Telangana Farmers Would Receive Rs 4,000 Per Acre Farm Subsidy

Telangana farmer would receive a subsidy of Rs 4,000 per acre farm subsidy from state government, which is expected to meet a major part of their seed, fertiliser, pesticide and field preparation expenses.

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Telangana Farmers Would Receive Rs 4,000 Per Acre Farm Subsidy

Telangana farmer would receive a subsidy of Rs 4,000 per acre farm subsidy from state government, which is expected to meet a major part of their seed, fertiliser, pesticide and field preparation expenses. Rs 4,000-per-acre amount is to be distributed ahead of the 2018 kharif season from June, and will be followed by a second tranche in October prior to the rabi plantings.

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Details & Benefits of Telangana Farm Subsidy (Farmer Investment Support Scheme)

  • The total subsidy sum of Rs 8,000 per acre, targeted to cover about 72 lakh farmers, is projected to cost the state exchequer a whopping Rs 9,600 crore: Rs 5,600 crore in kharif and Rs 4,000 crore in rabi.
  • Rs 4,000/acre is what farmers spend on an average towards purchase of inputs and field preparation for various crops. This, along with-
  • Recent free 24-hour power supply scheme (for the state’s 23 lakh-plus agricultural pump-sets), should take a huge burden off farmers’ shoulders. They would now only have to bear the expenses on hiring farm labour.
  • The new ‘farmer investment support scheme’, as it is being called, and free power for agricultural pumps will together entail an annual expenditure of Rs 16,000-16,500 crore.
  • This is more than a tenth of the Telangana government’s budgeted expenditures of Rs 1,49,646 crore and over 14 per cent of its revenue receipts (including share of central taxes and grants-in-aid) of Rs 1,13,083 crore for 2017-18.
  • The subsidy will be applicable on the entire 1.62 crore acres cultivable land of the state, while assuming that only 85-86 per cent of it is farmed during kharif and 60-61 per cent in the rabi season.
  • There would be an agricultural extension officer deputed for every 5,000 acres, who will report whether or not a farmer availing the benefit is growing a crop.
  • The flat per-acre subsidy will be extended to all farmers and without any cap on holding size. Thus, even a farmer having 100 acres would be entitled to an annual payment of Rs 8 lakh.

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Passbook & Payment for Telangana Farm Subsidy (Farmer Investment Support Scheme)

  • Telangana government will soon distribute land ownership passbooks to all the 72 lakh farmers identified as per the revenue department’s survey.
  • The passbook will have the farmer’s name, land survey number, holding size in acres, Aadhaar ID, mobile phone and other relevant details.
  • It would serve as proof of land ownership, making the farmer eligible for any such subsidy/transfer scheme.
  • If a well-to-do farmer wants to give up the subsidy entitlement, he is always free to do so, an agriculture department official stated.
  • Rs 8,000-per-acre subsidy, significantly, will not be in the form of direct benefit transfers to the bank accounts of farmers.
  • Instead, the beneficiaries are to be handed out pink-coloured cheques.
  • The decision to make payments in cheques would allow farmers to deposit these in the banks of their choice.
  • Also, the state government apparently does not want a situation where the subsidy transferred into accounts is used by banks to recover outstanding loans owed by farmers.

A major criticism of the scheme, apart from the financial implications and not excluding well-off farmers, is that it leaves out tenant cultivators, who are the ones most prone to high indebtedness and committing suicide. An estimated 40 per cent of Telangana farmers comprise tenants, who grow crops on land they don’t own and is taken on lease.

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In most states, Telangana being no exception, not only the land, but even agricultural pump-sets and electricity connections are often in the owner’s name. That makes it further difficult for the tenant to show proof of cultivating a particular piece of land.

Source Link- http://indianexpress.com/.

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