STOCK MARKET BSE NSE

Farmers of Odisha halt bank business

The agitating farmers picketed in front of both nationalised and private banks in the district and paralysed banking services for the entire day.

Published: 07th June 2018 06:24 AM  |   Last Updated: 07th June 2018 06:24 AM   |  A+A-

Farmers stage protest in front of Sambalpur District Coop Bank in Bargarh | EXPRESS

By Express News Service

BARGARH: Farmers under the banner of Krushak Sangathan Samanwaya Samiti, Bargarh on Wednesday paralysed operations in all banks across the district over insurance claims under Pradhan Mantri Fasal Bima Yojana for paddy crop loss due to drought during 2017 kharif season. The agitating farmers picketed in front of both nationalised and private banks in the district and paralysed banking services for the entire day. They also locked the National Insurance Company office here in protest. The entire district was affected due to drought during kharif season last year.

Though farmers had insured their kharif crop, the National Insurance Company is yet to disburse the insurance benefits, the agitators alleged. President of Krushak Sangathan Jayakrushna Sahu said the insurance company had assured that it would disburse insurance benefits to farmers by May 31 this year. However, farmers are yet to get the insurance claims. The officials of the insurance company are now claiming that they will disburse the benefits on June 20, Sahu said. He further informed that 1, 02,971 farmers of the district had cultivated paddy by taking loans from banks. As many as 853 farmers had grown paddy without taking any loan during the last kharif season. All the farmers had insured their paddy crops.

“The insurance company had taken Rs 128 crore as premium for insuring the crops. However, the farmers now have been deprived of getting insurance benefits in time due to lackadaisical attitude of the company, Sahu alleged. Sahu said the company is supposed to provide Rs 733 crore as insurance benefits to farmers of the district. However, the farmers are doubtful of getting the benefits as the company is unnecessarily delaying disbursement of insurance claims, he rued.

Later in the evening, the agitating farmers called off their agitation after having a discussion with district officials. Bargarh Collector Indramani Tripathy said the district administration has already discussed about the matter with officials of the insurance company. The company has found some discrepancies in the data of some villagers which is why disbursement of insurance benefits to farmers has been delayed, Tripathy said. He assured that farmers will get their insurance benefits soon.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp