New Insurance Scheme for Farmers by Telangana govt
The Telangana government proposes to introduce a new insurance scheme for the benefit of farmers. Family should get an insurance amount of Rs five (5) lakh in the event of the farmer’s death. “The CM said whatever might be the reason, when the farmer dies the family should immediately get Rs 5,00,000 as Insurance amount,” a release from Rao’s office said.
| Causality | Death |
| Insurance Amount | 5 Lakh |
| Insurer | LIC INDIA |
| Premium | Paid by Government on the behalf of Farmer |
Budgetary allocation would be made for the purpose, it said.
“The CM said that the premium amount will be budgeted amount and hence it is assured payment,” it said.
The state government has recently introduced an investment support scheme for farmers, providing Rs 8,000 per acre, per annum to all farmers.
