📰 News ⏱ 2 min

How Does the Government Help Fish Farmers Get Insurance? 🛡️

India’s fish farms have grown a lot, but they can lose fish to disease, floods or storms.

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Key Points

4 points

Fish production in India doubled in ten years, now over 19 million tonnes.

Insurance protects farmers when a bad event destroys a crop cycle.

The subsidy caps at 25,000 rupees per hectare for pond farms, up to 1 lakh rupees total.

Claims are paid within 30 days for shrimp farms and 45 days for other fish farms.

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The government started a program called the Prime Minister’s Fish Farmer Support Scheme to make insurance cheaper.

Farmers can receive up to forty percent of the insurance cost as a one‑time payment.

Women and farmers from scheduled castes or tribes can get an extra ten percent help.

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9 words

aquaculture

Farming fish, shrimp and other water animals in ponds or tanks.

insurance

A service that gives money back if a farm suffers a loss.

premium

The regular payment you make to keep the insurance active.

incentive

Extra money given to lower the cost of something.

crop cycle

The whole period from putting fish into a pond until they are harvested.

subsidy

Money the government adds to help pay for something.

claim

A request for the insurance money after a loss.

assessment

Checking how much damage happened before paying the claim.

transparent

Clear and easy to understand, so everyone knows what is happening.

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