Govt may provide market-linked insurance for plantation crops

[Tea Plantation Workers - Related News]

Government is likely to initiate a market-linked insurance scheme for plantation crops such as tea, coffee, tobacco and rubber to help growers tide over the impact of price and yield fluctuations. The revenue insurance scheme for plantation crops, an official said, will be launched once the operational parameters are finalised by the government. It would be implemented on a pilot basis in 7 districts and will provide insurance cover against fluctuation in prices and yield, the official added. The scheme will be funded from the price stabilisation fund for plantation crops.