Chief Minister Fasal Bima Yojana will cover 4.42 lakh marginal and small farmers engaged in cultivating paddy on land area between 1 acre & 1 hectare in Tripura
Agartala: In a bid to protect farmers from facing losses in crop production from flood or any natural calamities, Tripura government has announced ‘Chief Minister Fasal Bima Yojana’ (CMFBY), said cabinet spokesperson and law minister Ratan Lal Nath.
Speaking at a press conference, Nath said that the CMFBY will cover 4.42 lakh marginal and small farmers engaged in cultivating paddy on land area between 1 acre and 1 hectare.
“There are around 5.25 lakh farmers in Tripura and among them, 4.42 lakh are small and marginal farmers. All those farmers would be covered under the (CMFBY) with a minimum premium deposit from them and rest from the state government,” Nath said.
He also said that the state has a bitter experience of Pradhan Mantri Fasal Bima Yojana (PMFBY) in the past, while 21,500 hectares of land were declared as high risk zones as natural calamities affect those lands throughout the state. The state government gave a premium and around 3,500 benefited from it.
“The state cabinet in the meeting on Tuesday decided to implement (CMFBY) for all these 4.42 thousand marginal and small farmers. The farmers were divided into two slabs—3.09 lakh farmers having less than 2.5 (kani) of land area and 1.3 lakh farmers having above 2.5 (kani) to 1 acre of land,” Nath added.
Speaking further, he said that farmers having 1 kani of land would have to pay Rs 10 and the government would pay premium amount of Rs 210.93, while for those having 6.25 kani of land would have to pay Rs 100 and the government would pay Rs 120.93 for their premium.
“The government would bear an expenditure of Rs 1,477 crore while Rs 15.14 crore would be paid along with subsidy,” Nath added.
Two insurance companies -- HDFC Agro Private Limited for ‘Amon’ Ayush paddy and AICIL for ‘Boro’ paddy -- would be engaged for the insurance of the farmers crops. The Centre had empanelled 18 insurance companies for PMFBY.
He also said that the state government had spent Rs 179.50 crore for providing three installments of Pradhan Mantri Kisan Samman Nidhi Yojana (PMKSNY) to 2,03,591 farmers in Tripura till April.