VN pilots agricultural insurance in 21 localities
17:12 | 04/03/2011

VGP – Twenty-one provinces and cities will carry out pilot program on agricultural insurance for the first time in the 2011-2013 period, with a view to backing farmers to surmount bad consequences of natural disasters and epidemics.

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Under the PM’s newly approved Decision No. 315/QĐ-TTg, the State will provide 100% and 80% insurance costs for poor and close-to-poor agricultural households or individuals engaging in the program.

Additionally, the rate of insurance costs will be 60% for other farming individuals or households and 20% for agricultural organizations.

Localities are allowed to carry out the pilot program in a certain or all districts and communes, says the Decision.

Agricultural organizations, households and individuals have to meet four conditions of insurance subjects, insurance rights, participation into agricultural insurance and payment of insurance fees, and real production. 

The list of natural risks subjected to insurance covers floods, damaging cold, frost, and epidemics like blue-ear pig disease as well as foot and mouth disease.

Pilot insurance subjects in 21 provinces and cities

a) Paddy rice in Nam Định, Thái Bình, Nghệ An, Hà Tĩnh, Bình Thuận, An Giang, and Đồng Tháp;

b) Livestock and poultry in Bắc Ninh, Nghệ An, Đồng Nai, Vĩnh Phúc, Hải Phòng, Thanh Hóa, Bình Định, Bình Dương and Hà Nội;

c) Aquaculture (tra fish, basa fish, shrimp, white leg shrimp - Litopenaeus Vannamei) in Bến Tre, Sóc Trăng, Trà Vinh, Bạc Liêu, and Cà Mau.

 By Hương Giang

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