- The Director has stated that in the reference 1st read above, Government
have released an amount of Rs. 75.00 Crores from the Budget provision of
Rs. 300.17 Crores for the 1st Quarter (April to June) of the Financial year
2015-16 for the use of 13 District Insurance Offices of Andhra Pradesh and
same amount was distributed to all District Insurance Offices as per their
requirement
- In the reference 2nd read above, the Director of Insurance (FAC), A.P.
Hyderabad has stated that for 2nd Quarter, the request is Rs. 40.00 Crores.
Further stated that there is a balance of Rs. 23.32 Crores in the first quarter
amount of Rs. 75.00 Crores. In fact the requirement would be Rs. 45.02 Crores
(Rs. 21.70 Crores + Rs. 23.32 Crores) hence requested the Government to
release an amount of Rs. 21.70 crores (Rupees Twenty One Crores Seventy
Lakhs only) is required towards 2nd quarteramount of the Financial year 2015-
16 to facilitate distribution among the (13) District Insurance Offices towards
sanction of Loans and settlement of Claims to the Policyholders under the
Head of Account 8011-MH – 105- SH (01).
- Government, after careful examination of the proposal of the Director of
Insurance (FAC), A.P. Hyderabad, hereby accord sanction for an amount of
Rs. 21.70 crores (Rupees Twenty One crores and Seventy Lakhs only) under
Public Account, from the BE provision 2015-16 towards loans and settlement
of claims in all 13 District Insurance Offices in Andhra Pradesh under the
following Head of Account
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