Chennai, Dec 2 (IANS) The Tamil Nadu (NS: TNNP ) 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."
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.