KCR for more funds for farm sector

Image
Press Trust of India Hyderabad
Last Updated : Apr 13 2017 | 12:13 AM IST
Telangana Chief Minister K Chandrasekhar Rao today batted for more budgetary allocation for the farm sector.
"It is high time for the country to have a thorough review of the farm sector....The distress faced by farmers of the country," he said, speaking to reporters here.
"The crop insurance system is not perfect. Of course, the government of India has got an insurance scheme called Pradhan Mantri Fasal Bima Yojana. That is yet to be fully understood by the farmers, by the state governments. It has to be strengthened," he said.
He had been asked if there needs to be a uniform policy across the country on farm loan waiver and related issues.
"Progressive countries provide largest subsidies to the agriculture sector...I earnestly appeal to the Prime Minister to enhance the budget for the farming sector. It is very, very vital sector....I think the Prime Minister is at it," he said.
Telangana government had fulfilled its promise by waiving farm loans of Rs 17,000 crore, Rao said.
To a question, he said demonetisation had been "partially successful", and more needs to be done.
"I think it is partially successful. The scheme is yet to complete. It's under implementation, that is what the Prime Minister also told me. I think it will be further implemented. I think the Prime Minister also made a clear-cut statement in the Parliament to that effect," he said.
"But still, nothing can happen overnight. If a major change is to take place in the country, it takes some time. It is partially successful. I hope it will be successful," he said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 13 2017 | 12:13 AM IST

Next Story