The Andhra Pradesh government has offered a series of sops to farmers of Amaravati, including enhanced annuity payment and waiver of crop loans up to ₹1.5 lakh, for the second phase of land pooling as part of the expansion of the capital city region.
Andhra Pradesh Chief Minister N Chandrababu Naidu announced these sops at a meeting with farmers of Tadikonda and Pedakurapadu constituencies at his Undavalli residence on Friday night.
Under the agreed terms, the state government will increase the annuity payment from ₹30,000 per acre per year to ₹40,000 per acre per year, and will pay this annuity to farmers for a period of 10 years.
The government will also increase the annuity by ₹3,000 every year. Additionally, the chief minister approved waiver of agricultural loans up to ₹1.5 lakh per farmer.
The second phase of land pooling proposes to acquire 16,666.57 acres for developing key capital infrastructure, including the proposed railway station, sports city, airport, smart city, and the inner ring road.
The APCRDA has identified seven villages where land pooling and acquisition will be undertaken.
