Regulatory Alerts2026-04-20 | ACFID Circular Letter No. 01 of 2026Added · Updated
Revised Crop Loan Insurance Scheme CLIS+
The scheme mandates all commercial, specialized, and microfinance banks to include insurance for crop production loans covering specific crops such as wheat, rice, and cotton. It establishes a premium subsidy for eligible borrowers with landholdings up to 25 acres nationwide or 32 acres in Baluchistan, with the government bearing costs up to 2% per crop per season. Claims are processed through an Insurance Consortium based on yield loss thresholds of 50% or more, utilizing technology partners for Type I perils and government declarations for Type II perils. The framework also defines specific timelines for premium reimbursement, claim settlement within 30 working days, and additional direct payments for income loss and personal accident coverage.