Punjab cabinet enhances crop compensation by 25 percent at Rs.15000 per acre

Chandigarh: In a major pro-farmer decision aimed at safeguarding their interests during natural calamities, the Punjab Cabinet led by Chief Minister Bhagwant Mann on Friday gave nod for hiking the compensation due to nature’s fury by 25% per acre thereby giving a major respite to the food growers.

A decision to this effect was taken by the council of Ministers in its meeting held here at the Punjab Civil Secretariat- I under the chairmanship of the Chief Minister.

Divulging more details a spokesperson of the Chief Minister’s Office said that keeping in view the loss incurred by the farmers recently due to heavy rains, hailstorms and strong winds, the Cabinet has decided to enhance the relief amount from Rs.12,000/- per acre to Rs.15,000/- per acre for 76-100 percent for loss of crops. This measure will give a healing touch to the affected farmers who will be able to get a reasonable financial relief from the government. These relief rates will be applicable from March 1, 2023.

Nod to extend exemption of 2.25% stamp duty and fees land registration by April 30

Keeping in view the larger public interest, the Cabinet also gave its consent to extend the exemption of 2.25% stamp duty and fees to those registering their property/land by April 30. Those opting for registration of land will now be exempted from 1% Additional stamp duty, 1 % PIDB fees and 0.25 % special fees.

The Cabinet also gave approval for hiring 2574 Kisan Mitras and 108 field supervisors in the Agriculture department. These Kisan Mitras and Field Supervisors will encourage the farmers to get out of the rut of wheat/ paddy circle and cultivate less water guzzling crops like Cotton and Basmati. This step will act as a catalyst to save precious groundwater of the state by boosting crop diversification program on one hand and providing employment to the youth of the state on the other.