Govt likely to revamp PSF for plantation
The Government is likely to revamp the Price Stabilisation Fund (PSF) for plantation crops and increase the insurance cover for workers to Rs one lakh.
By PTI |
NEW DELHI: The Government is likely to revamp the Price Stabilisation Fund (PSF) for plantation crops and increase the insurance cover for workers to Rs one lakh.
The Group of Ministers on Plantations, which recently met under the chairmanship of Agriculture Minister Sharad Pawar, also recommended that the weather-linked insurance scheme for coffee growers should be implemented with an expenditure of about Rs 23 crore.
The GoM, which held its first meeting on January 9, more than nine months after its constitution, said the PSF should be made more dynamic taking into account the seasonal fluctuations in prices. It also felt the delivery mechanism should be improved.
At present the coverage under the personal accident insurance is Rs 25,000. The GoM was of the view that it should be raised to Rs one lakh and the premium should be shared equally by the government and the plantation workers.
The Group gave the key recommendation of implementing the weather-linked insurance scheme after the Department of Agriculture concurred with Department of Commerce, sources said.
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It was decided that the scheme should be taken to the Cabinet Committee on Economic Affairs for final clearance after the GoM vets it. The inter-ministerial task force, going through the details of the scheme, has been asked to submit its report in a month.Download
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