Telangana Chief Minister KCR who introduced landmark farmer friendly initiative of Rythu Bandhu and farmers loan waiver now plans to launch a unique farmers insurance scheme to beget Rs.5 lakh compensation for all farmers deaths.
This initiative for which the government paid a premium will be launched in August this year is linked to LIC and is farmers up to the age of 59 are eligible. The policy will be applicable for all kinds of deaths including perhaps the suicides as well.
The scheme will benefit about 59 lakh families of farmers and the date of birth is as per the aadhar card registry. The scheme expected to bring down the farmers suicides in the state.