Crop Insurance Scheme For Financial Stability Of Farmers

LAHORE, (UrduPoint / Pakistan Point News - 15th Apr, 2018 ) :The Punjab government has started crop (takaful) insurance scheme to provide financial stability to farmers. A spokesman for Punjab Agriculture Department said on Sunday that in the first phase of the scheme during Kharif 2018, insurance of crops would be done in Sheikhupura, Sahiwal, Lodhran and Rahim Yar Khan.

In this phase, the insurance would be applicable to crops of cotton and paddy. Under this scheme, 100 per cent subsidy would be given on the premium of the insurance to farmers having five acres of land, while growers having land from five acres to 25 acres would be given a subsidy of 50 per cent, he added.

The spokesman further said that in the second phase, insurance would be applicable to sugarcane, wheat, orchids and other crops. He said that during Rabi 2018, insurance scheme would be started in remaining districts phase wise and to ensure transparency in this regard, online system would also be introduced. APP/yrb/rsd