Mr Rao made the announcement at an interaction with a group of farmers who had come over to felicitate him for delivering on his poll promise to waive farm loans for 36 lakh farmers. The state government had released the last instalment of Rs 4000 crore for this scheme just two days earlier.
"There are about 55 lakh farmers in the state who are using 25 lakh tonnes of fertiliser. The government will give them Rs 4000 per acre to each for the procurement of fertiliser," a statement from the Chief Minister's Office said, quoting Mr Rao. The money will be deposited into the bank account of farmers every year before the Kharif season in May-end.
But the financial assistance will start flowing into the bank accounts of the farmers only from May 2018.
KCR, however, was dismissive of any attempt to link the latest announcement to the elections; the Chief Minister said he was only fulfilling his election promises.
BJP spokesperson Krishna Saagar Rao said the Chief Minister should implement the scheme right away if the plight of farmers, and not the next assembly elections, had motivated the government to come up with the scheme.
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