Bandaru asks Tel govt to release PMFBY premium contribution

Union Labour Minister Bandaru Dattatreya today said the Telangana government should release its contribution towards the premium of the Pradhan Mantri Fasal Bima Yojana (PMFBY) or crop scheme for Kharif.
The minister today held a review meeting with the officials of state Agriculture department and representatives of various insurance companies.
"The state government should release about Rs 72 crore towards its share for the premium for Kharif. The scheme is for the benefit of farmers. There should not be any political issues in implementing the scheme. About 6.20 lakh farmers will benefit from the PMFBY," Dattatreya told reporters in a press conference.

As per the scheme, the farmer will bear two per cent of the insured value of the crop (for Kharif) and 1.5 per cent in case of Rabi crop. The rest of the premium is borne equally by the state and Centre.
Dattatreya said he would invite ministers of Finance and Agriculture to Telangana to sort out issues, if any, regarding implementation of PMFBY.