In Bhandara district, farmers have got meagre settlement from Agriculture Insurance Corporation of India for crop losses incurred last year. Farmers who own up to 5 acres got Rs. 441 from the insurer while the premium paid was Rs. 135 per acre. Similarly, farmers holding more than 5 acres received Rs. 1,100 while the premium was Rs.1,235.
The farmers, 1,564 small and general, and 120 big, had paid the premium through banks from where the crop loan was taken, particularly Bhandara District Central Cooperative Bank, in 2014-15. As per norms, the sum insured per acre for small farmer is 6,000 and sum insured per acre for big farmer is 14,960.
Palandur Revenue circle (taluka Lakhani) is the worst affected in the district where the average crop was below 60%. The insurance company settled claim of 1,800 farmers from the circle. They should have got claim of 5,200 per acre as per the minimum support price offered by the government. However, farmers got a very low settlement amount.
Source - http://www.indiainfoline.com/
