Norms of Assistance for Loss of Crops
Financial assistance to farmers by way of immediate relief in the event
of disaster is provided as per the norms of assistance in the Ministry
of Home Affairs guidelines on revised items and norms of assistance
under SDRF/NDRF dated 8th April, 2015. The revised norms of assistance
for loss of crops was enhanced from Rs.4500/- per hectare to Rs.6800/-
per hectare under rainfed conditions, from Rs.9000/- to Rs.13500/- per
hectare under irrigated condition and from Rs.12000/- to Rs.18000/- per
hectare for perennial crops. In addition farmers having suffered 33%
loss to crops are now entitled to receive financial assistance in place
of a minimum threshold of crop loss of 50% which obtained earlier.
Assistance under SDRF/NDRF provided is for immediate relief
and not by way of compensation for the loss suffered. The main
objective of the relief fund is to provide immediate assistance to
farmers affected by the calamities.
The State Governments are to take utmost care and ensure that all
individual beneficiary-oriented assistance from SDRF/NDRF is
necessarily/mandatorily disbursed through the bank account (viz; Jan
Dhan Yojana etc.) of the beneficiary.
The Govt. of India is assisting the State Govts. and seed producing
agencies for seed related activities through various ongoing
schemes/programmes of the Department including National Food Security
Mission (NFSM), National Mission on Oilseeds and Oil Palm (NMOOP),
Mission on Integrated Development of Horticulture (MIDH), Rashtriya
Krishi Vikas Yojana (RKVY), Sub-Mission on Seeds & Planting Material
(SMSP) under National Mission on Agricultural Extension &
Technology (NMAET).
Reserve Bank of India (RBI) has issued Standing Guidelines for Relief
Measures to be provided by respective lending institutions in areas
affected by natural calamities which, inter alia, include identification
of beneficiaries, extending fresh loans and restructuring of existing
loans, relaxed security and margin norms, moratorium etc. The moment
calamity is declared by the concerned District Authorities, these
Guidelines have been so designed that they are automatically set in
motion without any intervention and this saves precious time.
RBI has allowed State Level Bankers’ Committee/ District Level
Consultative Committees/ Banks to take view on rescheduling of loans if
the crop loss is 33% or more. Banks have been advised to allow maximum
period of repayment of upto 2 years (including the moratorium period of 1
year) if the crop loss is between 33% and 50%. If the crop loss is 50%
or more, the restructured period for repayment is extended to a maximum
of 5 years (including the moratorium period of 1 year). The Banks
have further been advised that all short-term loans eligible for
restructuring are converted into term loan. In all cases of
restructuring, moratorium period of at least one year is granted. The
existing term loan installments are rescheduled.
This information was given by the Minister of State for Agriculture Shri
.Mohanbhai Kalyanjibhai Kundariya in Rajya Sabha today.
SS
(Release ID :142587)
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