NITI Aayaog: KCR seeks tax incentives for fast-growing States

Vastavam web: Addressing the NITI Aayog meeting Telangana Chief Minister KCR sought tax incentives for fast-growing States if not additional funds, to encourage them to do a good job while seeking devolution of more sectors to the States such as health, urban development, agriculture and rural development which could be better handled by the States. He said further focus on agriculture and allied activities as an integrated sector and dairy, poultry, goat and sheep rearing, and fisheries must be made and the sectors must be exempted from income tax.

Explaining the benefits of the ‘Rythu Bandhu’ Scheme launched by his Government, KCR said by providing Rs 4,000 per acre per crop as agriculture input insistence, more than 98 per cent small and marginal farmers of the State their lives had been transformed. One important point in farm reforms was to initiate a system that would provide clear title records of the land, he said explaining the exercise that his Government had launched. He also explained the ‘Rythu Bhima Yojana’ to be launched for farmers insuring each farmer for Rs 5 lakh with the State Government paying the premium cost of Rs 1,000 per annum.

He also explained methods for completing mega irrigation projects without time and cost overruns citing Kaleshwaram project example. The State had constructed 356 agricultural godowns in the past three years with a storage capacity of 18.30 lakh MTs at a cost of Rs 1,050 crore in addition to 170 godowns already existing.Such measures to mitigate the troubles of farmers and other segments of the society must be encouraged and welcomed by the Centre so that all people benefit, he advised.