The Government may soon announce Direct Benefit Transfers (DBT) worth Rs 4,000/acre per season and interest-free crop loans up to Rs 1 lakh for each farmer in immediate two-fold relief to them.
The initiatives will cost the government Rs 2 lakh crore towards DBT and Rs 28,000 to 30,000 crore towards interest grant, which is almost Rs 2.3 lakh crore on an annual basis. Moreover, Rs 70,000 fertiliser subsidy scheme will be included in the scheme to make it achievable. Few other smaller schemes can also get subsumed.
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