Centre agrees to release ₹1,900-crore crop insurance premium dues to A.P.
The Indian Central government has agreed to release ₹1,900 crore in pending crop insurance premiums to Andhra Pradesh. These funds will be distributed directly to farmers to address financial losses incurred between 2019 and 2024.
Why it matters
This move provides significant financial relief to the agricultural sector in Andhra Pradesh and highlights the ongoing coordination between state and central governments regarding farmer welfare.
The Central government has agreed to release crop insurance premiums of ₹1,900 crore that remained unpaid between 2019 and 2024 in instalments, and these funds would be credited directly into the farmers’ accounts, Andhra Pradesh Agriculture Minister K. Atchannaidu said in a release on Saturday.
Mr. Atchannaidu said the State got a positive response when he met Union Agriculture Minister Shivraj Singh Chouhan recently and explained the issues being faced by farmers and outlined the steps being taken by the State government to secure the release of pending insurance funds.
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