Benefit
₹500
Deadline
Ongoing
Beneficiaries
12,000,000
Sector
All Crops, Weather Risk
Overview
WBCIS provides insurance based on weather parameters (rainfall, temperature, humidity) with parametric trigger-based claims settlement.
Launched on 18 Feb 2016
Benefits
Subsidy %
90%
Min amount
₹500
Payment mode
Bank Transfer
Weather-based coverage, Quick claim settlement, Low premium (2%), Automatic triggers
Scheme components:
- Weather Insurance
- Parametric Claims
- Automatic Settlement
Eligibility
- Categories
- All Farmers
- Beneficiary type
- Individual
- Age
- 18 – no upper limit years
- Land holding
- 0.01 – any acres
- Gender
- All
- States
- All India
How to apply
Application mode: Both
- Apply through banks or insurance companies before crop season.
Documents required
- Aadhaar
- Land Records
- Bank Account
- Crop Details
Official links & contacts
Impact & success
1.2 crore farmers covered, ₹12,000 crore claims settled