India - Titli affected farmers yet to paid crop insurance

26.12.2018 643 views
Coconut farmers affected by Titli cyclone are yet to pay amount under crop insurance scheme by its companies so far. Coconut farmers in Uddanam area paid crop insurance premium for one tree as Rs 10 for three years term in 2016 and it is in force till March 2019. With the motivation of horticulture officials farmers paid the amount to national insurance company under national crop insurance scheme (NCIC) which is applicable for horticulture crops. The NCIC is applied for both natural calamities and pesticide attack on crops. There are two categories under the NCIC one is for payment of premium for trees aged from 4 to 15 years and other is for trees aged from 16 to 60 years. Due to titli cyclone coconut trees damaged in seven Udddanam mandalas and insurance amount need to pay for total loss of tree, damage of tree and loss of yield also. As per guidelines for each tree loss insurance company need to pay Rs 1750. After payment of premium in 2016 no bonds issued to farmers and accounts also not opened in the name of farmers in banks. Now the insurance company and horticulture officials are trying to shift burden on each other to avoid liability. ‘We have yet to receive any compensation amount from insurance companies so far for loss of our crop’ coconut farmers of Sompeta mandal, Ramachandra Panigrahi, Dunna Gurumurthyand others explained. ‘We have paid Rs 5.50 crore under crop insurance for loss but we have not received premium for coconut’ National insurance company officials, Sivaji and Malathi explained. Source - https://www.thehansindia.com
18.06.2026

Sri Lanka expands crop insurance to protect farmers from climate risks

Sri Lanka's Agricultural and Agrarian Insurance Board has expanded crop insurance programs to give farmers stronger protection against natural disasters and climate-related risks, the Ministry of Agriculture, Livestock, Land and Irrigation said in a statement on Thursday.

18.06.2026

India - Bengal to finally join Fasal Bima, Bihar may follow suit

Amid forecasts of a below-normal monsoon, West Bengal will rejoin the Pradhan Mantri Fasal Bima Yojana (PMFBY) this kharif season, followed by Bihar in the upcoming rabi season, significantly expanding India's agrarian safety net.

18.06.2026

Heavy rain causes NT$67 million in agricultural losses across Taiwan

Continuous heavy rainfall since June 8 has caused agricultural losses totaling NT$67.56 million (US$2.14 million), with peanuts accounting for the largest share of the damage, according to the Ministry of Agriculture.

18.06.2026

A modern quarantine zone for livestock will be built in Kyrgyzstan

On June 18, 2026, a meeting took place at the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic between First Deputy Minister Ilich Marsbek uulu and a delegation from the Saudi Development Fund. 

18.06.2026

Raccoons ravage watermelon fields in Japan's Chiba Pref. as damage mounts

A surge in raccoon numbers in Chiba Prefecture in eastern Japan has left watermelon farmers struggling as the nocturnal animals devour fruit just before harvest. 

18.06.2026

USA - Florida Tries to Block Rescue Pets from New Mexico and Texas as Screwworm Spreads

The Florida Department of Agriculture and Consumer Services Pets has barred pets rescued from shelters in Texas and New Mexico in a beefed-up effort to stop the spread of the New World Screwworm pest that infests livestock.

16.06.2026

India - Harish Rao accuses Congress govt of plotting to scrap crop bonus

BRS deputy floor leader T Harish Rao accused the Congress government of conspiring to phase out the crop bonus scheme by limiting it to just seven paddy varieties, despite promising Rs 500 bonus for all varieties in its manifesto.

16.06.2026

CBE and EIC Forge Historic Partnership to Advance Ethiopia’s Financial Sector

​The Commercial Bank of Ethiopia (CBE) and the Ethiopian Insurance Corporation (EIC) have signed a historic partnership agreement to elevate their long-standing cooperation.