Agroinsurance

NEWS

India - Resolution on crop insurance scheme

27.03.2015 249 views

The state Assembly on Thursday adopted a resolution unanimously urging the Central government to amend crop insurance scheme by treating farmer as an unit instead of the present system of village as a unit.

The Central government has been implementing weather-based crop insurance scheme with village as a unit. Losses suffered by farmers has come down with village as unit, implementation of the scheme with farmer as a unit will benefit the farmers further.

Agriculture minister Pocharam Srinivas Reddy moved the resolution, which was approved by members of all the opposition parties unanimously. Deputy speaker Padma Devender Reddy announced that the resolution was adopted unanimously.

While introducing the resolution, Pocharam said that in the present method, insurance companies were not paying compensation to the farmer whose crop has been damaged because the companies were taking mandal or the village as a unit.

The insurance companies were paying compensation only if the damage is more than 50 percent in the mandal or village. The state government wants the Centre to amend the present scheme with farmer as an unit so that farmers whose crops gets damaged due to natural calamities will be eligible for insurance claim for the damaged crops, the minister explained.

Source - http://www.newindianexpress.com/

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