POWER

AP all set to introduce agri electricity cash transfer scheme

Andhra Pradesh is set to introduce the Agriculture Electricity Cash Transfer Scheme from the 2021-22 financial year that will virtually do away with the free power supply to the farm sector, though the government maintained that it will foot the entire bill amounting to about Rs 8,400 crore per annum.

The government will install smart meters to all agricultural power connections as part of the Centre-suggested reforms that it agreed to implement for a two per cent hike in FRBM Act borrowing limit that will entail an additional loan of about Rs 20,000 crore to the state during the current fiscal, highly-placed official sources said.

The state government will have to spend an estimated Rs 1,500 crore to install smart meters to the agriculture power connections.

Source
ET Energy Wolrld
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