Govt to provide upto 65 percent subsidy to flood-hit paddy farmers
KATHMANDU: The government has decided to give up to 65 percent in subsidy to paddy farmers for the loss they incurred from the recent flooding.
A meeting of the Council of Ministers held on Thursday took a decision to dole out subsidy amounts to the farmers by classifying the farmers into small, medium and large groups based in the area of farming.
According to the government spokesperson and Minister for Communications and Information Technology Gyanendra Bahadur Karki, farmers would be given a subsidy upto 65 percent of the total loss for the paddy farming done in 10 katthas or an equal area of the land plot.
Likewise, farmers involved in paddy farming from 10 katthas to three bighas of land would be provided a maximum of 30 percent in subsidy while the farmers doing farming in more than three bighas of the plot would be given a maximum of 20 percent of the loss.
Minister Karki said that the government announcement on subsidy would be given by fixing the minimum support price of the paddy.
For this, a task force comprising secretaries at the Office of the Prime Minister would submit the required procedure within five days for approval.