Vidarbha Package: Too Little, Too Late
The Rs 3,750-crore package doesn't address some critical issues:
- Interest on outstanding debt from banks has been waived. But the bigger problem of debts to private moneylenders has been ignored.
- Problem of high input costs vis-a-vis Bt Cotton not looked into.
- The Congress' pre-poll promise was to keep the minimum support price at Rs 2,400 per quintal. It has actually come down to Rs 1,700.
- Import duty on cotton stands at 10% while sugar attracts 60%. This has led to huge cotton imports pushing the farmer out of the market.