New Delhi: The Centre is likely announce direct benefit transfer worth Rs 4,000 per acre per season plus interest-free crop loan up to Rs 1 lakh per farmer in an instant two-fold relief to the farmers, sources in the know told BusinessToday.in.
The initiatives will cost the Centre Rs 2 lakh crore towards DBT and another Rs 28,000-30,000 crore towards interest subvention, adding up to nearly Rs 2.3 lakh crore on an annual basis. At least the Rs 70,000 fertiliser subsidy will be subsumed into the scheme to make it possible. Some other smaller schemes may also get subsumed. Having lost three crucial state elections to arch rival Congress in December, the ruling BJP-NDA is in hyper-active mode to appease the aggrieved farmers.