Life insurance greatest thing I did in life: KCR Bonds to be distributed from Aug. 15
Every farmer in the age group of 18 to 60 years will be insured for his life at a premium of `2,271 per head to be borne by the government.
Chief Minister K. Chandrasekhar Rao on Monday said that `5 lakh free life insurance scheme covering 58 lakh farmers in the state is the single greatest thing he has done in his life.
The Telangana state government on Monday signed a memorandum of understanding with the Life Insurance Corporation of India to implement the scheme.
Every farmer in the age group 18 to 60 years will be insured for his life at a premium of `2,271 per head to be borne by the government.
The death could be due to any reason and the affected family will get `5 lakh compensation within ten days of the claim being submitted.
The insured farmer will have to propose a nominee. The insurance bonds will be distributed from August 15.
Addressing a meeting of agriculture officials and farmers at HICC, the CM said the focus of the state government would now be on setting up crop colonies, unification of small land holdings and farm mechanisation to make agriculture financially viable for farmers.
He said crops and foodgrain procurement in the state must be regulated to ensure that all farmers do not opt for the same crops and don’t bring agri produce to market all at the same time, which leads to prices crashing.
Mr Rao gave a set of directions to agricultural officers saying that implementation of the insurance scheme will be their responsibility.
Chief Minister K. Chandrasekhar Rao on Monday said that `5 lakh free life insurance scheme covering 58 lakh farmers in the state is the single greatest thing he has done in his life.
“The life of a farmer is like playing a game of snakes and ladders. Many risks have to be overcome and you have the job to ensure that farmers emerge as winners,” he added.
He also said farmers must be educated in cropping patterns so that they plant crops in accordance with demand and also based on the kind of soil in the area.
“Depending on the climatic conditions, soil category, wind speed, rainfall and temperature, the entire land in the state will be divided into crop colonies by agriculture scientists. In accordance with this division, the farmers should go for a cropping pattern and accordingly they need to be educated," Mr Rao suggested.
Mr Rao also suggested that agricultural lands around and near towns and cities must grow vegetables to meet the needs of surrounding areas. People living in towns and cities could buy these vegetables, which will benefit both the farmer and consumer.
Mr Rao said the government is devising plans to establish food processing units all over the state.