Weather-based crop insurance scheme to be introduced in Bengal

HDFC Ergo GIC will implement WBCIS for non-loanee farmers in Bankura, Burdwan, East Midnapur, West Midnapur, Hooghly, Howrah, Nadia and South 24 Paraganas districts

A pilot weather-based crop insurance scheme (WBCIS) for non-loanee farmers will be launched in West Bengal soon by a private general insurance company.

HDFC Ergo GIC Ltd has said it will implement a pilot WBCIS for non-loanee farmers in Bankura, Burdwan, East Midnapur, West Midnapur, Hooghly, Howrah, Nadia and South 24 Paraganas districts of West Bengal in the 2011 kharif crop season. Crop covered under the scheme is aman paddy. The scheme offers farmers insurance cover against losses due to aberrant weather conditions during the crop cycle.

Claim amount will be settled on the basis of data taken from reference weather stations mentioned in the scheme and managed by an independent third party organisation. The scheme is expected to help farmers, as sowing of paddy crops has just started.

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Lakshmi Vilas Bank introduces three new services

Lakshmi Vilas Bank has commenced three new services i.e. point of sales, depository participant services and application supported by blocked amount

Lakshmi Vilas Bank (LVB) has commenced three new services i.e. point of sales (PoS), depository participant (DP) services and application supported by blocked amount (ASBA).

Customer's can open the demat account without account opening charges & first year AMC free for all account's opened till 7 September 2011. They would be enjoying all the features offered under the depository services.

The introduction of ASBA facility will support DP operations and also strengthen the CASA portfolio. CASA account holders can avail this service to subscribe to public issues/rights issues through easy platform of balances available in CASA accounts with the Bank, to ensure that their funds yield interest until allotment of shares.

Under PoS, the Bank would be covering areas like PoS/CASA merchants, value added services like mobile recharge, institutional fee payment and support card issuance for additional onus revenue streams.

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DSP BlackRock MF offers online investment option via debit cards

Investors, who have all Visa verified debit cards of all banks, Citibank debit cards or State Bank of India ATM cum debit cards, can invest online

DSP BlackRock Mutual Fund has introduced new features on its website. The company offers its online investors the option of investing with their debit cards. Investors, who have all Visa verified debit cards of all banks, Citibank debit cards or State Bank of India ATM cum debit cards, can invest online. They have the option for starting an SIP via the Internet.

Similarly investors can also opt for registering their STP & SWP through the online platform. Investors do not need to fill a form for dividend transfer plan. They have the option of opting for the dividend transfer plan online.

An investor who has opted for the "dividend pay-out" option can now change that to "dividend re-invest option" online

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