Summary
The Union Ministry of Commerce and Industry launched the Revenue Insurance Scheme for Plantation Crops in September 2016 to protect tea growers from pest attacks, yield loss, and income fluctuations.
Revenue Insurance Scheme for Plantation Crops
Highlights
Scheme Overview
The Revenue Insurance Scheme for Plantation Crops was initiated by the Union Ministry of Commerce and Industry in September 2016. Its primary goal is to safeguard tea growers from pest attacks, yield losses, and income instability.
Scheme Objectives
This scheme is specifically designed to protect small tea growers. It establishes a market link involving the Central government, state government, and tea growers. The scheme aims to shield growers from the dual risks of adverse weather conditions and price volatility, covering yield losses caused by weather, pest attacks, and other uncontrollable factors.