Bhubaneswar: In a significant move, the Odisha government today announced to provide free crop insurance cover to all the farmers in the state for the next three years.
Cooperation Minister Atanu Sabyasachi Nayak made the announcement at a press conference in Bhubaneswar today after a review of his department by Chief Minister Naveen Patnaik.
Nayak said that Cooperation Department would bear the premiums of the crop insurance of the farmers from 2023 Kharif to 2025-26 Rabi season.
This announcement makes Odisha the first state in the country to provide free crop insurance cover to farmers, Nayak added.
Agricultural loans provided to farmers in the State are one of the successful programmes taken up by the Department. Accordingly, Odisha State Cooperative Bank, 17 Central Cooperative Banks and around 2,710 Primary Agricultural Credit Societies (PACS) have been providing agricultural loans to farmers in Odisha.
The beneficiary farmers get short-term cooperative loans at the time of their requirements, with low rates of interest and easy instalments of payment.
