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Government Agriculture Schemes

Telangana to give Rs 8,000/acre to cover the costs of agri input

The Telangana government has drawn up a scheme under which farmers in the state will be given Rs 4,000 per acre twice a year to cover the costs of major inputs such as fertilisers, seeds and pesticides.

The first tranche of the largesse, to be made available to all farmers irrespective of the size of their holdings or income levels, will be disbursed during May 1-15 this year, ahead of the kharif season. The move is being flagged as an alternative to costlier debt waivers announced by some other states.

“We have found that farmers spend about Rs 4,000 per acre in buying fertiliser, seeds and pesticides each season — kharif and rabi. With free power for agriculture provided by the Telangana government, only labour and machinery costs will now be left for farmers to bear,” said a state government official.

If labour under MNREGA is allowed in agriculture, the burden on the farmers could be minimised too, he added. The Economic Eurvey 2016-17, in Volume II released in August last year, has estimated that farm loan waivers could be as much as Rs 2.2-2.7 lakh crore if all states start offering the relief and could stoke short-term deflationary shock in an economy yet to gain full momentum. Even if only the five states (Uttar Pradesh, Karnataka, Maharashtra, Punjab and Tamil Nadu) that have made the announcement to implement the loan waiver, the estimated impact could be Rs 1-1.25 lakh crore, it said.