Stalin launches insurance distribution of crop loss to 2.21 lakh farmers

Chief Minister MK Stalin on Tuesday launched the works to distribute Rs 318 crore compensation to 2.21 lakh farmers for crop losses under crop insurance for 2021-22 and 2022-23.

An official release said that the chief minister distributed compensation to five farmers at the secretariat, marking the inauguration of the distribution of compensation to the flood-affected farmers in the incumbent and previous financial years.

The release said that for rabi crops damaged in floods during 2021-22, 2.02 lakh farmers would be paid a compensation of Rs 284 crore. It said that 19,282 farmers whose crops were damaged in Mayiladuthurai during 2022-23 would be paid a compensation of Rs 34.30 crore.