Special package of ₹1,033.60 crore for flood-hit farmers launched

Mr. Jindal
2 Min Read

Crops on about 14.58 lakh hectares were damaged during the floods.

Crops on about 14.58 lakh hectares were damaged during the floods.
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The Karnataka government on Thursday launched a special package of ₹1,033.60 crore as additional subsidy to compensate farmers for crop loss due to heavy rainfall and flooding this monsoon. Chief Minister Siddaramaiah formally launched the scheme that is expected to benefit 14.24 lakh farmers.

As per the SDRF norms, input subsidy of ₹1,218.03 crore had already been provided to farmers that would take the total to ₹2,251.63 crore. Crops on about 14.58 lakh hectares had been damaged and the total crop loss had been estimated to be around ₹10,748 crore. Following memorandum from the State government, the Centre had set up inter-departmental team, which is expected to visit the State shortly.

A note from the Chief Minister’s Office said that the additional subsidy had been launched to mitigate the woes of the farmers by increasing the compensation from ₹8,500 per hectare to ₹17,000 per hectare in rain-fed area and in irrigated land from ₹17,000 per hectare to ₹25,000 per hectare. For area under annual multiple crop, compensation has been increased from ₹22,500 per hectare to ₹31,000 per hectare. The compensation is capped for two hectares.

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