- Implemented from Kharif season of 2016.
- Premium Rates: Only one premium rate for each season for food grains, oilseeds, pulses.
- Kharif - 2%, Rabi - 1.5%.
- Horticulture and cotton crops - up to 5%.
- Premium Burden: Farmers’ premium is fixed; Government (Centre and States equally) bears the rest.
- Insurance Cover: Full insurance cover, no capping of sum insured.
- Post-Harvest Losses: Covered for the first time (cyclones, unseasonal rains).
- Technology Use: Emphasis on mobile and satellite technology for assessment and quick settlement.
- Coverage: Food crops, oilseeds, commercial/horticultural crops.
- Risks Covered: Prevented Sowing/Planting, Standing Crop (yield losses), Post-Harvest Losses, Localized Calamities.
- Optional Scheme.