The National Cooperative Development Corporation (NCDC) was set-up in March 1963, under an Act of Parliament for promoting, guiding and supporting rural economic activities on cooperative principles on a nation wide basis. Financial assistance is provided to the cooperative societies through or on the guarantee of the state governments.

Only in case of regional or national level societies coming under the purview of the Multi-State Cooperative Societies Act, NCDC provides funds directly to the federation. The corporation ensures that the projects are formulated in accordance cooperative principles. For the purpose of pattern of financial assistance from the Corporation, the States/U.Ts. have been divided into three categories viz. Normal- Andhra Pradesh, Madhya Pradesh, Maharashtra, Karnataka, Haryana, Punjab, Gujarat, Goa, Tamil Nadu, Kerala, Uttar Pradesh and U.Ts. Of Daman & Diu, Dadra & Nagar Haveli, Delhi, Chandigarh and Pondicherry, cooperatively under-developed-Bihar, Himachal Pradesh, Jammu & Kashmir, Orissa, Rajasthan, West Bengal, & U.Ts. of Andaman & Nicobar Islands and Lakshadweep. And cooperatively least developed- Assam, Maghalaya, Manipur, Tripura, Nagaland, Mizoram, Arunachal Pradesh and Sikkim; the pattern of assistance to the later categories being progressively more liberal.

The least developed states receive upto 95 per cent of the project cost as assistance to the later categories being progressively more liberals. The least developed states received upto 95 per cent of the project cost as assistance from the corporation. To ensure effective utilisation of funds by the cooperatives and to strengthen the operational efficiency of cooperatives, cooperatives training of various types has been included as an integral component of each scheme and appropriate financial assistance has been provided therein.

The National Bank, set up under an Act of Parliament, has a specific mandate for providing credit for the promotion of Agriculture, Small Scale Industries, Cottage and Village Industries, Handicrafts and other Rural Crafts. National Bank for Agriculture and Rural Development (NABARD) is an apex institution for all matters relating to policy, planning and operation in the field of agricultural credit.

Insurance is an assurance of security at easily affordable premium.

Indemnity is provided against Mechanical/Electrical Breakdown, Fire and or lightning, Theft/burglary.
Premium Rate: 1% and 0.5% extra for Floor risk
Sum Insured: Market Value at the time of proposal.
Discounts available for Long Term Insurance policies.

1. Insured:- Trees/plants/shoot/vegetative part only for crop duration or 12 months whichever is shorter.
2. Insure - Farm owners/lessees cultivating the plantations/horticulture/floriculture.
3. Insured against: - Coverage and indemnity to insured to the extent of loss or damage to the crop by operation of any one of the following perils –

• Fire including forest fire and bush fire.
• Lightning
• Riot, strike, acts of terrorism
• Storm, hailstorm, cyclone, hurricane, flood and inundation.

1. Paid: - The input costs or recurring expenses incurred for raising the crop (establishment and maintenance) upto the date of the loss. Limits of indemnity on input cost basis are fixed at each stage of the crop. Claims are subject to Franchise and Excess deductibles.
2. Policy will not pay: - The policy excludes to pay for loss or damage to crop arising due to theft, malicious damage, negligence, natural mortality, war perils, nuclear perils, insects, pests and diseases, drought, earthquake, climatic variations, water logging, inconsequential losses, damage to structures capital items, irrigation systems, agricultural implements, harvested produce.

1. Insured: - Layer birds and hatchery birds in a poultry farm in the age group of 1-day-old to 72 weeks and broilers in the age group of 1 day to 8 weeks.
2. Insured: - Poultry farmers/financing bank can insure the birds. All the birds in the farm should be insured without selection.
3. Insured against: - Policy provides indemnity against death of birds due to accidents including fire, lightning, flood, cyclone, strike, riot, civil commotion, terrorism, earthquake and disease contracted or occurred during the policy period (a fewer specified diseases are however excluded and can be covered subject to vaccination.
4. Policy will pay: - 80% of the value of the bird at the time of loss as per stage wise valuation table attached to the policy subject to deduction of specified policy excess.
5. Policy will not pay: - The policy will not pay for the losses caused by the following:

• Malicious/willful misconduct/negligence.
• Transit by any mode of transfer.
• Improper management.
• Theft and clandestine sale of birds.
• Intentional slaughter of birds.
• Consequential loss
• War and nuclear perils.
• Mareks, Ranikhet, Foul Pox and infectious bronchitis unless birds are successfully protected against them.
• Loss of production mall nutrition, under growth, cannibalism, and loss due to huddling and piling of birds.

6. Other birds is insured: - Ducks and Quails are also insured under the policy.

1. Insured: - All varieties of fish in inland fresh water (including fish fry and fingerlings)
2. Insure: - Owners of fishponds, financiers of fishponds, institutions, research stations etc.
3. Insured against: - Total loss due to: - a) any accident or disease/epidemics. b) Pollution, c) poisoning d) malicious Act by third parties, e) riot & strike f) earthquake, g) impact h) dropping of aerial object. Loss due to flood and cyclone perils can be covered on payment of additional premium.
4. Policy will pay: - Total loss of 80% of the value of the fish depending on stage of the fish at the time of loss. If the salvage is less than 20% of the total fish, the loss will be treated as total loss.
5. Policy will not pay

• Malicious/willful act/injury, poisoning, negligence, error or omission by insured his family members or employees.
• Improper management or rough handling of fry/fingerlings
• Partial loss of any kind.
• Temperature fluctuations, underground worm infestation and fish leaches.
• Infidelity of any person, natural mortality, burglary, poaching and theft, clandestine sale or missing of fish.
• Loss sustained whilst cleaning of ponds, changing water, transit by any means permanent and partial disablement.
• Consequential loss of whatsoever nature.
• Predators, competitors, weed fisher and premium is paid.
• Loss due to sampling of fish
• War group of perils, nuclear perils.

(The details furnished above do not constitute the entire terms, conditions, exceptions of the policy; for fuller particulars please contact nearest office)

General Farmers