Hyderabad: When it comes to Trimmer Insurance scheme, Telangana along with Gujarat and Jharkhand have the highest premium because it is under the Pradhan Mantri Fasal Bima Yojana (PMFBY) in this country.
The plant insurance scheme is implemented by the state government with joint fund support from the center, which clearly says it will not pay a total premium because some states fail in their commitment.
Data placed in Lok Sabha after the request showed that Gujarat had a total RS 870 Crore because of the premium for 2018- 19 and 2019-20 financial years, followed by Telangana at Rs 470 Crore and Jharkhand with RS 366 Crore with the same year.
, Agriculture Minister Narendra Singh Thomar said that North Main Implementation Scheme lies in America.
“The scheme introduced by the Government of Narendra Modi has released the burden of farmers.
But sharing the premium has become a cause of concern,” recognizing an official.
According to the scheme, farmers must donate their premiums depending on the type of plant.
This will be five percent per acre of financial scale decided by banks for commercial crops, and two percent for food crops.
The number of premiums for plants and other monetary guidelines is determined by private insurance players and the government depends on local conditions and the entire process is carried out with offers.
Banks in Telangana have directly reduced the number of premiums from loans taken by farmers (this to the state government stopped paying premiums).
Banks used to pay this premium to private and government insurance companies.
However, over the past two years, the center told the countries that it would contribute only 30 percent as part.
“This has triggered the financial burden and implementation of the scheme to be questioned in the state,” the top source said in the government.
“Most farmers also do not want premiums deducted from their loan amount,” added the source.
In addition to PMFBY, there are separate insurance schemes for plants including chili, cotton and tomatoes.
The National Plant Insurance Scheme is happening and government-owned agricultural insurance companies are implementing institutions.
However, in the scheme, farmers must pay 50 percent insurance premiums.
“Small and marginal farmers must have a guarantee for their plants.
In fact, the government can float their own insurance company,” Ravi Kanneganti, Country Coordinator, Rythu Swarajya Vedika, said.