Crop Insurance is a comprehensive yield-based policy meant to compensate farmers' losses arising due to production problems. It covers pre-sowing and post-harvest losses due to cyclonic rains and rainfall deficit.
How does crop insurance work? Crop insurance is a program that helps farmers cover the costs of lost or damaged crops. The government pays a portion of the claim, and the farmer receives a payout if the crop is covered by the policy. The benefits of crop insurance include prevention of financial loss and peace of mind during uncertain times. Farmers can use insurance to protect against weather-related losses, such as hail, wind, and floods. Additionally, crop insurance can help cover ...