Leaf News
India
Government Center to Provide Cover for Tobacco Crop
New Delhi — The Indian government has, for the first time, included tobacco on a list of crops eligible for specialized insurance.
This comes strangely follows graphic warnings being added to the packaging of all tobacco products as well as decreases in the consumption and promotion of tobacco.
The Agriculture Insurance Company has been working on a tobacco insurance product, and it appears that the premium subsidy will be approximately 50%; the insurance is designed to cover the costs of replanting in addition to any lost income.
India is one of the world’s biggest tobacco producers, providing nearly 700 mn kg of tobacco per year.
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