Priyanka Poojary
On February 26, 2022 Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal launched Weather based crop insurance scheme for cardamom farmers. This scheme aims to double the export of spices in the next five years. It aims to provide assistance to the cardamom farmers through crop protection. This scheme will help the farmers to increase their production as well as export. Climate changes like unexpected rainfall, heavy rainfall and scanty rains affect the cardamom crops to a great extent.
Crop protection insurance under this scheme will provide cover the farm crops of cardamom farmers thereby lessening the loss and impact on income of the farmers. This scheme will currently focus on Idukki district on a trial basis. It is a joint venture of Spices Board and Agricultural Insurance Company thereby to benefit the cardamom farmers.
Overview:
| Scheme | Weather-based Crop Insurance Scheme for Cardamom Farmers |
| Scheme Under | Central Government |
| Launched By | Union Minister Piyush Goyal |
| Launch Date | February 26, 2022 |
| Implemented By | Spices Board and Agricultural Insurance Company |
| Beneficiaries | Cardamom farmers |
| Benefit | Crop insurance to protect the cardamom farmers against natural calamities |
| Main Objective | To support the cardamom farmers against the risk of loss due to natural calamities. |
Benefits:
- The cardamom farmers will get an insurance cover for their crops.
- Insurance cover under this scheme will provide a protection to crops against the natural calamities.
- It will support the farmers against the potential risk of loss due to crop damage.
- It will encourage increase in production as well as export of cardamom.
- This scheme will benefit the small scale farmers in the country.
Application Process:
- Yet to be notified.
Documents Required:
- Aadhaar card
- Domicile certificate
- Land documents
- Farm and crop details
- Bank account details
- Passport size photo
