This would not only helps ryots but also help in increasing the agriculture output.
Speaking to media persons here, he said Government was giving around ` 170 crore as agriculture loan every year. This amount needs to be increased by mobilising resources from other sources.
Already, the government had mobilised over ` 1,000 crore as market cess from APMCs and the same money could be distributed among farmers instead of diverting the same towards the revolving fund. Chandrashekar said according to an estimate, multi national companies and private companies are planning to invest ` 50,000 crore in agriculture sector.
In the wake of this, the government is planning to distribute thousands of land to them.
This would be detrimental to the agriculture sector.
As many as 16,000 hectare land belongs to department of horticulture. The government had already given around 4,000 hectares of horticulture land to private companies.
The KRRS would strongly oppose this move and is planning to hold district-level protests in the coming days.
On the complaints of fund raising, he said action would be initiated against those who were into it.
Published 01 February 2011, 15:48 IST