State farmers to get accident cover for another year

MUMBAI:
The Maharashtra authorities have extended the personal accident coverage scheme
for husbandmen to 2007-08. More than one crore husbandmen in the state are covered
under the scheme. According to the government, the strategy launched in 2005 has
been utile for farmers. The
government had improvised on the National Crop Insurance strategy to offer
accident screen to farmers. Maharashtra is the lone state to offer such as a scheme. The agribusiness section has
tied up with three coverage federal agencies to provide to three parts of the state. National Insurance Company, Asian Insurance Company and Reliance General
Insurance Company have got got the authorization for six gross divisions in the state. The authorities have allocated
Rs 10.5 crore as coverage premium to be paid to the insurance companies on behalf of 1.06
crore farmers, beginnings said. “The insurance premium plant out to about Rs 8.5 crore
at Rs 8 per husbandman for a year. The state will also pay service taxation of around Rs
2 crore on the premium,” said an official. Families covered under the
scheme will acquire Rs 1 hundred thousand on accidental decease of the husbandman and Rs 50,000 on a
mishap that renders the husbandman handicapped for life. “The strategy have been
drafted after taking into business relationship the high figure of bad lucks in rural areas. Agribusiness is not a very safe
vocation and affects some hazards. But most husbandmen make not have got a hazard screen to
mitigate the impact of an accident,” the functionary said. Among the three
insurance companies, Asian Insurance Company have been paid a insurance premium of
Rs 6.29 crore followed by Rs 2.24 crore to Reliance General Insurance and Rs
98.87 hundred thousand to National Insurance Company, beginnings said. The authorities have asked the
agriculture section to publicize the strategy in rural countries and educate
farmers about it. “The agribusiness section would publish instruction manual to
the less disposal and put down the statuses that have got to be complied
with by the husbandmen to help benefit of the scheme. There is small paperwork
that targeted husbandmen will have got to do,” said an official.