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Telangana proposes Rs 5 L insurance cover, Rs 12K cr support scheme for farmers

The Telangana government today proposed a Rs 1,74,453.84 crore budget for 2018-19 with major focus on agriculture as it unveiled a Rs 8,000 per acre investment support scheme and a Rs 5 lakh insurance cover for farmers.

March 15, 2018 / 18:49 IST
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A farmer works in a paddy field on the outskirt of Agartala, India, March 7, 2017. REUTERS/Jayanta Dey - RC124552B9F0

The Telangana government today proposed a Rs 1,74,453.84 crore budget for 2018-19 with major focus on agriculture as it unveiled a Rs 8,000 per acre investment support scheme and a Rs 5 lakh insurance cover for farmers.

Irrigation and welfare are the other thrust areas of the budget.

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"The estimated total expenditure in 2018-19 is Rs 1,74,453.84 crore. Of this, revenue expenditure is Rs 1,25,454.70 crore and capital expenditure is Rs 33,369.10 crore," state Finance Minister E Rajender said in his budget speech.

The state revenue is expected to touch Rs 73,751 crore in the current financial year, he said. Agriculture got substantial allocations in the budget.