Farmer Claims Worth Over Rs 15,000 cr Paid for Kharif 2015

Crop InsuranceClaims worth over Rs 15,000 crore have been paid to farmers under various crop insurance schemes for the Kharif 2015 (June-October) season, Parliament was informed.

Claims totalling Rs 15,082.95 had been paid so far under crop insurance schemes for Kharif 2015, according to the data provided by the Minister of State for Agriculture Parshottam Rupala in a written reply in Rajya Sabha.

During Kharif, sowing starts in June while harvesting begins in October. The data further showed that during Rabi 2014-15 (October to March) claims worth Rs 2,962 crore were paid.

Crops are sown in October and harvested in March during the Rabi season. For Rabi 2015-16 season, so far claims worth Rs 643.96 crore have been paid.

In a separate query on Pradhan Mantri Fasal Bima Yojana (PMFBY), Rupala said 16 insurance firms including all concerned public sector insurance companies and 11 private sector general insurance companies have been empaneled for implementation of the scheme.

The public sector companies are Agriculture Insurance Company of India, Oriental Insurance Company, National Insurance Company, United India Insurance Company and the New India Assurance Company, he added.

While, from the private sector the firms include Tata-AIG General Insurance Company, Bajaj-Allianz General Insurance Company, Cholamandalam MS General Insurance Company, SBI General Insurance Company, Future Generalli General Insurance Company and HDFC-ERGO General Insurance Company, Rupala said.

Curated from Farmer claims worth over Rs 15,000 cr paid for Kharif 2015 

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