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The Rainfall Insurance Scheme-Coffee (RISC) is being fine-tuned to address few grievances of growers and the Coffee Board is co-ordinating it.
“To address the issue, Coffee Board and Agriculture Insurance Corporation (AIC) are visiting growing areas in the country and so far held few interactions with coffee growers to hear their grievances,” Mr Jawaid Akhtar, Chairman, Coffee Board, told Business Line.
The RISC is a scheme which compensates the insured growers, against the likelihood of diminished output/yield resulting from shortfall/excess rainfall for different coverage options such as blossom showers, backing showers and monsoon and post-monsoon rains.
Mr Akhtar said: “The implementation of the RISC scheme has shown that it is an effective risk management tool to the coffee growers against the vagaries of weather pattern especially the nature of rainfall distribution over last few years as payouts about Rs 16 crore are high compared to the premium collections of Rs 9 crore.”
“Ever since the scheme became operational, coffee growers have raised few issues such as higher and unaffordable premium rates and inadequate subzoning leading to faulty monitoring of rainfall,” he added.
To address the issues, Coffee Board is helping the AIC to fine tune the scheme and is also planning to help update and digitise the previous rainfall data for accurate forecast and payouts.
The scheme, since its inception in the year 2007-08, has garnered a total of 52,291 growers (88,378 hectares covered), total premium collected Rs 8.65 crore, Coffee Board's subsidy component is Rs 4.32 crore, and 17,828 growers have got payouts and the over all total payout amount stood at Rs 15.68 crore.
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