Farmers Received Compensation Lesser Than Premiums Paid
BusinessToday.In
- Updated Dec 1, 2022 3:22 PM IST
Farmers are often blamed for not insuring their crops to keep themselves immune to the vagaries of nature. As it turns out even taking insurance may not help much, as farmers in Akola are finding to their horror. Prabhakar Ghogare, a farmer in this Maharashtra district, got a princely sum of 90.72 paise. This is after excess rainfall that damaged his crop. Many of the farmers are being given such fewer amounts, they are wondering why they took crop insurance. These amounts have been deposited by the insurance companies after a survey of the damaged crop.
