Soybean Farmers in Maharashtra to Receive Rs 225 Crore in Insurance Claims Soon

Key Highlights

• Maharashtra government directs insurance companies to pay Rs 225 crore to 2 lakh soybean farmers.
• Central TAC orders settlement of pending claims within a week.
• Gujarat announces Rs 350 crore relief package for farmers affected by heavy rains.
• Compensation details include payments for unirrigated, irrigated, and horticultural crops.
• Financial aid aims to support farmers in recovering from recent crop losses.

Soybean farmers in Maharashtra have good news on the way as their long-pending crop insurance claims are set to be cleared soon. The central government has directed the concerned insurance company to pay Rs 225 crore worth of claims to around two lakh farmers in the Parbhani district within a week. This move follows Union Agriculture Minister Shivraj Singh Chauhan’s recent interaction with farmers in Nanded, during which the issue of soybean crop claims was highlighted.

Pending Claims to be Settled After TAC Meeting

A meeting held by the National Technical Advisory Committee (TAC) under the Department of Agriculture and Farmers Welfare has led to this decision. The committee rejected the insurance company's objections regarding crop-cutting experiments and issued formal orders for the pending claims to be cleared within seven days. This will bring much-needed financial relief to farmers who have been waiting for their insurance settlements for months.

Gujarat Farmers Also Receive Relief After Heavy Rains

In a separate development, the Gujarat government has announced a relief package worth Rs 350 crore to assist farmers affected by heavy rains. Crops across nine districts in the state, including Junagadh, Surat, and Rajkot, were damaged in July, affecting around 4.06 lakh hectares of land. The compensation will help farmers in these areas recover from their losses, with payments varying based on crop type and the extent of damage.

Compensation Details for Gujarat Farmers:

• Unirrigated Crops: Farmers with 33% or more loss will receive Rs 11,000 per hectare, including Rs 8,500 from SDRF and Rs 2,500 from the state budget.
• Irrigated Crops: For a loss of 33% or more, compensation totals Rs 22,000 per hectare, combining Rs 17,000 from SDRF and Rs 5,000 from the state.
• Horticultural Crops: In cases of 33% or more loss, compensation amounts to Rs 22,500 per hectare. Uprooted or destroyed trees may receive compensation up to Rs 1.25 lakh per hectare.

Both the Maharashtra and Gujarat relief measures aim to provide timely financial assistance to farmers, helping them recover from their crop losses and supporting the agricultural community.

Also Read: Important Steps to Take When Renting or Sharecropping Farmland for Government Scheme Benefits

CMV360 Says

The relief efforts in Maharashtra and Gujarat highlight the government's commitment to supporting farmers during challenging times. By clearing insurance claims and offering compensation packages, these measures provide crucial financial aid, helping farmers recover from crop losses and ensuring the agricultural sector remains resilient and productive.