Odisha government has directed all the district collectors to credit the entire argi-insurance amount to the bank account of the farmers, officials said on Saturday. The collectors were directed to ensure 100 per cent disbursement within 15 days by Chief Secretary A P Padhi through a video conferencing pn Friday.
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Development Commissioner R Balakrishnan has also suggested the banks to open parallel savings accounts of the loanee farmers within two to three days and credit the insurance money to their savings account.
Cooperation secretary Manoj Ahuja said the insurance claim of farmers was now being given against kharif crop loss of 2015 drought and 11.61 lakh farmers would be benefited. About Rs 1,776 crore would be disbursed through their bank accounts and, as of Saturday, around Rs 880 crore has been credited to the accounts of the farmers, Ahuja said.
Padhi directed the collectors to keep close watch over the situation and ensure 100 per cent disbursement of the compensation money to account of the farmers. He also asked the collectors to review the situation on daily basis with commercial and cooperative banks and send the updated report to Principal Secretary Cooperation.
“As the agricultural loan term is up to the month of March, no bank should adjust the insurance money against the loan of current year,” Padhi said.