7. Functions of the Board

The functions of the Board shall be-

to establish and operate a comprehensive insurance scheme for the benefit of agriculturists, in respect of corps, including plantation crops, medicinal plants, fisheries, forestry and livestock, which will indemnify them against losses, and with a view to providing stability to agriculturists and to promoting agricultural production;

to establish and operate and insurance scheme for the benefit of agriculturalists in respect of agricultural equipment and implements and other movable and immovable property of agriculturists;

to establish and operate an insurance scheme for the benefit of agriculturists in respect of the storage and preservation of agricultural and horticultural produce and the products of medicinal plants and fisheries and forest produce;

to establish and operate medical benefits and social security schemes for the benefit of agriculturists.