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Union Finance Minister Shri P. Chidambaram takes Initiative to Ensure that 100% of the Claims of the Farmers Affected by Drought in 2012 in Tiruvadani Taluk, Ramanathapuram District are Released as Early as Possible

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..... Union Finance Minister Shri P. Chidambaram takes Initiative to Ensure that 100% of the Claims of the Farmers Affected by Drought in 2012 in Tiruvadani Taluk, Ramanathapuram District are Released as Ea .....

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..... rly as Possible
News and Press Release
Dated:- 7-1-2014

Following is the Text of the Statement issued by the Finance Minister Shri P.Chidambaram here today: "There were representations .....

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..... that Agricultural Insurance Corporation (AIC) had not paid-out the insurance amounts to the farmers affected by drought in 2012 in Tiruvadanai Taluk, Ramanathapuram District. I took up the matter wit .....

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..... h the Agricultural Insurance Corporation. I have been informed that the first instalment of NAIS claims amounting to Rs. 740.80 crore in respect of paddy crop of Tamil Nadu has been approved. The sha .....

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..... re of the claims is as under: a) Government of India : Rs. 303.40 crore b) State Government : Rs. 303.40 crore c) AIC : Rs. 134.00 crore AIC has about 83.8% of the amount required to satisfy the c .....

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..... laims from Tamil Nadu in full. Hence, they propose to release 83.8% of the claim to all the eligible farmers. The balance amount will be released on receipt of the remaining contribution. I intend to .....

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..... follow-up with AIC to ensure that 100% of the claims of the farmers are released as early as possible."
News - Press release - PIB .....

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