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Agri Insurance:Maharashtra to achieve financial assistance of Rs 4,330 crore

Under a severe grip of water scarcity in several parts of the state, Maharashtra government today said it will ask for financial assistance of Rs 4,330 crore from the Centre for drought relief. Eknath Khadse, Agriculture Minister said that Maharashtra government also added new 1,420 villages from Buldhana district to the list of parched hamlets.

"It was decided that the government would send a memorandum to the Centre seeking Rs 4,330 crore for giving financial assistance to the drought-hit villages for the kharif season of 2015," Khadse told.

Khadse said he had spoken to the Union Agriculture Minister Radha Mohan Singh for assistance to the state. The Centre has already given an assistance of Rs 920 crore to the state which faced one of the worst droughts of the last fifty years this monsoon even as the yield of crops in the drought-hit villages was less than 50 percent.

The farmers will get an assistance of Rs 6,800 up to two hectares for rain-fed crops where the crop loss has been more than 33 percent. They will be entitled to both the drought relief and the crop insurance benefits, Khadse said.

Source:http://economictimes.indiatimes.com/