Presenting a separate agricultural budget, MRK Paneerselvam, the state agriculture minister of Tamil Nadu, said on Saturday that the state government has allocated an amount of Rs 2,399 crore as part of the premium subsidy for continuously implementing a crop insurance scheme during 2022-23.

The government of Tamil Nadu said on Saturday that in order to provide free electricity to all farmers in the state, an amount of Rs 5,157.56 crore will be provided to Tamil Nadu Generation and Distribution Cooporation (TANGEDCO), for the fiscal year 2023.

Presenting a separate agricultural budget, MRK Paneerselvam, the state agriculture minister of Tamil Nadu, said on Saturday that the state government has allocated an amount of Rs 2,399 crore as part of the premium subsidy for continuously implementing a crop insurance scheme during 2022-23.

Despite the severe financial crisis, the state government continues to implement the crop insurance scheme to protect farmers from crop losses due to adverse natural disasters. Due to the continuous efforts of the state government, an amount of Rs 2,055 crore has been paid out to 9.26 lakh farmers as compensation for the year 2020-2021.

The Government of Tamil Nadu pays special attention to increasing the acreage of micro-irrigation on a cluster basis, providing 100% subsidy to small and marginal farmers and 75% subsidy to other farmers. The scheme will be implemented in an area of ​​2,50,000 acre at an outlay of Rs 960 crore with the Union and state fund, he said.

In order to meet the need of the farmers and increase their income by various components, this government will introduce a new scheme this year, which is the State Agricultural Development Scheme, with a total allocation of Rs 71 crore. To support small and marginal farmers in the Planned Castes and Planned Tribes categories, an additional 20% subsidy will be allowed on top of the existing subsidy rate.

Tamil Nadu will establish village-level value addition and marketing centers to help small and marginal farmers of Tamil Nadu so that they can earn additional income as they add value locally. The state government will take money from NABARD.

Such centers will be established in 38 villages for a total expenditure of Rs 95 crore, mainly cultivating millet, pulses, oilseeds and vegetables, by giving priority to those regions where the millet mission is carried out. In addition to the construction of a storage area, these centers also create facilities for cleaning, sorting, packaging and adding value.

With the aim of learning, cultivating and earning, the state government will establish Agricultural Market Intelligence and Farmer Advisory Centers in 15 districts such as Kallakurichi, Salem, Tirupattur, Tirunelveli, Tenkasi, Kancheepuram, Nagapattinam, Perambalur, Vellore, Chengalpattu, Ramanathapuram, Namakkal, Tiruppur, Ranipet and Ariyalur at an expense of Rs 1,650 crore in 2022-23 under the Union and State Fund.

While congratulating the state’s full-fledged agricultural budget with a total allocation of 33,007.68 crore, A Sakthivel, president of the Federation of Indian Export Organizations, said the welfare measures announced in the budget will go a long way towards making Tamil to make Nadu a welfare state. by achieving the benefits for all cross-sections, including the weakest of the weaker parts.


This post Tamil Nadu reserves Rs 5,157 crore for FY23 to provide free power to farmers was original published at “https://www.financialexpress.com/economy/tamil-nadu-earmarks-rs-5157-crore-for-fy23-for-providing-free-power-to-farmers/2465391/”

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