Rs 644 crore for agriculture insurance scheme
Union Finance Minister P Chidambaram on Friday announced Rs 644 crores for the National Agriculture Insurance Scheme (NAIS).
By Agencies |
NEW DELHI: Union Finance Minister P Chidambaram on Friday announced Rs 644 crores for the National Agriculture Insurance Scheme (NAIS).
While presenting the Union Budget 2008-09 in Lok Sabha, Chidambaram said the scheme will continue in its present form for Kharif and Rabi crops.
He also announced that Rs 50 crores will be allocated to Weather Based Crop Insurance Scheme that is being implemented as a pilot scheme in selected areas of five States.
The Finance Minister said the government would continue to provide fertilizers to farmers at subsidized prices and that it is examining proposals to move to a nutrient based subsidy regime and alternative methods of delivering the subsidy.
The Special Purpose Tea Fund set up last year for re-plantation ad rejuvenation will be provided Rs 40 crore, said Chidambaram adding that similar funds will be provided to support other plantation crops such as cardamom with an outlay of Rs 10.68 crores, rubber with Rs 19.41 crores and coffee with Rs 18 crores.
While presenting the Union Budget 2008-09 in Lok Sabha, Chidambaram said the scheme will continue in its present form for Kharif and Rabi crops.
He also announced that Rs 50 crores will be allocated to Weather Based Crop Insurance Scheme that is being implemented as a pilot scheme in selected areas of five States.
The Finance Minister said the government would continue to provide fertilizers to farmers at subsidized prices and that it is examining proposals to move to a nutrient based subsidy regime and alternative methods of delivering the subsidy.
The Special Purpose Tea Fund set up last year for re-plantation ad rejuvenation will be provided Rs 40 crore, said Chidambaram adding that similar funds will be provided to support other plantation crops such as cardamom with an outlay of Rs 10.68 crores, rubber with Rs 19.41 crores and coffee with Rs 18 crores.
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