ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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MAHARASHTRA- The Programme that Crashed

October 10, 1974 MAHARASHTRA The Programme that Crashed IN August 1972, anticipating a possible decline of 15 inn tonnes in the kharif crop following widespread failure of rains, the Central government launched the Emergency Agricultural Production Programme (EAPP), popularly known as the rabi crash programme. Under this programme, the Maharashtra government submitted to the Centre 13 schemes involving a total expenditure of Rs 50.66 crores. The Centre sanctioned 10 of these schemes together with a medium-term loan of Rs 24.96 crores for them. In addition, Maharashtra was sanctioned a short-term loan of Rs 16 crores for seeds and fertilisers. Thus the state was sanctioned Rs 40.96 crores by the Centre under the crash programme. In his budget speech on February 19,, 1973, Maharashtra's Minister of Finance claimed with pride that "the state government was quick to take advantage of [the crash] programme and secured the lion's share of it".

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