Trichy: Farmers have asked insurance companies to disburse compensation for the loss incurred for the summer crop cultivated during 2021. Thousands of farmers have remitted premium under the Revamped Pradhan Mantri Fasal Bima Yojana (RPMFBY). The insurance companies should release the entire compensation worth about Rs 1,200 crore with interest for the delayed payment, they said.
Lakhs of farmers across the state cultivated summer paddy crop (Paddy III) during 2021 and samba paddy during the 2022 crop season. Unseasonal rains damaged thousands of acres of crops in both the seasons forcing farmers to incur heavy losses, said Swamimalai S Vimalnathan, district secretary of Thanjavur district Cauvery farmers’ protection association. As per norms, insurance companies completed crop cutting experiment (CCE) to assess yield loss due to rain at the end of February. Compensation should be given within a month after its completion. However, no farmer got compensation, he added.
“Despite repeated appeals and protest by farming community, the insurance companies are not properly adhering to norms and delaying disbursal of compensation,” he alleged. Joint director of agriculture A Justin said it is difficult to compile the yield data of the entire state within a stipulated period as the samba harvest which commenced during January continued till April. “Only after the completion of the harvest from all notified areas will the final report be submitted to the state department. It will then be forwarded to the insurance companies. So, it will take some time to disburse the compensation,” he added.