Bhubaneswar, Sept 3 (LocalWire): A data provided by the state agricultural department has been found that Odisha’s farmers shy away from farm loan and go for crop insurance instead.
The farmers who have obtained crop insurance stands at a whopping 79.27 per cent, reaching 272,909 farmers, according to the data.
The government is working out a plan to strengthen to promote weather-based insurance, increase non-loanee farmers’ insurance coverage and allow for mixed cropping and increase in the number of crops notified.
While there are no instruments to take care of this risk other than the Minimum Support Price and the Minimum Price Intervention Scheme (MIS), alternate models will be worked out while strengthening the existing options.
Insurance for livestock, poultry and fisheries will be enlarged to cover more than 50 per cent of the farmers in these categories.
To safeguard the interests of farmers, KALIA, the state’s flagship programme in farming sector, provides life insurance for all farmers.
The production risk of all major crops will be taken care of through the Pradhan mantri fasal bima yojana, said officials.