The Union Finance Minister Shri P. Chidambaram said in a statement here today that Agricultural Insurance Corporation (AIC) has informed him that an amount equal to 83.8 % of the claims of the farmers has been disbursed to the nodal banks of Tamil Nadu. It is expected that the banks will disburse the money to the farmers who have submitted the claims, he added. The Finance Minister Shri Chidambaram further said that the balance amount will be disbursed shortly.

Disbursement of agricultural insurance claims: majority transferred to nodal banks, with remaining amounts to be released shortly. Agricultural Insurance Corporation has transferred the bulk of approved farmer claim funds to designated nodal banks, which are expected to complete onward payments to claimants; the remaining balance of approved claims will be released and forwarded to the nodal banks for final payment shortly.