India to launch first major crop insurance scheme in 2016/17 - minister | Reuters

NEW DELHI India will launch its first major crop damage insurance scheme for farmers in the fiscal year starting April 1, Agriculture Minister Radha Mohan Singh said on Friday, in what could be Prime Minister Narendra Modi's first significant move to address the distress plaguing the country's agricultural sector.

The impact of unseasonal rains and two straight years of drought on agriculture that sustains over two-thirds of India's 1.25 billion people has dented Modi's popularity in the countryside, contributing to a humiliating loss for the premier in elections last year in the largely rural state of Bihar.

Reuters reported last month that India will launch a new farm crop insurance scheme in 2016 and use drones and other technologies to assess crop damage.

(Reporting by Sankalp Phartiyal; Editing by Sunil Nair)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Jan 09, 2016 01:30 AM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See