India - Insurance companies accelerate pay-outs on crop loss

14.01.2022 1245 views

Following repeated reminders from the office of the Agriculture Commissioner, insurance companies have settled the majority of crop loss claims in the state. To date, 44.26 lakh farmers in the state have received Rs 2,501.66 crore in way of compensation for crop loss earlier in the season.

Notwithstanding the timely onset of the monsoon, farmers in the state had to face heavy rain damaging their crop in some areas. Similarly, extremely heavy rain during the withdrawal phase of the monsoon had seen farmers reporting crop loss in many areas. Cultivators in Marathwada, Konkan, Vidarbha and North Maharashtra region suffered maximum damage. A total of 47.65 lakh farmers in the state had filed claims worth Rs 2, 512.81 crore.

While claims were submitted on time, insurance companies delayed settling the same. Farmer organisations like the Kisan Sabha had led numerous agitations for the early settling of the claims.

Agriculture Commissioner Dheeraj Kumar had issued repeated notices to the insurers, warning them of action in case the claims were not settled soon.

Insurance companies had blamed the delay in joint survey and non-payment of the state government’s share as reasons behind the late settlement of claims. Over the past few seasons, claims for crop loss have seen an increase given the frequent incidents of unseasonal rains. The insurers have claimed that the business was loss-making for them. However, there is rising demand for a relook into the whole scheme as the insurance companies had made record profit in good seasons.

According to the latest figures of the 37.35 lakh farmers, who had filed claims of crop loss, 33.99 lakh have received their payment. Of the total Rs 2,278.52 crore claim amount, Rs 2082.40 crore has been paid to the farmers. Officials of the Agriculture Commissionerate said that three companies now have major pending claims and they are expected to be cleared in the next few days.

Nearly 11.30 lakh farmers had filed claims for mid-season adversity (unseasonal rains in the middle of the season mostly in September-October). The total claims filed were around Rs 430.41 crore. In this category, 10.27 lakh farmers have received Rs 419.26 crore by way of compensation.

Source - https://indianexpress.com

23.08.2026

USA - Pennsylvania Opens $10M Aid Program for Freeze-Hit Growers

Pennsylvania will open a $10 million disaster-relief program Aug. 24 for fruit growers facing an estimated $150 million to $200 million in losses from a spring freeze, Gov. Josh Shapiro reported Thursday during a visit to an Adams County orchard.

23.08.2026

A year of change in Polish agriculture

Minister Krajewski highlights support for farmers and stronger agricultural resilience.

23.08.2026

Nepal - Hunting permits issued to protect crops from wildlife in Arghakhanchi

Amid growing damage to crops and increasing human-wildlife conflict, a system allowing the legal hunting of certain wild animals has been introduced in Arghakhanchi.

23.08.2026

Spain - Barrachina highlights 35.3 million in agricultural insurance for 21,000 professionals in the field

The Generalitat allocates 35.3 million to agricultural insurance in the Valencian Community to support 21,000 farmers and ranchers against increasing risks.

23.08.2026

India - Sodiem locals seek FIR against WRD over paddy crop damage

The Siolim-Sodiem gram sabha on Sunday resolved to initiate criminal action against the Water Resources Department (WRD) over damage to ready-to-harvest paddy crops allegedly caused by leakage and seepage from the Tillari canal.

23.08.2026

India - Bhilwara farmers face crop loss as yellow mosaic virus hits pulses

Farmers in Bhilwara district are in distress due to an outbreak of yellow mosaic, commonly known as yellow disease, affecting their pulse crops. 

20.08.2026

Philippines - Farm damage from ‘habagat’ and serial storms hits ₱1.7B

The agricultural damage caused by the recent typhoons has soared to more than P1.7 billion, affecting over 50,000 farmers and fisherfolk, according to the Department of Agriculture (DA).

20.08.2026

India - Tech Guard For Farms: MIT Muzaffarpur Students Develop AI Device To Protect Crops From Nilgai

For years, farmers in Bihar have relied on scarecrows, fencing and constant vigilance to protect their crops from nilgai, wild animals and birds. But these measures often lose their effectiveness as animals gradually learn to ignore them.