The working group on risk management in

Financial Outlay for the Government

Download 0.68 Mb.

View original pdf

Page	115/158
Date	19.06.2021
Size	0.68 Mb.
	#56906

1 ... 111 112 113 114 115 116 117 118 ... 158

wg11 risk

4.9.8. Financial Outlay for the Government
As per the risk sharing arrangement of NAIS, claims beyond 100%, premium in case of food crops and oil seeds, and 150%, premium for annual commercial and horticultural crops,
are borne by the government (50:50 basis between the Government of India and States).
Besides, the premium subsidy payable for small / marginal farmers is also borne by the government. On the basis of the coverage and the claims experience of the past 4 years, the government annually spends Rs. 1,000 crores on NAIS for covering about 1.2 crore farmers.

The proposed improvements in NAIS, are expected to significantly increase the financial implications of the government. Indicative financial implications for the government for various improvements are given in Table-17.
Table – 17

Download 0.68 Mb.

Share with your friends:

1 ... 111 112 113 114 115 116 117 118 ... 158