Comments
The Andhra Pradesh Government has proposed a Budget of ₹29,159 crore for agriculture and allied sectors in the State for the financial year 2020-21.
Presenting the Budget in Amaravati on Tuesday, Agriculture Minister K Kannababu said that the State proposed a ₹3,000-crore price stabilisation fund to protect farmers from price fluctuations.
The Minister proposed a sum of ₹6,885 crore for Rythu Bharosa (financial assistance to farmers for purchasing inputs) and ₹1,000 crore to provide interest-free loans to farmers.
He said the State disbursed ₹6,500 crore to about 46.69 lakh farmers under the scheme last year.
The State will allot ₹20 crore towards ex-gratia payments to the kin of farmers that commit suicides. “Despite providing financial assistance some farmers are resorting to suicides. We are providing ex-gratia to the kin in such cases,” he said.
Natural farming
The State will spend ₹225 crore to promote natural farming and ₹142 crore for promoting sustainable agriculture. “We will set up a Natural Farming Research, Training and Knowledge Centre in Rayaseema,” the Minister said.
While the Agriculture Department will get ₹15,400 crore, the Horticulture Department will be sanctioned ₹653 crore for 2020-21.
The Acharya N G Ranga Agricultural University (ANGRAU) will get ₹402 crore for 2020-21, while the YSR Horticultural University will get ₹89 crore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.