The financial liabilities w.r.t. financing the catastrophic claims for risky lines has been estimated at Rs. 200 crores, Rs crores, Rs. 300 crores, Rs. 350 crores and Rs. 400
crores for the st, 2nd, rd, 4th and 5th years of the Plan Period.
The financial liabilities for covering fruits and vegetables crops can be accurately worked out only after finalizing the scheme design and crops to be covered. Tentatively, a subsidy of Rs. 100 crores, has been included in the financial liabilities.
The financial liabilities for weather insurance pilot have been estimated at Rs crores.
Scaling up the pilot may mean commensurate reduction of liabilities, under ‘Area
Yield’ insurance and hence, may not require additional provision of funds.
The financial liabilities for running a pilot on Farm Income Insurance for select crops has been estimated at Rs. 100 crores. Scaling up the pilot may mean commensurate reduction in liabilities under Area Yield insurance and hence, may not require additional provision of funds.
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