New farm insurance scheme on the anvil
Hyderabad, September 24: The Union government is planning to unveil a new agriculture insurance scheme– Modified National Agriculture Insurance Scheme (MNAIS), but with hefty premiums.
The new premiums would be five to 10 times more than the previous ones. However, the state and Centre would bear most of the burden.
This was announced by agriculture minister N Raghuveera Reddy at a press conference here today.