Chief Minister N Chandrababu Naidu told reporters tonight that annual payments to farmers who are part of the land pooling exercise would be made from March 1 this year. Crops can be cultivated in the lands till end of April.
An annual payment of Rs 30,000 would be made to dryland farmers with less than an acre of land, while farmers giving up 'Jereebu' (lands near Krishna river) would get Rs 50,000.
The package also contains some other benefits to farmers and land owners.
The announcement came ahead of the deadline for land pooling which ends on February 28. About 25,000 acres of land have been pooled from farmers in the region so far.
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Earlier in the day, Singapore Minister Shanmugam had a meeting with the Chief Minister. The Singaporean government would help the state prepare plans for the capital, besides other aspects.