VIRUDHUNAGAR: The Agriculture Insurance Company of India Limited would implement weather-based crop insurance during the kharif season.
In a statement, the Collector, K. Raghupathi said the insurance would be implemented for food grains, cotton and horticulture crops. All farmers immaterial of whether they avail themselves of crop loan or not could benefit from the insurance scheme. They should pay the premiums at nationalised banks, primary agriculture cooperative banks.
The compensation for every acre of paddy, maize and ground nut is Rs. 10,000. While the premium for paddy and maize is Rs. 276, it is Rs. 386 for ground nut.
The compensation for various crops is in the range of Rs. 5,000 an acre to Rs. 40,000. The premium is in the range of Rs. 138 to Rs. 2,647. The farmers could get further information on the scheme from the Assistant Director (Agriculture).