India - Rs 26 crore agri insurance 'scam' being probed

16.01.2012 44 views
India - Rs 26 crore agri insurance 'scam' being probed

A scam of over Rs 26 crore has come to the fore under National Agriculture Insurance Scheme in Aurangabad district, as farmers have not yet been paid crop insurance money sent to different banks in December 2010 and April 2011. Insurance companies have paid the insurance amount but due to bank officials' negligence, the same was yet to be distributed among the farmers. Investigations are being carried out in all these cases.

A scam of over Rs 26 crore has come to the fore under National Agriculture Insurance Scheme in Aurangabad district, as farmers have not yet been paid crop insurance money sent to different banks in December 2010 and April 2011.

These banks include SBI, PNB, Allahabad Bank, Canara Bank, Central Bank of India, Bank of Baroda, United Bank of India, Bank of India, Indian Bank and Madhya Bihar Gramin Bank. The total amount to be distributed by these banks to farmers was over Rs 26.46 crore.

While PNB was given Rs 2.13 crore in December 2010 for compensating the loss incurred by farmers on kharif crops, not a paisa has been disbursed by the bank yet. Similarly, Allahabad Bank was given Rs 10.97 lakh for compensating the farmers for the loss of kharif crops in 2009, Rs 6.67 lakh for rabi crops in 2009 and Rs 35.22 lakh for kharif crops in 2010.

Madhya Bihar Gramin Bank was provided Rs 1.82 crore for rabi crops in 2009-10, Rs 82.08 lakh and Rs 61.04 lakh for kharif crops in 2009 and 2010 respectively. Besides, other banks like United Bank of India, Bank of India, Indian Bank, Central Bank of India, Canara Bank and Bank of Baroda were given funds, but they are yet to disburse the amount.

Incidentally, some banks have even claimed that they have not yet received funds for disbursal. SBI, which was given Rs 4.85 crore for rabi crops in 2009-10 and Rs 11.63 lakh and Rs 61.04 lakh for kharif crops in 2009 and 2010 respectively, has claimed that it is yet to receive the amount for the year 2010. PNB has taken a similar stand.

Cooperative minister Ramadhar Singh has ordered an inquiry into the matter, which is being done by joint registrar, cooperative department, Ashok Kumar Jha. The minister blamed the UPA government at the Centre for the mess, saying "this is a conspiracy by the Congress to defame the state's NDA government".

Singh said, "We have all the documents which show that insurance companies have paid the insurance amount but due to bank officials' negligence, the same was yet to be distributed among the farmers. Investigations are being carried out in all these cases. FIRs would be lodged against the bank officials found guilty." Similar complaints have been received from other districts also, he added.

Source - The Times of India

28.03.2024

Canada - How Sask.'s new budget does and doesn't address climate change

The world is facing record heat from human-caused climate change brought on by carbon dioxide and methane emissions, but the words "climate change" don't appear once in Saskatchewan's newly released 75-page 2024-25 budget.

28.03.2024

Kenya - How crop insurance is transforming agriculture

Kenyan farmers continue to face challenges due to unpredictable weather conditions. As a result, they are turning to insurance coverage for their crops and livestock. Insurance experts have reported that most farmers who are insuring their crops are smallholders who rely on rain-fed agriculture and use low-technology farming methods.

28.03.2024

USA - How spring temperature fluctuations, early blooms are impacting Centre County fruit farmers

Plenty of people in Centre County got outside to enjoy temperatures in the 60s and 70s earlier this month, but spring weather fluctuations continue to cause concern for local fruit farmers.

28.03.2024

USA - Farmers use helicopters to warm crops amid spring freezes

An early spring this year means more work for farmers as early blooms face freezing temperatures. Les Dozier's Sta-N-Step Farms has served Northwest Arkansas since 1989. His farm is one of many facing freezing temperatures that could ruin crops.

28.03.2024

Ireland - Potato will be scarce by June, farmers praying for rain to stop

Farmers have to "watch, hope and pray" for a "sweet spot" of dry weather in the coming weeks or many will have to debate whether to plant at all this year. As continuous rainfall adds to already saturated ground, many big and small potato farmers are warning that the Irish favourite variety of Rooster may be in scarce supply by June.

28.03.2024

USA - Several metro Atlanta counties declared natural disaster zones after severe drought

More than 30 Georgia counties — including 10 in metro Atlanta — have been designated “primary natural disaster areas” by the United States Department of Agriculture, the agency announced Thursday.

27.03.2024

Turkey - Climate change may affect grape cultivation

A recent study has highlighted the impact of the climate crisis on viticulture in Turkey, predicting that the expected rise in temperatures and reduced rainfall could shift the suitability of vineyard regions for grape production over the next three decades.

27.03.2024

Crop crisis reveals El Niño’s toll on Southern Africa

New findings from the El Niño-Southern Oscillation (Enso) reference group highlight the significant impact of the 2023/24 El Niño event on various aspects of climate and agriculture in Southern Africa.

istanbul escort şişli escort tbilisi escort şişli escort şişli escort maslak escort istanbul escort beşiktaş escort taksim escort izmir escort ümraniye escort mecidiyeköy escort şişli escort taksim escort ümraniye escort kartal escort şirinevler escort maltepe escort istanbul escort ümraniye escort kadıköy escort vip escort mersin escort istanbul escorts ataköy escort avcılar escort beylikdüzü escort okmeydanı escort şişli escort tuzla escort işitme cihazı sex shop sex shop sex shop sex shop sex shop sex shop sex shop sex shop