The Indian Wire » Agriculture » Amid Corona Blues; Crop Insurance Claims worth Rs. 2,424 crores disbursed to Farmers
Agriculture News

Amid Corona Blues; Crop Insurance Claims worth Rs. 2,424 crores disbursed to Farmers

The Government of India amid lockdown decided to ease restrictions for the agriculture sector and to abide by the same the government have disbursed insurance claim worth Rs 2,424 crores to farmers across 12states.

The Union Ministry stated that to facilitate farmers and farmer activities several measures have been taken.

The ministry said that ‘under the Pradhan Mantri Fasal Bima Yojana (PMFBY), insurance claims amounting to Rs 2,424 crore have been disbursed to the beneficiary farmers in 12 states in the country.’ The Kisan Credit Card (KCC) saturation drive has been initiated by the ministry in collaboration with the Department of Financial Services to cover all PM-KISAN beneficiaries.

It has been further added that out of the 83lakhs application received by government 18.26lakhs applications have been sanctioned for loans amounting to Rs. 17,800 crore.

Further, the due date for conversion of agri-gold loan and other Agri accounts into KCC Account was March 31as decided earlier but now it has been extended up to May 31.

Lockdown has been stressful for the farmers and farming activities have been hard hit by the same, hence to ensure they can earn their living the government has taken such measures. The loans shall allow them to continue with their farming activities without any difficulties caused due to the lockdown.

Reach out to The Indian Wire!

Want to work with us? Looking to share some feedback or suggestion? Have a business opportunity to discuss?

You can reach out to us at [email protected] and we will get back in minutes.

Like us on Facebook!