Crop cover claims to cost Centre Rs 1.5k cr

Even as 285 of the total 623 districts across 11 states have been hit by the drought, state-owned Agriculture Insurance Corporation (AIC) has asked the Centre for Rs 1,500-crore funds to settle crop insurance claims. The company has, in fact, recently submitted an estimate of possible claims from the drought-hit farming community. In the estimate, we have calculated the possible claims for the ongoing Kharif season to be in the tune of Rs 1,500 crore. We are expecting a good number of farmers approaching us for claim settlements by the fiscal-end, as all of them who availed loans have to ...

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