Karnataka Raitha Siri Scheme| Raitha Siri Scheme Karnataka| Karnataka loan waier Raitha Siri Yojana 2020|Raitha Siri Scheme|
Karnataka govt. has announced a new scheme named Raitha Siri in recent Budget 2019-2020. Under this Raitha Siri Scheme in Karnataka, the state govt. will provide Rs. 10,000 per hectare to all the millet growers.Kumaraswamy govt has allocated Rs 250 crore subsidy for Krushi Bhagya Scheme for construction of farm ponds to provide conserved water to dry land farmers.
Kumaraswamy also claimed that Rs 5,450 crore has been released as part of the coalition government’s flagship farm loan waiver scheme in July 2018.A grant of Rs 6,500 crore for waiver of loans of farmers with commercial banks and a grant of Rs 6,150 crore for farmers with loans in cooperative bank was announced. A total of Rs 46,853 crore to the agriculture-related departments is in the budget.
Raitha Siri Scheme 2020
CM has also announced Raith Kanaja Scheme and Gruhalaxmi Crop Loan Scheme for the welfare of farmers. Raitha Kanaja Scheme in Karnataka is going to provide minimum support price to 12 notified farm produce. Under Gruhalaxmi Crop Loan Scheme, farmers can avail loans at just 3% interest on mortgage of loans.
The state govt. of Karnataka expects the Gross State Domestic Product (GSDP) to grow a bit slower than the previous financial year due to prevailing drought situation.Rs. 250 crore subsidy for Krushi Bhagya Scheme to construct farm ponds to provide conserved water to dry land farmers.Rs. 40 crore has been allocated to continue Zero Budget Natural Farming (ZBNF).The state govt. has allotted Rs. 35 crore to encourage organic farming.Rs. 145 crore to adopt Israel model of micro irrigation system to grow crops profitability with minimum usage of water.
Karnataka Gruhalaxmi Crop Loan Scheme
- Assistance of Rs. 7,500 per hectare to motivate farmers to cultivate paddy under Karavali Package Scheme with allocation of Rs. 5 crore.
- Karnataka govt. also announced a special package of Rs. 150 crore to improve economic condition of grapes and pomegranate growers.
- The state govt. of Karnataka has launched Raitha Siri Scheme to promote millet farming. In the Karnataka Budget 2019-20, millet growers were the main focus of the state government.
Now all the millet growers will get cash incentive of Rs. 10,000 per hectare. This amount is to be given through Direct Benefit Transfer (DBT) mode directly into the bank accounts of the millet farmers.In the current FY 2019-20 year, GSDP is expected to grow at 9.6% against 10.4% in 2017-18. However, industrial sector is expected to grow to 7.4% from 4.7% last year. Moreover, the services sector is expected to remain flat at 12.3% which is same as the last fiscal year.
Karnataka Raitha Siri Yojana 2020
The state govt. has also announced Rs. 5,500 crore for crop insurance, 50% subsidy for agri-startup entrepreneurs and special package worth Rs. 150 crore to improve condition of pomegranate and grape growers. Karnataka govt. has also announced Raitha Siri Scheme to provide Rs. 10,000 per hectare to millet growers to promote millet farming.