write a letter to the editor of an English newspaper making a case for compulsory Crop Insurance for farmers
Answers
Answer:
While farmers will receive a 12% penal interest payment for delays in settling claims, state governments will be penalised if they delay in depositing their share of subsidiesNew Delhi: Faced with a sharp decline in the number of farmers signing up for its flagship crop insurance scheme, the centre on Tuesday imposed a 12% penalty on insurance companies for delayed settlement of claims.
Under the new guidelines that will take effect from the winter or Rabi crop season beginning October, state governments will also have to pay a 12% penalty for delays in releasing their share of subsidies to insurance companies.
While farmers will receive a 12% penal interest payment for delays in settling claims beyond two months of the prescribed cut-off date, state governments will have to pay the penalty if they delay depositing their share of subsidies by three months or more.
Under the scheme, farmers pay between 1.5-2% of the insurance premium while the rest is paid equally by the centre and state governments.
Further, the new operational guidelines for the Pradhan Mantri Fasal Bima Yojana (PMFBY) has set a new target for insurance companies to enrol 10% more non-loanee farmers year-on-year. Non-loanee farmers are those who do not avail of subsidized crop loans. For loanee farmers, enrolling under crop insurance is mandatory.
Answer:
farmers can inform news paper to the editor they can inform there crops were dried and goverment should give us money