Uttarakhand Launches Insurance Scheme for Sericulturists
Uttarakhand has become the first state in India to launch an insurance scheme for sericulturists, announced state Agriculture Minister Ganesh Joshi on 10th March 2023. The scheme is expected to provide a safety net to sericulturists, who often face financial difficulties due to crop losses caused by natural calamities, pests, and diseases.
Under the scheme, sericulturists will be eligible for coverage for losses incurred in the cultivation of silkworms and production of silk. The insurance policy will provide coverage for the entire production cycle, from the hatching of silkworm eggs to the rearing of silkworms, cocoon production, and silk reeling.
The premium for the insurance policy will be subsidized by the government, with a 50% subsidy for small and marginal sericulturists, and a 25% subsidy for other sericulturists. The scheme will be implemented by the State Sericulture Department in collaboration with the Agriculture Insurance Company of India.
Why this News is Important:
The launch of the insurance scheme for sericulturists in Uttarakhand is an important development for the agricultural sector in the state. Sericulture is a major source of livelihood for many people in Uttarakhand, especially in rural areas. The insurance scheme will provide financial security to sericulturists in case of crop loss, which is a common occurrence in the sector due to natural calamities and other factors.
Historical Context:
Uttarakhand has a long history of sericulture, with the cultivation of silk being an important occupation for the people of the state. The government has been taking various steps to promote sericulture in the state, including providing subsidies for the purchase of silkworm eggs and mulberry leaves, and setting up training centers for sericulturists. However, sericulturists have been facing various challenges, such as crop loss due to natural calamities, pests, and diseases, and lack of access to credit and marketing facilities.
Key Takeaways from “Uttarakhand Launches Insurance Scheme for Sericulturists”:
| Serial No. | Key Takeaway |
|---|---|
| 1. | Uttarakhand has become the first state in India to launch an insurance scheme for sericulturists. |
| 2. | The insurance scheme will provide coverage for the entire production cycle, from the hatching of silkworm eggs to the rearing of silkworms, cocoon production, and silk reeling. |
| 3. | Sericulturists will be eligible for coverage for losses incurred in the cultivation of silkworms and production of silk. |
| 4. | The premium for the insurance policy will be subsidized by the government, with a 50% subsidy for small and marginal sericulturists, and a 25% subsidy for other sericulturists. |
| 5. | The scheme will provide financial security to sericulturists in case of crop loss, which is a common occurrence in the sector due to natural calamities and other factors. |
In conclusion, the launch of the insurance scheme for sericulturists in Uttarakhand is a positive step towards providing financial security to sericulturists in the state.
Important FAQs for Students from this News
Q: What is the insurance scheme for sericulturists?
A: The insurance scheme for sericulturists is a program started by the Uttarakhand government to provide financial assistance to sericulturists in case of losses due to natural calamities or other unforeseen events.
Q: When was the insurance scheme for sericulturists started in Uttarakhand?
A: The insurance scheme for sericulturists was started in Uttarakhand on March 10, 2023.
Q: Is Uttarakhand the first state to start such an insurance scheme?
A: Yes, Uttarakhand is the first state to start an insurance scheme for sericulturists in India.
Q: What is sericulture?
A: Sericulture is the cultivation of silk-producing insects, such as silkworms, for the production of silk.
Q: Who can benefit from the insurance scheme for sericulturists?
A: Sericulturists who are engaged in the production of silk in Uttarakhand can benefit from this insurance scheme.
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