Excelsior Correspondent
JAMMU, Mar 30: Minister for Horticulture, Abdul Rehman Veeri today informed the Lower House that loss assessment of September 2014 floods has been done, adding that due to rains and floods the crop/fruit area of about 6.48 lakh hectare got affected in varying degrees in the State causing loss to the tune of Rs 5611.65 crore.
Replying to a question by Syed Farooq Ahmed Indrabi, the Minister informed that Government has recommended sanctioning of ex-gratia relief of Rs 2806 crore to the Centre in favour of agriculture growers/ orchardists, which is 50% of the actual loss these growers have suffered.
He said that Finance Minister in Budget 2015-16 has proposed to waive off 50% of the KCC loans for the smallest and most vulnerable farmers who have an outstanding balance of less than Rs one lakh, adding that for the purpose an amount of Rs 150 crore has been earmarked.
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