Summary
The government pays most of the cost, so farmers only pay a tiny bit. 💰
New computers and phones make it quick to get help. 📱
All kinds of farmers, even those without loans, can join. 👩🌾
Key Points
5 points1
Started in 2016 to protect crops.
2
Farmers pay at most 2% of the crop cost.
3
Government covers the rest of the price.
4
Over 92 crore farmer applications have been insured.
5
Digital tools like an online portal help with claims.
New Words to Learn
7 wordssubsidy
money the government gives to lower the cost for farmers
premium
small amount of money farmers pay for insurance
crop
the plants like wheat or rice that farmers grow
insurance
a promise to give money if something bad happens
digital
using computers and the internet
remote sensing
using satellites to look at farms from far away
sharecropper
a farmer who works land that belongs to someone else and shares the harvest
Want to learn even more? Click here to read the full story!
🔊 Reading Article
Kid-friendly voice