Groundnut is a crop where the premium rate is usually high. (Express Photo: Prashant Nadkar) Groundnut is a crop where the premium rate is usually high. The difference between actuarial premium rate and the rate of insurance premium payable by farmers, which is called the Rate of Normal Premium Subsidy, is shared equally between the Centre and the states. Non-loanee farmers under the crop insurance schemes are much fewer than loanee farmers. Don’t miss from Explained | In the works, an EU data strategy with echoes across the worldWhich are the other changes in crop insurance schemes?

Source: Indian Express February 20, 2020 23:59 UTC