Tamil Nadu government plans to give ₹14,000 crop loan; ₹1,500 for allied activities through co-operative societies
The Hindu
The Minister who presented the Agriculture Budget in the Tamil Nadu Assembly announced allocation of ₹500 crore to provide incentive at the rate of ₹100 and ₹75 per quintal for fine and bold varieties respectively.
The Tamil Nadu government will give ₹14,000 crop loan to farmers through co-operative societies besides ₹1,500 crore for other allied activities such as goat rearing, dairying, poultry and fisheries, in 2023-24, Minister for Agriculture and Farmers’ Welfare M. R. K. Panneerselvam said, on March 21.
The Minister who presented the Agriculture Budget in the Assembly announced allocation of ₹500 crore to provide incentive at the rate of ₹100 and ₹75 per quintal for fine and bold varieties respectively.
He said that in 2022-23 kharif marketing season, 27.23 lakh tonnes of paddy were procured from 3,73 lakh farmers and ₹5,778 was disbursed so far.
Another announcement made by the Minister was allocation of ₹500 crore with the assistance of NABARD to buy agriculture machinery through Primary Agricultural Co-Operative Credit Societies (PACCSs). The machines will be available in every village and will be hired out through e-Vaadagai app to farmers.
Recalling the announcement in the previous Budget about the declaration of areas between Tiruchi and Nagapattinam as Agro Industrial Corridor, the Minister said a detailed report had been prepared to set up the Corridor so as to enhance the income of farming families and to create employment opportunities.
He said a regional startup hub would be created in Thanjavur by the Tamil Nadu Startup and Innovation Mission to promote agro-technological innovations in Cauvery Delta region.
“Through the agro industrial corridor, projects of various sectors related to agriculture will be coordinated and effectively implemented at an outlay of ₹1,000 crore in the next five years,” he added.
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