ABSTRACT

National Agricultural Insurance Scheme - Settlement of State Government share of premium subsidy for Small and Margin farmers for Paddy-III (Navarai/Kodai) 2002 and service charges to banks for the season to the tune of Rs.1,79,885/-  Sanctioned - Orders issued.

COOPERATION, FOOD & CONSUMER PROTECTION DEPARTMENT

G.O.Ms.No. 68
Date:17.2.2004.

Read:

(1)  G.O.Ms.No.294, Agriculture (Agri.1) Department, dated 27.7.2000.

(2)  From the Registrar of Cooperative Societies, Letter No.168504/2002 (1) ACS4 dated 25.7.2003.

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ORDER:

In the Government Order read above the Government have issued orders for the implementation of National Agricultural Insurance Scheme in the State from 1999-2000.  Due to administrative reasons, the Government have implemented the scheme only from Rabi-2000.  The State Level Coordination Committee on crop insurance for monitoring National Agricultural Insurance Scheme have notified the 77  blocks and crops for Paddy III  2002, season.

2. The modalities of the scheme are as follows:

(1) The premium subsidy will be phased out on the sunset basis in a period of three to five years, subject to review of financial results and the response  of the farmers at the end of the first year of the implementation of the scheme.

(2) Fifty percent subsidy is allowed for Small and Marginal farmers for the first year 2000-2001.  From the subsequent years, the subsidy portion will be reduced in a phased manner for the year 2002-2003, the percentage of subsidy is 30%

(3) The State Government have to pay a service charge at 1.25% of the total premium (50% of 2.5% of total premium)

3. The General Insurance Corporation of India has now sent the details on the premium subsidy payable by the State Government towards the State Government's share of premium subsidy for Small and Marginal   farmers   for Paddy III 2002:

 

1.

Total Premium as per Premium Register

Rs.20,24,658.12

2.

Total Premium amount to Small and Marginal Farmers

Rs.10,30,511.82

3.

Total Premium Subsidy for Small and Marginal Farmers 30% Premium)

Rs.3,09,153.53

4.

State Government Share of Premium Subsidy (50% total premium)

Rs.1,54,576.77

5.

Service charges to be paid to Banks (2.5% of total premium)

Rs.50,616.45

6.

State Government Share of Service charges

Rs.25,308.23

 

Total (4 & 6)

Rs.1,79,885.00

 

4. Based on the particulars furnished by the General Insurance Corporation of India, the Registrar of Cooperative Societies has requested the Government to sanction a sum of Rs.1,79,885/- (Rupees One lakh seventy nine thousand eight hundred and eighty five  only) as detailed below:

Paddy III 2002 Season :

Premium Subsidy

Rs.1,54,576.77

Service charges

Rs.25,308.23

Total

Rs.1,79,885.00

 

5. The Government accept the proposals of Registrar of Cooperative Societies and sanction a sum of Rs.1,79,885/- (Rupees One lakh seventy nine thousand eight hundred and eighty five  only) towards the settlement of State Government share of premium subsidy for Small and Margin farmers for Paddy III /2002 and service charges to the banks.

6. The expenditure sanctioned in para 4 above shall debited under the following head of account :

"2401 00 Crop Husbandry - 110. Crop Insurance - Schemes in the Tenth Five Year Plan - II State Plan - JA. Grants to Small and Marginal Farmers enrolled under Group Insurance Scheme - 09. Grants-in-Aid - 03. Grants for specific schemes". (DPC No.2401 00 110 JA 0938)

7. There is a budget provision of Rs.25.00 lakhs in the Budget Estimate for 2003-2004 under the relevant head of account mentioned in para 6 above.

8. The Joint Registrar of Cooperative Societies (Intensive Agricultural Area Programme) in the Office of the Registrar of Cooperative Societies is authorised to draw and disburse the amount of Rs.1,79,885/- towards State share of premium subsidy and service charges to the General Insurance Corporation, Chennai.

9. This order issues with the concurrence of Finance Department vide its U.O. No.71238 / CF&CP / 03, dated 7.1.2004.

(BY ORDER OF THE GOVERNOR)

S. MACHENDRANATHAN,
SPECIAL SECRETARY TO GOVERNMENT.

To

The Registrar of Cooperative Societies, Chennai-10.

The Accountant-General (A&E), Chennai18.

The Accountant-General (Audit-I), Chennai-35.

The Accountant-General (A&E), Chennai-18 (By name)

The Accountant-General (Audit), Chennai-35 (By name)

The Accountant-General (Audit-I), Tamil Nadu & Pondicherry, Lekha Parikasha Bhavan, 361, Anna Salai, Teynampet, Chennai-18.

The Pay and Accounts Officer (South), Chennai-35.

The Director of Agriculture, Chepauk, Chennai-5.

The Director of Economics and Statistics, Chennai-6.

Copy to:

The Agriculture Department, Chennai-9.

The Finance (BG.I) (CF&CP ) Department, Chennai-9.

The General Insurance Corporation,.

The State Level Crop Insurance Cell, 812, II Floor, Periyar EVR High Road, Kilpauk, Chennai-10.

SF&SC.

 

/Forwarded:by Order/

Section Officer.