2.07 lakhs card holders.
(Posted on 26-05-2014)