Odisha farmers to get Rs 675.32 crore as crop insurance

BHUBANESWAR: Odisha farmers affected by the last year's drought and floods, would get compensation of Rs 675.32 crore as crop insurance under the Rastriya Krishi Bima Yojana, official sources said.

Chief Minister Naveen Patnaik today sanctioned Rs 277.72 crore toward's state's share in the RKBY, they said adding that about 5.71 lakh farmers would get benefit from the scheme.

The farmers in all the 30 districts of the state were badly hit in twin floods and drought during the 2011 Kharif season.

"As the state government had considered panchayat as an unit for the RKBY, a large number of farmers would get benefit," an official release issued by the Chief Minister's Office said.