Telangana's Rythu Bharosa Scheme: Rs 9,000 Crore Allocated for Farmer Support
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Hyderabad, March 22 (NationPress) The Telangana government has earmarked a substantial amount of Rs 9,000 crore under the Rythu Bharosa scheme aimed at offering financial support to farmers cultivating on 1.50 acres of land.
During a public gathering in Narmeta, Siddipet district, Chief Minister A. Revanth Reddy unveiled the first tranche of Rs 3,590 crore on Sunday.
As Sunday is a designated holiday, farmers will see the funds reflected in their bank accounts on Monday.
The Chief Minister further announced that the second tranche of Rs 2,650 crore will be disbursed within the upcoming 20 days, with the remaining Rs 2,760 crore to follow suit shortly after.
This initiative provides farmers with an annual input subsidy of Rs 12,000 for each acre, benefiting approximately 70 lakh farmers.
Despite facing financial challenges, the Chief Minister affirmed the government's commitment to continuing welfare initiatives for farmers.
He highlighted that while the prior administration allocated Rs 2,533 crore monthly for farmer welfare, the Congress government has increased this expenditure to Rs 5,500 crore each month over the past 28 months.
Revanth Reddy expressed the government's vision of ensuring joy among farmers through various welfare schemes, including the provision of a fair price for their agricultural products.
According to him, a prosperous state should not witness farmers in distress.
Additionally, the government is extending compensation to farmers facing crop losses.
He remarked, "The people's government has committed over Rs 1 lakh crore towards farmers' welfare within a mere two years."
The Chief Minister also shared that Telangana has achieved the status of the leading state in the nation for paddy production.
This season, the state has procured 71 lakh tonnes of paddy, although he noted that the Central government is limiting its procurement to 50 lakh tonnes.
Reiterating the necessity for agricultural reform, he urged farmers to embrace crop diversification.
He reminisced about the past when different regions cultivated specific crops suited to their localities.
“It is essential to motivate farmers to grow a wider variety of crops beyond just paddy. Comprehensive plans must be developed to support this transition,” he stated.
Revanth Reddy assured that with the Central government’s cooperation, the state will guarantee profitability for the crops cultivated by farmers.