Telangana releases Rs 1,450 crore towards Rythu Bima premium

Ministers handed over a cheque in this regard to LIC representatives

Hyderabad: The State government released Rs 1,450 crore towards payment of insurance policy premium for Rythu Bima scheme in the State for 2021-22. Agriculture Minister S Niranjan Reddy along with Ministers KT Rama Rao, P Sabitha Indra Reddy, A Indrakaran Reddy, P Ajay Kumar, G Jagadish Reddy and others, handed over a cheque in this regard to LIC representatives here on Tuesday.

Telangana is the only State in the world to provide insurance cover exclusively for farmers, said Niranjan Reddy adding that Chief Minister K Chandrashekhar Rao was implementing numerous schemes for rapid development of agriculture sector in the State. While agriculture was ignored in undivided Andhra Pradesh, the Chief Minister was giving the highest priority to the sector, he said.

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The governments in undivided AP gave only Rs 50,000 to farmers in case of their untimely death. The TRS government, however, launched Rythu Bima that provides insurance amount of Rs 5 lakh to the bereaved families of deceased farmers within 10 days of a farmer’s death.

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