Crop insurance scheme: DC hits out at sluggish banks

The bank officials on Thursday were taken to task at a review meeting held here over the slow progress in enrolling the farmers under Pradhan Mantri Fasal Bima Yojana (PMFBY) (Prime Minister’s Crop Insurance Scheme) and Weather based Crop Insurance Scheme (WBCIS).

Deputy Commissioner C Shikha said that the banks in the district seemed reluctant to reach out to the beneficiaries and their work was unsatisfactory. “With today being the last date for the registration under the schemes,” Shikha pointed, “of total 8,400 registered beneficiaries across the state, only 244 beneficiaries had registered themselves in Mysuru district.”

Shikha, however, said that extension of the last date has been sought to include more farmers in the list.

It may be mentioned that banana and coconut crops have been notified under PMBFY and WBCIS schemes and the premium rates to be paid by the farmers have been brought down substantially so as to enable more farmers to avail insurance cover against crop loss on account of natural calamities. 

Shikha directed the bank officials to enroll maximum number of banana and coconut growing farmers to help them during the vagaries of monsoon.

Commenting on the disbursement of money to farmers, DC the DC asked the bank officials to increase the speed in data entry and disburse the amount as soon as possible. She also asked them to work more hours to meet the target.

MP R Dhruvanarayana raised concern over not including in the agenda the 10 percent loan programme to the economically weaker sections as guaranteed in the schemes.  “We talk about progress of the country without uplifting the economically weaker section in our society. For a country’s growth, uplifting the poor ought to be our priority,” he said.

Responding to a few complaints of partial disbursement of loans, the MP directed the bank officials to ensure that the beneficiaries receive both loan and subsidy amount. “For the successful completion of any project, 100 percent disbursement of money, both loan and subsidy portion, to the farmers should be ensured,” he said.

Dhurunarayana sought increase in number of banks in the rural areas along with more lending to Self Help Groups (SHG). He also said that agriculture gold loan needs to be increased.

ZP CEO P A Gopal, AGM, RBI, Bengaluru, Sujata Srikantaiah and others were present.

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