In its last notification, India classified the measure called Pradhan Mantri Fasal Bima Yojana (PMFBY) as Green Box under paragraph 8 of the annex 2 of the AoA. In its DS:2 notification (G/AG/N/IND/19) India explained that:
“Provisions are consistent with criteria in Annex 2, paragraph 8, as the government subsidies are on premium of agricultural insurance for production loss exceeding 30% of the average of yield of past years.”
- Could India indicate what is the period used to calculate average past yield under this program? More specifically, what is the methodology on the number of “past years” used to calculate the average reference period yield?
- Could India explain how it meets the base period requirement to calculate the average production level, as defined by Annex 2 paragraph 8 (a)?
A program described as Insurance premium subsidy is also reported for in supporting table DS:9 for Government subsidies on premiums of agricultural insurance for production loss not exceeding 30% of the average of production.
c. Could India indicate if the support reported is part of the same insurance program of the one reported under Annex 2 paragraph 8 (a)?
d. Please indicate how the two support programs are related and how they interact with each other.