The government has tried to bail out farmers by announcing a number of schemes, including making available crop loans at reduced rate of interest and waiving off penal interest on power bills for those who pay in full outstanding principal amount.
The government has tried to bail out farmers by announcing a number of schemes, including making available crop loans at reduced rate of interest and waiving off penal interest on power bills for those who pay in full outstanding principal amount.
Other sops for farmers include a loan upto Rs50,000 at zero rate of interest for those repaying their crop loan within the stipulated period and up to Rs3 lakh at 2% rate of interest. The government has made a provision of Rs84.28 crore for payment of interest.
“Even after giving heavy concessions in electricity rates, electricity dues are outstanding with several farmers. At the end of December 2010, the outstanding was about Rs5,900 crore,” finance minister Ajit Pawar said.
“I am announcing Krishi Sanjeevani Yojana under which interest and penal interest will be waived for those farmers who pay in full outstanding principal amount before a specified cut off date. 22 lakh farmers will get benefit of this scheme,” he added.
He said there are about 31 lakh agricultural pumps in the state. To increase the agricultural income, the state will provide subsidy in the electricity supply supplied. The minister said that efforts are being made to reach the stage of ‘Electricity Connection on Demand’ from April 2011.
To make available fertilisers on time, the state government’s scheme of maintaining buffer stock of fertilisers would be continued for next kharif season too. An amount of Rs51.50 crore has been provided for this scheme.
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