With this, total number of states and union territories implementing the Pradhan Mantri Fasal Bima Yojana (PMFBY), launched early 2016, has reached 27.
"The state has finalised the tender. The state-level coordination committee on crop insurance (SLCCC) met last week and finalised the notification," a senior Union Agriculture Ministry official told PTI.
The notification will be issued any time soon. Paddy, maize, wheat and some oilseeds will be covered under the scheme, he said.
The J&K government had sought the Centre to give permission to cover horticulture crops, especially apple, mango and saffron under PMFBY, but its proposal was denied.
The state had last offered the crop insurance scheme NAIS (National Agricultural Insurance Scheme) for 2013 kharif (winter) crops, under which 4,545 farmers had enrolled insuring a sum of Rs 1,858 lakh, while the claims to the tune of Rs 2.34 crore was given to about 183 farmers.
These two crop insurance policies were merged to launch a new crop insurance scheme PMFBY, under which farmers pay very nominal premium and get full claim for the crop damage.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
