Photo: MintChennai: Chief minister J. Jayalalithaa on Friday announced the implementation of the central government’s new crop insurance scheme in Tamil Nadu. Jayalalithaa said Tamil Nadu has been reaching “new heights” in foodgrain production every year; last year, it produced 13 million tonnes. The Tamil Nadu govt’s spending on premiums for crop insurance, Pradhan Maantri Fasal Bima Yojana, will rise to Rs500 crore a year from Rs40 croreChief minister J. Jayalalithaa says Tamil Nadu has been reaching new heights in foodgrain production every year. The state government’s spending on premiums for crop insurance will rise to Rs.500 crore a year from Rs.40 crore, the chief minister said in a statement. Tenders will immediately be invited from insurance companies approved by the Union government, she added.

Source: Mint July 15, 2016 13:52 UTC