Modi govt’s new plan for the farmers, churning on these options

New Delhi: There are few days left in the beginning of 2019and this year is considered to be very important for the Modi government.Actually, Lok Sabha elections are going to be held in a few months and it isnot less than any trials for the Modi government. In such a situation, beforethe election, the government can announce many big plans to woo farmers.

Discussion on Rythu Bandhu scheme of Telangana

According to the reports the Modi government is exploring the possibility of providing some help to the farmers to improve income. For this, it is being considered for implementing Telangana’s ‘ Rythu Bandhu scheme’ in a big way across the country. Under the ‘ Rythu Bandhu scheme’, i.e. Farmer Mitra Yojana, the Telangana Government gives Rs. 4000 per acre to the farmers per crop year. That is, the farmers of Telangana get Rs 8000 per acre per year. Last year, the state government spent Rs 12,000 crore on this scheme.

According to the report, this scheme can be announced in the interim budget of 2019-20 or after the conclusion of the winter session. Apart from this, the small and marginal farmers can be included in the first phase. Let you know that there are about 9 to 11 core small and marginal farmers all over the country. Earlier on the lines of Telangana, the governments of Odisha and Jharkhand have also announced to implement the scheme like the Rythu Bandhu.

Thoughts on these options too!

Apart from this, churning continues on many options to provide relief to the farmers. According to the report, discussions have also been discussed between the various ministries and officials of the Modi government to provide free crop insurance to small and marginal farmers and some modifications in the borrowing schemes. Under the Prime Minister’s Crop Insurance Scheme, the premium is charged at the rate of 2 to 5 per cent for different crops from the farmers under the scheme.

It is reported in the report that on the plan to provide income to the farmers, the initial estimate of the burden on official treasury is to be about 600 to 700 billion rupees. What is the share of central and state in the total expenditure in this scheme is being considered.