The Punjab Government on Saturday announced a relief package of ₹416 crore to compensate farmers whose cotton crop has been damaged due to the pink bollworm attack.
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The package was announced by state agriculture minister Randeep Nabha and revenue minister Aruna Chaudhary at a press conference in Chandigarh.
After ascertaining the ground reality, it has been decided that farmers facing a loss of 26% to 36% of cotton crop damage would get ₹2,000 per acre, whereas those whose crop has been lost up to 74%, would get ₹5,400 per acre.
The ministers said farmers with 76% to 100% damage would get a compensation of ₹12,000 per acre.
This money will be directly transferred to the affected farmers, the ministers added.