Business

Govt to introduce crop insurance on selective basis, Kamal tells in JS

SANGSAD BHABAN, Finance Minister AHM Mustafa Kamal

today said the government has a plan to introduce pilot crop insurance project on

selective basis in some vulnerable areas including the haor region of the country

to compensate the farmers for damaging crops caused by natural disasters.

We will take one or two crop insurance pilot project in some vulnerable areas

including the haor areas as a test case, said the minister while responding to a

supplementary query made by treasury bench lawmaker Direndra Devnath

Shambu in the House here.

The initiative of crop insurance has both merit and demerit and it would be

launched as a test case in the haor areas, said the minister, adding that If it is

proved successful than it would be taken throughout the country.

Referring to the highest rice production growth of the country, the finance

minister said We are witnessing highest rice production growth this year and if

we launch the crop insurance programme normally in the country than the

farmers will be reluctant in farming due to receiving the insurance money.

Source: Bangladesh Sangbad Sangstha (BSS)