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India, Maharashtra asks insurance companies to settle crop loss claims of farmers

India
Published Dec 5, 2021

Tridge summary

The area under Rabi sowing in state is 52 lakh hectares. The sowing of wheat, maize, bajra, jowar, sesame, mustard, oats continued till November end. The sugar cane planting commenced from December.

Original content

Maharashtra Government has asked crop insurance companies to pay out Rs.848 crore to farmers in the state who are eligible for crop insurance claims. Agriculture Minister Dadasaheb Bhuse gave the directive. "We have sent a stern statement to insurance companies. Farmers who qualify for crop insurance claims should be given priority access to funding. There is no need to postpone," Bhuse remarked. "For Kharif this year, the entire insurance claims accepted for crop loss amount to Rs.1842 crore. The firms have disbursed Rs.994 crore. The remaining Rs.848 crore is pending," added Bhuse. The minister directed the companies to pay the farmers within one week. This year, 84 lakh farmers enrolled in crop insurance during Kharif. The total premium due was Rs.2312 crore. According to the guidelines, insurance firms have agreed to reimburse claims worth Rs.1842 crore based on crop loss assessments. The crop damage owing to unseasonal rain during the present Rabi season, according to the ...
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