Govt constitutes committee to work out modalities for crop insurance scheme

Insurance scheme will first cater to the losses suffered on account of hailstorm: Veeri

SRINAGAR: The government has constituted a committee to work out modalities for framing a crop Insurance Scheme for horticulture produce of the State.

The decision in this regard was taken at a high level meeting held between the officers of Horticulture, Agriculture, Finance and Planning Departments and representatives of J&K Bank, NABARD and Insurance Companies here today.

Minister for Horticulture, Mr Abdul Rehman Veeri chaired the meeting.

Vice Chancellor SKUAST, Kashmir would be the chairman of the Committee, while as Director General Finance, Director Planning ,Director Planning Agriculture Production, Directors Horticulture, Agriculture of Kashmir and Jammu provinces, President Credit J&K Bank, Director General NABARD besides representatives of  Insurance Companies would be the members of the Committee.

The Committee would formulate guidelines and parameters for introducing Crop Insurance Scheme especially for apple and mango fruits to provide financial assistance in times of natural disaster like hail storm to the fruit growers and submit its report to the government within 15 days.

The Horticulture Minister said that government is keen to introduce weather-based crop insurance scheme for all fruits, in particular apple and mango. He said the scheme aims to protect farmers against losses caused by weather vagaries and other eventualities.

Mr Veeri asked the officers concerned and representatives of financial institutions to discuss the issue thoroughly and present a viable recommendation to the government for introducing a grower friendly crop insurance scheme.

The Minister said an effective mechanism has to be worked out for providing weather-based crop insurance, in particular to apple orchardists, so that some sort of financial security and risk cover is extended to them. He said that the insurance scheme for fruit growers will first cater to the losses suffered on account of hailstorm under the new scheme adding that Government expects to cover 70% of the total area under apple cultivation.

Meanwhile the Minister also held a meeting with the representatives of Fruit Growers and Traders Association Sopore. During the meeting several developmental issues related to Fruit Mandi Sopore were discussed.

The Minister said that necessary measures are under way to modernize the Fruit mandi Sopore. He said that macadamization of mandi and its link road would be carried out soon adding that for the purpose, the government has earmarked Rs 4 crore. He said a cold storage and grading and packaging units would be also setup in the mandi.

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.



Observer News Service

Leave a Reply

Your email address will not be published.