Indian-Economy
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Q.

When was the National Agriculture Insurance Scheme (NAIS) introduced?

 A.

August 1998

 B.

October 1999

 C.

February 2001

 D.

April 2001

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Solution:
Option(B) is correct

The Government of India experimented with a comprehensive crop insurance scheme which failed. The Government then introduced in 1999-2000, a new scheme titled "National Agricultural Insurance Scheme" (NAIS) or "Rashtriya Krishi Bima Yojana" (RKBY).  

NAIS envisages coverage of all food crops (cereals and pulses), oilseeds, horticultural and commercial crops. It covers all farmers, both loanees and non-loanees, under the scheme.


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