Which crop insurance scheme uses weather parameters (like rainfall, temperature, humidity) as a proxy for crop yield losses?

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APradhan Mantri Fasal Bima Yojana (PMFBY)

BNational Agricultural Insurance Scheme (NAIS)

CRestructured Weather Based Crop Insurance Scheme (RWBCIS)

DMulti-peril Crop Insurance Programme (MPCIP)

Answer:

The Restructured Weather Based Crop Insurance Scheme (RWBCIS) is an index-based scheme where claims are triggered by adverse deviations in weather parameters from the normal, acting as a proxy for crop loss.

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