Keeping in view delay in distribution of crop insurance amount to drought affected farmers, the State Government on Monday warned IFFCO-Tokyo insurance company of black listing it if it failed to deposit the due crop insurance amount within a week’s time.
The company had insured crop of farmers in more than 20 districts of the state.
As per information the company has to deposit Rs 276 crores of insurance amount but had only transferred Rs 78 crores to Bank.
Director, Agriculture, M.S. Kerketta informed that the Directorate had warned the company that it would be black listed if it does not pay the required insurance amount of farmers within a week.