Discussing the Crop and Livestock Compensation Trust Fund during the meet the press session yesterday, the prime minister said that a 50 per cent subsidy would cost the government over a billion ngultrum. Full compensation would cost around Nu 3bn, which according to the prime minister, is not feasible due to budget constraints.
In the Agriculture and Livestock Ministry’s insurance scheme, the government will cover 50 per cent of the compensation with affected farmers bearing the remaining 50 per cent.
The prime minister added that the scheme will start as a pilot project this year after establishing the necessary policies, rules, and regulations. The National Assembly approved the establishment of the trust fund last week.
𝗕𝘂𝗱𝗴𝗲𝘁 𝗰𝗼𝗻𝘀𝘁𝗿𝗮𝗶𝗻𝘁𝘀 𝗹𝗶𝗺𝗶𝘁 𝗳𝘂𝗹𝗹 𝗰𝗼𝗺𝗽𝗲𝗻𝘀𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗳𝗮𝗿𝗺𝗲𝗿𝘀, 𝘀𝗮𝘆𝘀 𝗣𝗠Discussing the Crop and Livestock Compensation Trust Fund during the meet the press session yesterday, the prime minister said that a 50 per cent subsidy would cost the government over a billion ngultrum. Full compensation would cost around Nu 3bn, which according to the prime minister, is not feasible due to budget constraints.In the Agriculture and Livestock Ministry’s insurance scheme, the government will cover 50 per cent of the compensation with affected farmers bearing the remaining 50 per cent.The prime minister added that the scheme will start as a pilot project this year after establishing the necessary policies, rules, and regulations. The National Assembly approved the establishment of the trust fund last week.#thimphu #bbs #news #asia #druk #media #bhutan #bhutanese
Posted by BBS on Saturday, June 29, 2024
