Karnataka announces Rs 2,500 subsidy for drought-hit farmers

Karnataka Deputy Chief Minister G Parameshwara announced immediate relief for farmers hit by drought, offering Rs 2,500 as input subsidy to each farmer. The initial aid is aimed at supporting 45-50 lakh farmers and will cost the state Rs 1,250 crore.

Parameshwara stated that further assistance will be contingent on the Union government's response and formal assessments of the drought situation in the state. Total drought losses in Karnataka are projected to exceed Rs 40,000 crore, with additional relief measures expected to follow.