Agriculture allocation including 'Market Intervention Fund' made in Telangana to help farmers


Date & Time: 2020-03-31 18:04:32

In a first, the Telangana government allocated Rs 1,000 crore as ‘Market Intervention Fund’ to prevent farmer distress. HYDERABAD: With farmers in the State failing to get remunerative prices for red gram despite having a bumper crop this year, the Telangana government, in a first, has allocated an amount of Rs 1,000 crore as ‘Market Intervention Fund’, in a bid to prevent farmer distress during the procurement of crops.  Finance Minister Harish Rao, in his budget speech on Sunday, said, "The Union government had permitted the purchase of a small quantity of red gram from farmers. With the intention to protect red gram farmers, the Telangana government has decided to spend any amount of money to purchase the entire produce, if the need arises."