Tamil Nadu's Agriculture Minister urged farmers to register for crop insurance by December 1st to secure compensation for the 2024–25 season
GS3Economy · S&T · Environment · Security· MSP, procurement, PDS & food security· Prelims·
Why in news
Tamil Nadu's Agriculture Minister urged farmers to register for crop insurance by December 1st to secure compensation for the 2024–25 season.
Background
The Tamil Nadu government approved ₹794 crore in compensation for the 2024–25 crop season. As of the report, ₹697 crore has been credited to 4 lakh farmers, covering 61% of the cultivated area.
Facts for Prelims
- Fact₹794 crore total compensation approved for the 2024–25 crop season in Tamil Nadu
- Fact₹697 crore already credited to 4 lakh farmers
- Fact61% of the cultivated area has been insured as of late November 2025
- PlaceFarmer Registry and e-Sevai centers are the designated platforms for registration
For Mains
Q. Discuss the role of crop insurance schemes in mitigating climate-related risks and ensuring income stability for small and marginal farmers in India.
Dimensions to cover in your answer
- Information asymmetry: Difficulty for smallholders to access insurance due to lack of awareness and complex registration
- Fiscal sustainability: Balancing state-funded compensation payouts with the long-term viability of risk-pooling mechanisms
Keywords: risk mitigation · climate resilience · agricultural insurance · income security · e-governance
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