India - Andhra Pradesh government to pay for crop insurance

26.06.2020 366 views
Andhra Pradesh government has announced that YSR Crop insurance will be implemented collecting Re 1 from farmer for this year. The Andhra Pradesh Chief Minister YS Jagan Mohan Reddy cleared the insurance amount kept pending by the previous government. According to an official statement here on Friday, the state share of rs 122.61 crore for Rabi season 2018-19, kept pending by the previous government, was released along with the total claim, working out to Rs 596. 36 crore benefiting 5.94 lakh farmers. From this season onwards crop insurance will be paid by the government by collecting a nominal Re 1 from the farmer. During the video conference before interacting with farmers, the Chief Minister said that e-cropping will be in force at RBKs and the government will pay the premium immediately. The previous government did not pay the insurance premium for rabi 2018-19 and neglected the agriculture sector. Normally one month before the agriculture season, the premium amount is paid but for the rabi season 2018-19 the farmers and Centre have paid their share but the State has failed to pay the amount of Rs 122.61 crores, thus the farmers could not get their insurance premium, he said. To avoid such inconvenience the government has decided to pay the premium amount on behalf of the farmer and collect a nominal Rs 1 from them and once the e-cropping is done, the premium amount will be paid to the farmers. The State has been giving Rythu Bharosa amount, setting up of RBKs, e-cropping, crop insurance besides other facilities to the farmers like crop loans. Quality inputs, like seeds, fertilizers, pesticides are being distributed through RBKs besides providing MSP to farmers. The district collectors should be talking to bankers to ensure that the amount deposited is not adjusted to other loans taken by the farmers. Agriculture Minister K Kannababu said that the Government besides clearing the previous government dues has been helping farmers at every step from the start of the agriculture season till marketing the produce by giving MSP. Agriculture Minister K Kannababu, Agriculture Mission Vice Chairman MVS Nagai Reddy, Special Chief Secretary Poonam Malakondiah, Agriculture Department Commissioner Arun Kumar were among others present at the video conference. Source - https://telanganatoday.com
13.11.2025

Jamaica reports US$192 million crop losses after Hurricane Melissa

The latest assessment of the impact of Hurricane Melissa on Jamaica's agriculture sector places losses at just under J$29.5 billion (approximately US$191.8 million). Agriculture Minister Floyd Green said the country's most productive zones absorbed the greatest damage, with farmers and fishers losing crops, boats, and marine equipment.

13.11.2025

Philippines - Iloilo’s P185-M agri damage after ‘Tino’ prompts insurance payouts

The agricultural devastation caused by Typhoon “Tino” has climbed to over P185 million, affecting more than 9,500 farmers and fisherfolk across Iloilo Province — but recovery efforts are now in motion as crop insurance payouts and assistance are being mobilized through the state-owned Philippine Crop Insurance Corporation (PCIC).

13.11.2025

EBID signs EUR 123.5 million facility to advance agricultural education and rural electrification in the Republic of Guinea

The ECOWAS Bank for Investment and Development (EBID) and the Government of the Republic of Guinea have signed two loan agreements, totaling EUR 123.451 million, aimed at enhancing education and training on agribusiness and expanding access to clean, reliable energy across country. 

13.11.2025

Varaha Locks In A $30M Investment From Mirova For Its Regenerative Agriculture Project In India

Asset management company Mirova has made a $30 million investment into a regenerative agriculture project in India created by Asia’s leading carbon project developer Varaha. 

13.11.2025

EU moves to simplify common agricultural policy rules

The European Parliament and Council negotiators have reached a provisional agreement to simplify administrative and regulatory requirements under the EU's common agricultural policy (CAP). The reform aims to reduce paperwork for farmers and national authorities while maintaining environmental standards during the current CAP programming period.

13.11.2025

China's major smart agricultural drone maker unveils next-gen products

XAG Co Ltd, one of China's largest smart agricultural drone makers, has unveiled a new generation of agricultural robot products during an annual technology conference in Guangzhou, the capital of Guangdong province, aiming to drive a comprehensive upgrade of users’ production methods.

11.11.2025

Philippines - Typhoon Tino expected to result in crop insurance payout of P251M to affected farmers

The Philippine Crop Insurance Corp. (PCIC) set aside nearly P251 million to cover potential crop insurance payouts to farmers affected by Typhoon Tino (international name: Kalmaegi), according to the Department of Agriculture (DA).

11.11.2025

Bangladesh - Paddy disease sparks fear of crop loss at Nageshwari Upazila

Farmers in Nageshwari Upazila of the district are facing a new threat as bacterial leaf blight (BLB) disease spreads across paddy fields, raising fears of significant crop loss.