Tk 372cr stimulus for 57 lakh farmers

BSS, Dhaka

To offset food production loss emerging from global corona virus pandemic alongside the devastating flood occurring last year, the government so far has distributed incentives of Taka 372 crore among 57 lakh farmers across the country in the current fiscal year.

“The Agriculture Ministry has so far distributed Taka 372 crore among 57 lakh farmers in 2020-21 fiscal year for increasing crop production as floods and global corona outbreak have created negative impact on country’s food production,” an official release said Monday.

The incentives have been disbursed from agriculture rehabilitation allocation under regular budget of the agriculture ministry. “Various farm ingredients and necessary assistance including seed, seedlings and fertilizer remain part of the incentives,” the release added.

Of the total Taka 372 crore, Taka 112 crore has been disbursed as incentives for making up crop production loss due to the COVID-19 and the floods. Incentives of Taka 90 crore have been distributed for increasing production of maskalai, mung, sunflower, mustard and Maize.

Besides, Taka 136 crore has been distributed as seed assistance for raising production and cultivation of the Boro paddy, Taka 25 crore for increasing onion production and Taka 9 crore has been given for hybrid boro rice cultivation in 61 districts.