Crop insurance compensation pegged at ₹38,900 an acre
Farmers in Thanjavur district can receive up to ₹38,900 per acre in compensation for samba/thaladi crop losses this season. To qualify, farmers must pay an insurance premium of ₹583.50 per acre by November 15.
Why it matters
This provides essential information for the agricultural community regarding financial risk management and government-backed crop insurance schemes.
Compensation for loss of samba/thaladi crops during the current season has been fixed at ₹38,900 an acre in Thanjavur district.
According to an official release, farmers who have availed the crop insurance cover for their samba/thaladi crops this season by remitting the requisite premium would get a compensation of a maximum of ₹38,900 an acre. The compensation amount would be calculated by the insurance provider based on the percentage of loss reported at the time of assessment of the damaged/withered crop.
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