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Chidambaram takes initiative to ensure release of Tamil Nadu farmers claims

New Delhi, Jan.7 : Finance Minister P. Chidambaram on Tuesday said that he has taken the initiative to ensure a 100 percent settlement of claims of farmers affected by drought in 2012 in Tiruvadani Taluk in Tamil Nadu's Ramanathapuram District. He said the release of the funds would be done as early as possible


In a statement issued him, Chidambaram said: "There were representations 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 with 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."

He further stated that the share 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

Chidambaram further revealed that the AIC has about 83.8 per cent of the amount required to satisfy the claims 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 follow-up with AIC to ensure that 100 percent of the claims of the farmers are released as early as possible," he said.

--ANI (Posted on 07-01-2014)

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