Prime Minister Narendra Modi held a meeting to review the monsoon situation and implementation of the Food Security Act.
The meeting, which lasted for more than 2 hours, was attended by Finance Minister Arun Jaitley, Home Minister Rajnath Singh, Food Minister Ram Vilas Paswan and the Agriculture Minister.
"Discussions were held on food security Act and drought situation," Agriculture Minister told reporters here after the meeting.
The Agriculture Ministry and the Met department briefed the Prime Minister about the progress of monsoon in the country and ongoing sowing operations of the Kharif crops including paddy.
Stating that the situation does not look as bad as it was expected, the minister said: "Even if the situation gets bad due to below normal monsoon, we are fully prepared to tackle it."
The country has received 45 per cent less rainfall in the first spell till June 17. Met department has fore casted monsoon to be below normal at 93 per cent of the long period average.
Asked about financial package to deal with bad monsoon, Singh said: "We are consulting with various ministries on the issue and then will move a proposal to Cabinet".
The minister informed that states have been asked to keep aside 10 per cent of funds available under Rashtriya Krishi Vikas Yojana (RKVY) for undertaking appropriate interventions to mitigate drought like situation, if any, arising out of deficient rainfall.
Till last week, rice had been sown/transplanted in 7.59 lakh hectare, pulses in 2.60 lakh hectare, oilseeds in 1.23 lakh hectare and coarse cereals in 12.29 lakh hectare.
States have to identify the eligible beneficiaries within one year after the commencement of the Act. So far, only 11 states have implemented the law.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
