03 OBJECTS ARE SUPPORTED FOR AGRICULTURAL INSURANCE
This is the content of the Decree No. 58/2018/ND-CP dated April 18, 2018 of the Government on agricultural insurance, takes effect on June 05, 2018.
Specifically, there are 3 objects are supported for agricultural insurance, include:
- Crops: rice, rubber, pepper, cashew, coffee, fruit trees and vegetables;
- Livestock: buffaloes, cows, pigs and poultry;
- Aquatic animals: black tiger shrimps, white-leg shrimps and pangasius cat fish.
Individuals engaged in agricultural production who are from poor or near-poor households are entitled to support of up to 90% of agricultural insurance premiums; Individuals engaged in agricultural production who are not from poor or near-poor households are entitled to support of up to 20% of agricultural insurance premiums.
Besides, organization engaged in agricultural production in the form of cooperative, associated, concentrated or large-scale production with the application of advanced science and technology and production processes to production toward a clean, hi-tech and environment-friendly agriculture are entitled to support of up to 20% of agricultural insurance premiums.
Insured risks eligible for support including: Natural disaster risks; Animal epidemics and plant pests. of violations arising from traders’ local procurement of shrimps.
Besides, develop the insurance mechanism available at all stages in the chain of shrimp production, especially at shrimp breeding and commercial shrimp culture stages; provide small-scale shrimp farming households and cooperatives with support policies for purchase of insurance.
This Decision takes effect on the signing date.
