Summary
This article outlines the Revenue Insurance Scheme for Plantation Crops, initiated in September 2016 by the Union Ministry of Commerce and Industry to protect small tea growers from pest attacks, yield losses, and income instability.
Revenue Insurance Scheme for Plantation Crops
Highlights
Scheme Initiation and Purpose
The Revenue Insurance Scheme for Plantation Crops was launched in September 2016 by the Union Ministry of Commerce and Industry. Its main objective is to protect tea growers from the adverse effects of pest attacks, yield losses, and income instability.
Target Beneficiaries and Protection Scope
This scheme is specifically tailored to support small tea growers. It creates a market linkage between the Central government, state government, and tea growers to shield them from the risks of adverse weather conditions and price volatility. The scheme covers yield losses resulting from weather events, pest attacks, and other uncontrollable factors.