In a bid to give fillip to flagship programme of crop diversification, chief minister Parkash Singh Badal on Wednesday gave nod for setting up an expert panel to rationalise the existing subsidies in the agriculture sector.
The panel being headed by Punjab State Farmer's Commission chairman GS Kalkat will examine the existing subsidies given to farmers and submit report in a fortnight.
According to a government spokesperson, Badal underlined the need to streamline subsidies to enable the beneficiaries reap maximum benefits from them on one hand and fast track the crop diversification programme.
The CM also asked the agriculture department to work out the modalities for giving subsidised seeds, certified pesticides and agro-chemicals to the cotton growers under the crop diversification programme.
He also increased the existing limit of purchasing farm equipment by the Primary Agriculture Centres (PACs) run by cooperative societies from existing Rs 10 lakh to 15 lakh. He also gave nod to increase the subsidy on the purchase of such implements by PACs, for giving it to the farmers on custom hiring basis, from prevalent 33% to 50% with a maximum cap of Rs 6 lakh.