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The Hindu

National

The Hindu Bureau

₹475 cr. crop insurance amount distributed to 7 lakh farmers in State: Minister

Insurance N Cheluvarayaswamy

Minister for Agriculture N. Cheluvarayaswamy on Friday said around seven lakh farmers in the State have received ₹475 crore crop insurance amount for having lost their crops.

Speaking after inaugurating the Krishi Mela and a farm expo at Sri Kshetra Adichunchanagiri in Nagamangala in Mandya district, the Minister, who launched other initiatives as part of the event at the BGS Sabha Bhavan in Sri Adichunchanagiri Math, said only two percent of farmers – about 20 lakh farmers - have insured their crops, availing crop insurance.

In view of acute drought last year, ₹1,000 crore crop insurance amount will be disbursed to aggrieved farmers in the coming days, he disclosed.

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