Thiruvananthapuram, Mar 15, 2013: ?The eighth session of the 13th Kerala legislative assembly began on Friday morning, with presentation of the state budget for the year 2013-14 by Finance Minister KM Mani.
The new budget focuses on agriculture, with funds allotted for tapping renewable energy.?Mani said that interest dues on loans taken by farmers from cooperatives as on March 15 would be written off.
Earmarking Rs 50 crore for the proposal, he said that in future, interest-free loans would be made available to farmers with holding of less than a hectare. Other agriculture loans would carry interest of up to four per cent. However, the liabilities would be taken over by the government in case of death of the farmer.
Comprehensive crop insurance would be drawn up to cover various crops. A sum of Rs 12 crore would be set apart to promote organic farming.?Hi-tech farming would be extended to municipal and corporation areas.?The Finance Minister also announced increase in welfare pensions for agriculture workers, widows and other groups.
Source: http://asianetindia.com/kerala-budget-focusses-on-agriculture/
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