 statement of objects and reasonsours is a very vast country and natural calamities do occur in one part or the other very frequently for instance andhra pradesh sometimes is devastated by cyclones and this time floods have overtaken the state drought has become a perpetual phenomena in many parts of the state and last year as many as 22 districts were reeling under droyght similarly assam is flooded every year, coastal areas in the country face cyclones, orissa is devastated by cyclones as well as severe drought every year half of bihar is flooded and other half is drought prone, madhya pradesh chhathisgarh, gujarat, rajasthan, parts of maharashtra, uttar pradesh face the wrath of drought consistently many parts face earthquake, hailstorm, cloudbursts and other natural calamities however the farming community mostly bear the brunt of such natural calamities as more than 70 netcent of our population lives in villages and depends on agriculture the crop is damaged by almost all the natural calamities with this the hopes of the farmer and his family are dashed thereafter he is hounded by the moneylenders and others to get back their money which the farmer had taken as loan with the hope that he will repay it after reaping the harvest even banks do not spare the poor farmer many a times apart from losing the crop the farmer also loses his livestock, household items and even his dwelling unit and thus becomes homeless many unfortunate even lose their lives unable to face the harsh realities of life many of them take the extreme step of committing suicide which is a blot on our democracy such suicides have taken place many a times in andhra pradesh, maharashtra, madhya pradesh etc and even in punjab ours is a welfare state and it is the duty of the state to protect the interests of our farmers who grow food for the entire nation and come to their rescue at times of distress the government should give them adequate compensation so as to enable them to face the effects of calamity banks and financial institutions should come forward to give them soft loans so that they are not exploited by moneylenders the farmers must feel that the nation is behind them hence this bill dr dasari narayana rao financial memorandumclause 3 provides for the establishment of farmers natural calamity assistance fund clause 4 provides for the appointment of commisioners the bill, if enacted, will involve expenditure from the consolidated fund of india it is estimated that a sum of rupees five hundred crore may involve as recurring expenditure per annum a sum of rupees ten crores may also involve as non recurring expenditure memorandum regarding delegated legislationclause 14 of the bill empowers the central government to make rules for carrying out the purposes of the bill the rules will relate to matters of details only the delegation of legislative power is of normal character