Revenue Insurance Scheme for Plantation Crops (RISPC) Guidelines
The Revenue Insurance Scheme for Plantation Crops (RISPC) is a Department of Commerce scheme that protects tea, coffee, rubber, cardamom, and tobacco growers from the twin risks of weather and price resulting from yield loss due to adverse weather parameters, pest attacks, and other factors, as well as income loss due to falls in international/domestic prices, through crop insurance.
Coverage Of The Scheme
- Small growers of Rubber, Tea, Coffee (Robusta and Arabica), Tobacco, and Cardamom (small and large) with a landholding of 10 ha. or less are eligible for the RISPC insurance premium subsidy. Only mature standing crops will be eligible for the program.
- Growers registered with the respective Commodity Boards (CBs) in the pilot districts/member growers receiving benefits under other government schemes through CBS and/or growers receiving loans from public financial institutions/bodies including the CBS is required to participate in the Scheme. Other small farmers can opt-out of the scheme.
- The plan would be implemented on a trial basis in eight districts across seven states at first. Around 1.8 lakh small growers are estimated to be covered, with a total area coverage of around 2.10 lakh hectares.
- In the selected districts, the strategy will be based on the ‘Area Approach’ idea. In conjunction with the concerned State Government, the Commodity Board would nominate an Insurance Unit (IU), which can be a village/village panchayat or any other analogous unit.
Duration for RISPC
The trial project will run for one crop cycle starting in 2016-17 and could go up to two years.
To get the complete details about Revenue Insurance Scheme for Plantation Crops (RISPC) and its guidelines, download the PDF link below.