Agri Finance: Compensation for Crop Loss is increased by Kerala governmentHome

The Cabinet on has decided to increase the compensation given to farmers for crop loss due to natural calamities.

"The existing compensation terms were fixed as per the norms of the Union Government" Rural Development Minister K C Joseph said. The additional compensation amount will be given by the state government from the Agriculture Department’s funds.

The revised rates per tree/plant would be the following: Coconut Rs 700 (existing Rs 102.80), Plantain Rs 100 (5.40), Rubber Rs 300 (36), Cashew Rs 150 (102.8), Areca nut Rs 150 (13.50), Cocoa 100 (36), Coffee Rs 100 (18), Pepper Rs 75 (18), Nutmeg Rs 400 (120), Clove Rs 200 (90), Betel leaf Rs 300 (72) and Tobacco Rs 1,500 (272).

Source: http://www.newindianexpress.com/