In 2015-16, the Modified National Agriculture Insurance Scheme is functioning as a component of National Crop Insurance Programme (NCIP). This scheme covers three kinds of crops: (i) Food crops which include cereals, millets & pulses (ii) Oilseeds (iii) Annual Commercial/Horticultural crops and provides indemnity to the farmers in the event of failure of crops and subsequent low crop yield. This scheme is available to all kinds of farmers, big or small; loanee or non-loanee; Landholders, sharecroppers or tenant farmers. However, loanee farmers i.e. those who have taken farm-loans from financial institutions are covered compulsorily. Broadly, the scheme covers three stages of crop production. First stage is of planting or sowing, if the crop was prevented from planting/sowing due to deficit rainfalls and adverse seasonal conditions. Second stage is to cover standing crops which got damaged due to unpreventable risks such as drought, flood, Inundation, Pests, Landslides, Natural Fire, Storms, Cyclones etc. Third stage is the time period of two weeks after harvesting when the crops are allowed to dry in field and something wrong happens which destroys the crop such as cyclonic rains/hailstorms etc.