Andhra Pradesh Government Offers ₹40,000 Lease per Acre to Amaravati Farmers
Andhra CM announces ₹40K per acre lease for Amaravati farmers under LPS
Business Standard
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Andhra Pradesh Chief Minister N Chandrababu Naidu has announced a lease of ₹40,000 per acre for farmers participating in the second phase of the Land Pooling Scheme in Amaravati. The lease will last for ten years, with an annual increase of ₹3,000 and additional crop loans of ₹1.5 lakh per household.
- 01Farmers will receive ₹40,000 per acre for leasing land under the Land Pooling Scheme.
- 02The lease period is set for ten years with an annual increase of ₹3,000.
- 03Each household will be eligible for a ₹1.5 lakh crop loan.
- 04A total of 31,150 farmers have contributed nearly 34,983 acres of land.
- 05The government aims to pool an additional 40,000 acres for infrastructure development.
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Andhra Pradesh Chief Minister N Chandrababu Naidu has announced a ₹40,000 per acre lease for farmers participating in the second phase of the Land Pooling Scheme (LPS) in Amaravati, the state's greenfield capital city. This lease will be valid for a decade and will see an annual increase of ₹3,000. Additionally, the government will provide a ₹1.5 lakh crop loan per household to support the farmers. As of now, 31,150 farmers have contributed nearly 34,983 acres of land, including 1,000 acres from Pedaparimi village. The state has already pooled 54,000 acres in Amaravati and plans to initiate the second phase of LPS for another 40,000 acres starting November 2025. This expansion is essential for infrastructure projects such as an inner ring road, a railway station, and an international sports city.
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This initiative will provide financial stability to farmers in Amaravati, allowing them to invest in their agricultural activities while also supporting local infrastructure development.
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