Crop Insurance Schemes
Pilot Scheme on Seed Crop Insurance (PSSCI) :
Salient Features
6. SALVAGE
All seed crops identified for coverage under the Scheme have salvage values. Salvage values will be calculated at a fixed percentage of Procurement Price (PP) as given below, which shall be deducted from the claim amount before payment. Alternatively the insurer shall pay the full amount of compensation (i.e. before deduction of salvage) and shall take over the possession of the salvage. The deduction of salvage will be applicable in case of losses in Germination test only.
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