Officials from power, water resource, rural development, food and fertiliser ministries, among others were also present in the meet.
"We will offer subsidy on diesel, power and seeds to farmers like last year to deal with drought-like-situation," Singh said after the meeting.
The Minister said the government is fully prepared to face drought-like situation. A nodal officer has been appointed in every departments to deal with deficient monsoon situation.
According to sources, the Centre may continue Rs 10 per litre diesel subsidy this year as well.
The subsidy on seeds could be up to 50 per cent under different schemes, they added. Similarly, free power could be given to farmers for irrigation.
On June 2, the Met Department revised its forecast from 93 per cent to 88 per cent Long Period Average (LPA), with north-west region of the country expected to be hit the most.
Last year, the country had received 12 per cent less rains, which hit production of grains, cotton and oilseeds. Growth of agriculture and allied sectors stood at mere 0.2 per cent in the 2014-15 fiscal.

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