With farmers facing heavy losses on account of crop damaged by freak weather conditions, the Haryana government on Friday announced bringing all growers under insurance scheme by setting up an insurance corporation.

This is aimed at ensuring proper compensation for their crop loss due to adverse weather conditions.

“We have plans to set up an Insurance Corporation on Public Private Partnership mode so as to bring all farmers under this fold whereby affected growers could get compensation for their crop loss,” Haryana Agriculture Minister O. P. Dhankar said here on Friday while addressing ‘Meet-the-Press’ programme.

Mr. Dhankar said that the State government was in the process of identifying suitable insurance companies for entering into a tie-up to undertake crop insurance activity in the State.

“We are studying various crop insurance polices in order to provide maximum relief to farmers for the loss suffered due to inclement weather conditions,” he said.

To a query, Mr. Dhankar said that farmers, who had taken insurance cover against existing weather-based crop insurance schemes operated by other companies were not getting adequate compensation for crop loss. He further said that farmers were also not “much impressed” with insurance coverage provided by such companies.

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