Groundnut farmers who lost their crop due to failure of monsoon or inadequate rainfall will be given compensation in the form of input subsidy, according to MP Anantha Venkatarama Reddy.
In a statement issued here on Friday, Mr. Reddy said during the last kharif groundnut farmers had raised the crop in an extent of 20 lakh hectares.
Out of the 20 lakh hectares, 5 lakh hectares would be covered under the compensation scheme. Farmers not covered under the compensation package would be covered under the input subsidy programme. The beneficiaries under the input subsidy programme would be farmers holding the remaining 15 lakh hectares.
Rs. 360 crore
The State government will pay Rs. 230 crore as input subsidy and Rs. 130 crore in the form of compensation. The MP said Ministers and MLAs from the district convinced Chief Minister N. Kiran Kumar Reddy the need to extend compensation to the beleaguered groundnut farmers in the district. He said 15 lakh hectares could not be covered under the crop compensation scheme as the crop was damaged after harvest. Farmlands which could not be covered under the compensation programme directly would now be given an input subsidy of Rs. 1,875 per hectare.
The district had in the past received Rs. 62 crore worth input subsidy but keeping the severe drought conditions in view the Chief Minister agreed to release Rs. 230 crore, Mr. Reddy pointed out.
Ministers, MLAs from Anantapur district convince Chief Minister: MP