Implementation of the Krishi Amdani Bima Yojana
In the present scenario, the scheme has been implemented in 24 states and is said to cover two union territories respectively. It has said to cover about 1930 lakh farmers in the area that has been included under this Krishi Amdani Bima Yojana Scheme is about 2919 lakh hectares in size. Also, in the last 25 crop seasons there has been a subsequent coverage in both the farmers and the area in this scheme a summation of about rupees 256065 crores has been provided to the farmers the premium that has been reported for the scheme is rupees 7565 crores which will benefit and give advantage of the insurance to about 518 lakh farmers
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.