The name of the insurance company was not disclosed in the statement. | Representative photo: PTI
The central government on Saturday directed an insurance company to pay pending claims of up to Rs 225 crore to around 200,000 farmers in Maharashtra’s Parbhani district within a week.
The order follows Union Agriculture Minister Shivraj Singh Chouhan’s interaction with farmers in Nanded on August 21, where issues of pending soybean crop insurance claims were raised.
On August 22, the Department of Agriculture and Farmers Welfare held a meeting of the National Technical Advisory Committee (TAC). The committee rejected the insurance company’s objections to the crop cutting experiments and ordered settlement of pending claims, according to an official statement.
The name of the insurance company was not revealed in the statement.
The central TAC issued a formal order to the insurance company on Saturday to pay the dues within seven days.
This decision will benefit about 2 lakh farmers in Parbhani district, with payments ranging between Rs 200 and 225 crore.
Chouhan had directed the farm officials to resolve the issue immediately after farmers in Parbhani district brought the problem to his attention during his visit to Nanded.
The swift action is expected to provide financial relief to affected farmers in the Marathwada region, known for its important soybean cultivation.
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First published: August 24, 2024 | 18:25 IS
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