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Agricultural News
Agri Finance: Rs 4,500-cr aid to Maharashtra state from central government
Central government is going to provide Rs 4,500 crore for Maharashtra state to override the agriculture crisis in the
state following drought, hailstorm and unseasonal rain. The Centre had sent officials to some drought-hit districts of
Marathwada to make sure of facts presented by the Maharashtra state government. The Centre pointed that late in release
of the financial package is because of late filing of report.
Maharashtra state government’s own package included crop loans to farmers of Rs 34,200 crore during 2014-15 (November).
Fadnavis had given directives to the department of relief and rehabitation to process compensation and special subsidies
to farmers without waiting for financial help from the Centre.
The state had send details to central government with the financial component to tackle the farm crisis which included
package to 68 lakh farmers from 14 districts of Vidarbha and Marathwada. Near about, 819 crore were utilized on free
power and 47.28 lakh new electricity connections. Waiver of electricity charges, heavily subsidised rice at Rs 3 per
kg and wheat at Rs 2 per kg upset the state budget.