Crop Insurance Scheme

Crop insurance is a financial protection for farmers against losses caused by unpredictable events like drought, flood, or pests. When such damage occurs, the insurance scheme provides compensation to help farmers recover their costs and continue farming. It helps reduce financial stress, promotes stable agricultural productivity, and encourages investment in better farming practices. Generally, farmers pay a premium, which is often subsidized by the government, making insurance accessible and affordable. In essence, crop insurance acts as a safety net, ensuring farmers are protected from the risks of nature’s uncertainties.