Hyderabad: State government has initiated the process to implement insurance to all farmers from April.
Agriculture Minister Pocharam Srinivas Reddy held a meeting with officials of Life Insurance Corporation (LIC) at his official residence on Saturday on the modalities for extending the insurance cover to the farmers. The officials came from Mumbai specially to discuss the proposed insurance scheme.
The Minister said Chief Minister K Chandrashekhar Rao had announced Rs 5 lakh insurance cover to all the farmers in the State during Karimnagar meeting. He had announced that the scheme would start from April covering all the farmers in the State.
Reddy asked insurance officials to prepare guidelines for the implementation of the scheme. He said the government would pay entire insurance premium without burdening the farmers.
“Farming families will not face financial hardships in case of any unfortunate incidents,” he said.
Reddy further said while finalising the guidelines, opinions of officials and farming community would be considered. The Minister wanted the department officials to submit a report on insurance scheme, which would be submitted to the Chief Minister for final nod.
Speaking on the occasion, Agriculture Principal Secretary C Parthasarathi said the report would be prepared soon on insurance scheme and contact insurance agencies for better premium. Agriculture Commissioner Dr M Jaganmohan and LIC officers from Mumbai and Hyderabad participated in the meeting.