Frequently Asked Questions on Krishi Amdani Bima Yojana
Q1: When did the National Agricultural Insurance Scheme came into effect?
Ans:
The NAIS came into effect through the nation in the years 1999-2000 Rabi season.
Q2: Define crop insurance.
Solution:
The crop insurance is the safeguard provided against the lost of crops, which may be associated with some unforeseen circumstances, like natural disasters or pests.
Q3: Briefly indicates the types of Agricultural insurance.
Solution:
There are following types associated with agricultural insurance :
- Animal agricultural insurance,
- Equipment insurance
- Agricultural and crops insurance
- Farm property insurance.
Q4: State some of the problems of agricultural insurance?
Solution:
Some of the problems associated with the agricultural insurance are :
- Data collection to a large extent
- Adverse selection
- No support for the development of infrastructure
- Demand constraints and low incomes
- Post-disaster relief
Krishi Amdani Bima Yojana
The Krishi Amdani Bima Yojana is also known as the national agricultural insurance scheme, written commonly (NAIS). This scheme was sponsored by the government and it was implemented as a measure to provide crop insurance throughout the country. The scheme was developed keeping in mind the objective of providing financial assistance to the farmers. This came in the country since the Rabi crop act took place in the year 1999 to 2000. This act was developed as a part of risk management wherein in the failure of crops of the farmers they would be provided financial assurance, the crops may fail due to natural calamities or other natural disasters are sometimes being eaten away by the pests. They may get destroyed and disrupt the livelihood of the farmers. The agency behind the implementation of this scheme was Agriculture Insurance Company of India, also referred by AIC.