Punjab crop insurance Scheme 2019
Government of the Punjab has launched crop insurance scheme (Takaful) to protect the income of farmers against critical situation. 1st phase will launch from Kharif 2018 in Sheikupura, Sahiwal, Loadhran and Rahim Yar Khan. According to this scheme, 100% subsidy on Insurance Premium for land owners of up to 5 acres whereas 50% subsidy on Insurance Premium for land owners from 5 Acre to 25 Acres will be bear by the Punjab government.
This scheme will be appropriate during its first phase on cotton & Rice fields. In the 2nd phase Insurance (Takaful) will be appropriate on more crops including Sugarcane, Maize, Wheat, Orchards and Vegetables. compensation will be complete in case of natural mishap or short yield.
Punjab Government has also introduced online system. Agricultural production and farm incomes in Pakistan are commonly affected by natural disasters such as droughts, floods, cyclones, storms, landslides and earthquakes. This scheme will give safety reasonably to farming society.
To get further information about Crop Insurance (Takaful) scheme, farmers may contact with Agriculture Helpline number 0800-15000 & 0800-29000.