HDFC ERGO General Insurance Company ltd has been authorised by Chhattisgarh Government to implement Weather Based Crop Insurance Scheme (WBCIS) for loanee and Non loanee farmers.
The WBCIS will be implemented for Kharif 2014-15 for paddy, maize, soyabean, groundnut, arhar, moong, and Urad in Bijapur district. All the products under Weather Based Crop Insurance Scheme are approved by the Department of Agriculture, Government of Chhatishgarh, a press release issued by the Bank stated here on Wednesday.
The WBCIS offers insurance cover against losses of farmers due to aberrant weather conditions during the crop cycle. The claim amounts will be settled on the basis of data taken from reference weather stations mentioned in the Scheme and managed by independent third party organization. The last date of getting insurance cover under this scheme is July 15, 2014.