Special package of ₹1,033.60 crore for flood-hit farmers launched
GS3Economy · S&T · Environment · Security· MSP, procurement, PDS & food security· Prelims + Mains·
Why in news
The Karnataka government launched a ₹1,033.60 crore additional subsidy package to compensate 14.24 lakh farmers for crop losses caused by heavy rainfall and flooding.
Background
The Karnataka government announced a ₹1,033.60 crore package to compensate farmers for monsoon-related flood damage. The compensation per hectare was increased from ₹8,500 to ₹25,000, depending on land type and crops.
Facts for Prelims
- FactTotal subsidy package amount: ₹1,033.60 crore
- FactTarget beneficiaries: 14.24 lakh farmers
- FactIncreased compensation rate: ₹25,000 per hectare
- BodyAn inter-departmental team was established by the Centre to assess damage
For Mains
Q. Discuss the effectiveness of state-led compensation schemes in mitigating the impact of climate-induced disasters on the agrarian economy.
Dimensions to cover in your answer
- Assessment bottleneck: Delays in damage appraisal by inter-departmental teams affecting timely relief
- Fiscal sustainability: Balancing high per-hectare compensation payouts with state budgetary constraints
- Climate vulnerability: Need for transition from reactive compensation to proactive crop insurance
Keywords: climate-resilient agriculture · disaster relief · agrarian distress · fiscal federalism · crop loss mitigation
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