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Pilot scheme on Seed Crop Insurance

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• Title : Pilot scheme on Seed Crop Insurance
• Types : Central Sector Scheme
• Objectives : 1. To provide financial security & income stability to the breeder / seed growers in the event of failure of seed crop. 2. To strengthen confidence in the existing seed breeder/ growers and stimulate participation of new breeder/ growers to undertake seed production programme of newly released hybrid/improved varieties. 3. To provide stability to the infrastructure established by the state owned seed corporations/state farms. 4. To give a boost to the modern seed industry to bring it under scientific principles.
• Salient features : To cover the risk involved in seed production at field stage , loss in expected raw seed yield, loss of seed crop after harvest so that more number of the breeder/ institutions/ organisations/ seed growers would take up and come forward in seed production.
• Pattern of Assistance : 100% Grant by government of India, Ministry of Agriculture for publicity and Training of personnel for the states etc. through General Insurance Corporation of India.(GICI), Mobility / telephone/ telex/telegram/fax/postage charges /stationary etc. for the state seed certification agencies and seed producing organisations, TA/DA, workshop and miscellaneous expenditure of government of India officials. However, grants given to GICI is for risk sharing beyond 200%, on sunset basis.
• Eligibility : All seed growers in public and private sectors of major seed producing states who are willing to participate. The state covered Andhra Pardesh, Orissa, Gujrat, Haryana, Karnataka, Madhya Pardesh, Punjab, Rajasthan, U.P, Maharashtra, Chhatishgarh, and Uttaranchal.
• Procedures to apply : As per the terms and conditions prescribed by GICI for premium and sum insured.
• Person to be contacted : The Joint Secretary Seeds Division, Department Agriculture and Cooperation, Krishi Bhawan, New Delhi.
• Date of Start/duration : The scheme has been launched with effect from Rabi 1999-2000. In the initial state, it is for IXth Plan. For subsequent years, the position depends upon the participation of other states.
• Implementation Status : During 1999-2000 and 2000-01, the financial assistance was provided to the identified states i.e. Andhra Pardesh, Orissa, Gujrat, Haryana, Karnataka, Madhya Pardesh, Punjab, Rajasthan, U.P, Maharashtra for the implementation of the scheme
• Additional information : Assistance is available only for the participating agencies/ organisation/ state governments

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Related Terms: EISGovernment Schemes
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