HomeInsuranceCrop insurance coverage attracts extra farmers in areas exterior the delta

Crop insurance coverage attracts extra farmers in areas exterior the delta

About 6.65 million farmers registered on November 15, which is about 2.1 million greater than on the identical day final yr.

In areas exterior the Kaveri Delta, the variety of farmers taking part within the renewed Pradhan Mantri Fasal Bima Yojana program has elevated by greater than 45% this yr over the earlier yr. As of November 15, about 6.65 million farmers have joined the scheme, a rise of about 2.1 million from the corresponding day final yr.

About 35% of the farmers recruited this yr come from Tiruvannamalai, the place 2.33 million farmers have joined the scheme, up from 33,356 in 2020. Two different areas with excessive protection are Ramanathapuram, dwelling to 1.07 lakh farmers, and Villupuram, dwelling to 1.07 million farmers. has 63,125 farmers, which is about 72% greater than within the earlier yr.

Within the delta areas, Cuddalore accounts for over 40% of registered farmers. Greater than 3.73 million farmers have joined the scheme this yr, up 1.06 million from 2020. The whole variety of farmers coated by this system is roughly 9.07 million versus 7.86 million final yr.

Though Thiruvarur is in second place with 1.09 million farmers, this determine is decrease than within the earlier yr, when about 1.37 million farmers joined the scheme. Nevertheless, neighboring Nagapattinam, which is in third place, has seen important progress, with some 20,000 farmers undercover. To this point, 1.01 million farmers have joined the scheme.

Relating to the protection of the gross cultivated space, areas exterior the Kaveri delta accounted for 10.77 lakhs, and the delta areas accounted for 16.27 lakhs.

A senior agriculture ministry official attributed the rise in protection in Tiruvannamalai, Villupuram and Ranipet districts to elevated consciousness amongst farmers who misplaced their crops a yr in the past resulting from cyclones Nivar and Burevi and the unseasonal rains that adopted.

Madurai is likely one of the areas affected by the autumn. This yr, protection is simply 44% of what it was a yr in the past. It’s because “the crops are in good situation,” the official explains. Neighboring Virudhunagar can also be in decline, however protection is predicted to step by step enhance with an finish date of December fifteenth.

Though Tiruvarur and Mailaduturai reported a drop, about 96% of the planted space this yr has been insured, which is a “good achievement,” the official mentioned, pointing to the Union authorities’s directive to cowl 50% of the planted space. As of November 19, the insured space has elevated to 27.44 lakhs, and the variety of registered farmers has elevated to twenty.81 lakhs.

The official mentioned your entire state was break up into 14 clusters to permit smaller insurance coverage corporations to take part within the scheme. The ratio of danger distribution between authorities and corporations is 80:20. The federal government has allotted Rs 2,327 crore for this scheme.

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