Andhra Pradesh agriculture budget -2014 highlights

Hyderabad: Pattipati Pulla Rao, the Agriculture Minister of Andhra Pradesh, presented the first agriculture budget in the state assembly, on Friday. Simultaneously, the agriculture budget was introduced in the state council by Devineni Uma. Special agriculture budget is unique of its kind and the Andhra Pradesh state government has inspired from Karnataka state, reportedly. The following are the highlights of the agriculture budget:

• Allocation of Rs 5,000cr for crop loan waiver
• Allocation of Rs 212 Cr for calamity relief
• 62% people are dependant on agriculture in Andhra Pradesh
• Planned agriculture budget amounts to Rs 6375cr
• Budget beyond planned expenditure in agriculture amounts to Rs 6374cr
• Reduced rates of crop loan interest for loan amounting 1L to 3L @0.25paisa
• Rs 212cr budget allocation for rebate in supply of seeds
• Interest free loan for crop loans below RS 1L
• Rs 192cr allocation for NG Ranga Agriculture University
• Rs 90 cr allocation for modernising agriculture
• Rs 34cr allocation for Horticulture University
• Rs 30.61cr allocation for Horticulture University
• Rs 122cr allocation for silk industry
• Rs 156cr allocation for ACDC