Union Finance Minister Nirmala Sitharaman today said the insurance firms would be directed to pay compensation to farmers who suffered losses in the floods in Karnataka.
Speaking to reporters after conducting an aerial survey of Belagavi and Bagalkot districts, she said insurers would be instructed to conduct meetings with officers and elected representatives of the districts concerned and finalise the compensation amount and to conduct their surveys and formalities later.
The central government would also take steps to protect farmers and poor people from moneylenders, Sitharaman added.
Incessant rains in many districts in Karnataka over the past few days have left 26 people dead and affected thousands.
The finance minister, who is a Rajya Sabha member from Karnataka, visited the flood-hit districts and spoke to some flood affected people. She also visited a few relief centres.
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