With drought situation slightly improving following good rains in some states, Agriculture Minister Sharad Pawar on Monday said that a liberalised package for farmers, including rescheduling of farm loans and greater employment, would be unveiled this week.

Pawar, who also holds the food portfolio, said a package for the crisis-ridden sugar industry is on the cards.

"The situation is not that alarming now as compared to a week ago as rains in Maharashtra, Gujarat and parts of Rajasthan have improved the farm scenario," he told reporters.

Pawar, who reviewed the situation with Prime Minister Manmohan Singh on Sunday night, asserted that states facing scarcity conditions would not be left bereft of resources and would be provided adequate assistance including food grains.

Under the liberalised package, the Centre has proposed to provide fresh credit to farmers with assistance from the states and putting a two-year moratorium on the earlier loans taken by them.