India - Government to pay premium on crop insurance

16.09.2016 282 views
The government has decided to pay the premium amount on crop insurance in a single demand draft on behalf of ryots to help them and insurance companies. A group of ministers met on Thursday to review the scenario of agriculture insurance in Telangana. It was decided that the government consider a village as a unit and pay premium for crop insurance to the insurance company on behalf of ryots. Agriculture minister Pocharam Srinivas Reddy, irrigation minister T Harish Rao and health minister C Laxma Reddy attended the meet. They asked insurance companies to submit details of premium paid for 2014-15 and 2015-16 within two weeks. Ministers also instructed government officials to take steps to procure farm produce from farmers through primary agricultural cooperative societies by paying price profitable for ryots. Source - http://timesofindia.indiatimes.com
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