TN allocates Rs 2,339 cr as farm insurance subsidy


Chennai, Dec 2 (IANS): The Tamil Nadu agriculture department has allocated Rs 2,399 crore for crop insurance subsidy to the farmers in case of a natural disaster and has requested the farmers to enroll in the scheme before December 31.

The farmers will have the facilities to register in primary agricultural credit cooperative societies, common service centres, or nationalised banks. The farmers will have to remit 1.5 per cent of the subsidy amount to be claimed as a registration fee.

During the southwest monsoon there was extensive damage to crops across Tamil Nadu with Rabi crops being the most affected in the state. Chief Minister M.K. Stalin had then announced special subsidy schemes for the farmers and that money would be allocated to provide loan subsidies to the farmers.

The Kuruvai farmers had suffered huge losses in the recent rain and even the harvesting machines could not be used due to heavy inundation in the paddy fields. Most of the farmers had suffered losses and the announcement of the government allocating Rs 2,339 crore as crop insurance subsidies has come as a big relief.

Sukumaran, a farmer from Myladuthurai in Tamil Nadu while speaking to IANS said, "We suffered huge losses during the October rain and the announcement that the government has allocated Rs 2,339 crore for crop insurance subsidy is a relief. Will register before the deadline of December 31."

 

  

Top Stories


Leave a Comment

Title: TN allocates Rs 2,339 cr as farm insurance subsidy



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.