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National Insurance Company, Chola MS, Agriculture Insurance Company and United India have been selected to implement crop insurance and other insurance covers offered for farm households in Telangana.
The Telangana government has divided the State into six clusters, assigning the implementation responsibilities to these firms. The government also announced the list of main crops for each of the districts. Excluding Hyderabad, there are 30 districts in the State where the insurance covers will be offered for the year.
Red chilli, cotton, oil palm and sweet lime have been identified by the government as main crops for different districts. Red chilli and cotton cover most of the districts.
Eight districts have been selected in the six clusters for the Unified Package Insurance Scheme (UPIS), which includes Prime Minister Fasal Bima Yojana and Weather-based Crop Insurance Scheme. Farmers will have to choose at least two out of the six covers that include personal insurance, life, student safety, household and agriculture pump set, a government official said.
After considering and accepting the proposals from the applicants, the respective banks will assign a unique reference number for the one-year cover. The scheme is applicable for people in the age group of 18-70 years.
The State government has issued three different orders last week, notifying details for the village-as-a-unit scheme, weather-based insurance and the UPIS.
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