Agroinsurance

NEWS

India - Farmers to receive Rs. 657 m as compensation for crop damage

20.12.2022 696 views

The Agricultural and Agrarian Insurance Board has taken steps to grant Rs. 657 million in compensation to farmers who suffered crop damage during the 2021-22 Maha season, using funds allocated by the Government.

The Agriculture Ministry noted that compensation will be granted to 31,613 farmers for 42,934 acres of land.

Taking into account the damage caused to crops due to drought, flood and wild elephants, during the 2021-22 season, steps have been taken to award compensation, Agriculture Ministry said.

Accordingly, farmers from the Anuradhapura district will receive the highest amount of compensation in terms of region.

The Ministry also noted Rs. 81 million had been allocated for Anuradhapura, Rs. 69 million to Manampitiya in Polonnaruwa and Rs. 68 million to Monaragala to compensate farmers who suffered crop damage during the 2021-22 Maha season.

Agriculture Minister Mahinda Amaraweera announced that the Government has decided to increase the insurance amount per acre for six types of crops to Rs. 100,000.

Source - https://www.ft.lk

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