Crop Insurance : An important information regarding Kharif Crop Insurance 2022 has been revealed. According to the provisions under the Crop-Insurance Scheme, in case of loss of more than 50 percent of the farmers in agriculture, 25 percent advance amount from the funds distributed under the Crop-Insurance Scheme should be given to those farmers through Crop-Insurance Companies. According to this provision, notifications of Nanded and Akola district have been issued.
Rs. 86 Crores Fund disbursed for Latur District by PMFBY
Crop insurance has been approved for soybean, kharif sorghum, tur and cotton crops in Nanded district. Now Latur district has also been made eligible for crop insurance. In Latur district, more damage was caused by snails than by heavy rains. Hence funds of over Rs 86 crore have been disbursed for Latur district for heavy rains and snail damage in Maharashtra.
Instructions for Distribution of Crop Insurance Funds
Soybean has suffered a lot. For the same loss, according to the survey, the loss of farmers is more than 50 percent. For this a notification has been issued in the meeting held as per the report and survey of the Joint Committee of Latur district. Notification and instructions have been given through the Collectors to distribute crop-insurance to the eligible farmers who have suffered losses due to heavy rains and snails.
Know more about PMFBY visit – Pradhan Mantri Fasal Bima Yojana