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Insurance scheme optional for non-loanee farmers: FM

The national agricultural insurance scheme is mandatory for all farmers who avail of crop loan from nationalised banks but is optional for n...

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The national agricultural insurance scheme is mandatory for all farmers who avail of crop loan from nationalised banks but is optional for non-loanee farmers, Finance Minister P Chidambaram said in the Rajya Sabha on Tuesday.

Responding to supplementaries during question hour, he said the Agriculture Ministry was currently engaged in a thorough re-examination of the scheme, which was leading to losses, so that a better alternative could be worked out. —PTI

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