Farmers to Get Subsidy Directly

HYDERABAD: The state government has agreed to disburse online the input subsidy directly into the bank accounts of farmers, whose crops have been damaged by more than 50 percent of the normal

Published: 10th April 2012 03:33 AM  |   Last Updated: 16th May 2012 07:25 PM   |  A+A-

HYDERABAD: The state government has agreed to disburse online the input subsidy directly into the bank accounts of farmers, whose crops have been damaged by more than 50 percent of the normal yield, due to natural calamities in the year 2011.

This direct remittance will enable speedy access of the input subsidy and would be accountable and transparent. In this connection the government has issued instructions to district collectors (except Hyderabad) to hold special district-level bankers consultative committee meeting along with agriculture department officials and others concerned, to ensure that every farmer who is eligible for input subsidy shall have a functional bank account. And those who do not have bank accounts would be permitted to open "no frills" accounts, as per guidelines of central government and RBI.

The agriculture and cooperative department will have to ensure that all payments are to be made only through e-transfer.

Further the department has to monitor progress of opening of bank accounts, collection of details of farmers' accounts already opened, etc.

They also have been instructed to send a factual report for all 22 districts to revenue department (disaster management) on or before April 30, 2012.

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