THIRUVANANTHAPURAM: The notification of the climate-based crop insurance being implemented jointly by the Central and the State governments and the Agricultural Insurance Company of India has been issued. It will be available for the pepper cultivators of Wayanad and Idukki districts and the paddy cultivators of Palakkad district. The scheme provides for the payment of compensation for variation of rainfall during the period insured. The premium to be paid by the farmers is Rs.662 per acre for pepper and Rs.243 per acre for paddy. The Centre and the State will provide 50 per cent of the premium for pepper and 78 per cent of the premium for paddy as subsidy.
The maximum compensation to be paid is Rs.10,000 per acre. The last date for joining the scheme is July 6. More details can be had from the office of the Agricultural Insurance Company of India in Thiruvananthapuram or from the Krishi Bhavans.