This is the highest-ever aid package being distributed to the farmers. The plan is subject to approval by the National Planning Commission and the Ministry of Finance, they said.
"The assistance will be issued in the form of immediate cash grants and subsidies on agricultural inputs," said Suroj Pokhrel, secretary at the Ministry of Agricultural Development.
"The money will be transferred directly to the bank accounts of farmers who have suffered losses," he said.
The grants will be distributed through the District Disaster Relief Committees (DDRC) led by the respective Chief District Officers (CDOs) after assessing the number of farmers affected by the floods.
"Providing relief is the government's duty. Relief is also the lawful right of the farmers," Agriculture Minister Ram Krishna Yadav said.
The country suffered record floods following torrential rains from August 11-14 that claimed 157 lives and left 30 districts flooded.
Nearly 43,406 houses were completely destroyed and thousands more partially damaged, according to a report released by the ministry.
Under the proposed aid scheme, the ministry has set aside Rs 213.5 million, the largest chunk of the budget, to distribute urea fertiliser for top dressing of the paddy crops in flood-hit areas.
The ministry has allocated Rs 126 million for the construction of market infrastructure in 17 districts.
Similarly, Rs 67.2 million has been allocated for distributing soil conditioner in 18 districts.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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