MONDAY 28 MAY 2018 HYDERABAD | PAGES 16 Farmers jubilant over free LIC scheme OUR BUREAU Medak: Over 2, 14, 345 farmers in the district will be benefited by the free life insurance scheme announced by Chief Minister K Chandrashekar Rao with effect from June 2, the Telangana formation day. Under the scheme, each farmer gets a life cover for Rs 5 lakh. The official machinery is busy finalising the policy guidelines for the scheme. The scheme benefits nearly 2.14 lakh farmers in 20 mandals of the district. In case of sudden, accidental and death due to illhealth, the next of the deceased will be given the insurance benefits. The state government will pay the premium to the LIC of India on behalf of the farmers. Under the Rytu Bandhu scheme, the government took steps to disburse Rs 153 crore through 2.19 lakh cheques. So far, 96 per cent of the farmers in the district received the pattadar-passbooks and input subsidy. All farmers who have received their pattadar-passbooks are eligible to get benefited under the free insurance cover. Negotiations are under way with the LIC. The insurance company will let the government know how much each farmer should pay towards the premium. The government would lease the policy guidelines depending on the insurance premium amount. The state government earmarked Rs 500 crore for the scheme in the current year’s budget. Farmers said that earlier they used to borrow money from money lenders as soon as the monsoons arrived. With the implementation of the Rythu Bandhu scheme, the problem of raising capital for agriculture has been solved. CM announced to implement Rs 5 lakh insurance cover scheme for the farmers with effect from June 2. The farmers never expected that the government will implement such ascheme for their benefit. Another elated female farmer described KCR as the only CM who kept farmers’ welfare in mind. The morale of the farmers is high with government advancing Rs 8,000 under the Rythu Bandhu scheme. n Chief Minister K Chandrashekar Rao announces Rs 5 lakh life cover n The LIC policy will be effective from June 2 n Nearly 2.14 lakh farmers would be benefited n All the farmers who received pattadar-passbooks are eligible n The government earmarks Rs 500 crore for the scheme in the current year’s budget Groundwater table receding alarmingly in Vikarabad district: Report 03 ‘Vijetha’ ﬁnalised for Chiranjeevi’s son-in-law’s 14 ﬁlm Glitch in Singur canal deprives farmers of paddy crop 06 Police conduct awareness meet with 390 sarpanches 04
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