So far in the current fiscal year 2020-21, the Ministry of Agriculture has distributed incentives worth Tk 362 crore among about 57 lakh farmers. The total amount of land under the incentive program is 23 lakh 64 thousand bighas.
This information was given in a press release of the Ministry of Agriculture on Monday. It said the incentives were given to cope with the epidemic and to compensate for the damage caused by the floods and increase production. The incentives include various agricultural inputs including seeds, seedlings, fertilizers and ancillary assistance. This incentive is distributed from the regular budget of the Ministry of Agriculture for the allocation of agricultural rehabilitation assistance sector.
Out of Tk 362 crore, incentives of Tk 112 crore have been given to compensate for the damage caused by Corona and floods. Incentives of Rs 90 crore have been given to increase the production of masakalai, mug, sunflower, mustard, maize etc. in Rabi season. In addition, incentives of Tk 138 crore have been distributed for free seed support to increase the planting and production of boro paddy, Tk 25 crore for increase in onion production and Tk 9 crore for simultaneous hybrid boro paddy cultivation in 61 districts.