Crop insurance amount shocker for Maharashtra farmers

Over 2,000 farmers in a teshil in Maharashtra have received crop insurance compensation ranging from Rs one to Rs five each, an official said.

While 773 farmers got Rs one each as compensation, 669 farmers received Rs two each from the insurance company.

Rs three each were deposited into the bank accounts of 50 farmers, while 702 farmers received Rs four each and 39 got Rs five each as compensation towards crop damage.

The development comes amid the claim by the BJP-ruled state government about submission of the highest number of applications for crop insurance from the district in which this tehsil is located.

The Beed District Central Cooperative Bank released a list of beneficiaries which lists names of farmers and the crop insurance compensation they have received.

The over 2000 farmers who have received the meagre crop insurance amount hail from Kej tehsil in Beed district. The amount has been deposited into their bank accounts, the official said.

In April, officials from the district were felicitated for enrolling 11,68,359 farmers under the Centre's crop insurance scheme. It was announced that this was the largest number of enrolments in the state.

In Kej teshil, 15,691 farmers paid Rs 51.42 lakh to buy the insurance.

The DCC bank is a district-level cooperative body mainly used for crop loan disbursal.

The Beed DCC branch at Nandurghat in Kej tehsil released the list earlier this week, the official said. Beed is around 400 km from Mumbai.

The crop insurance drive is carried out under the Pradhan Mantri Fasal Beema Yojana.

Reacting to the shocker for farmers, Yogesh Pande, spokesperson of Swabhimani Shetkari Sanghatna, said, "The insurance companies either pay meagre amount as compensation or delay the payment inordinately."

"In May, the government said that of the valid claims of Rs 2,200 crore for crop insurance, only Rs 165 crore, or seven per cent of that amount, were disbursed," he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)