Have Rs 8,284 Crore Been Credited to Telangana Farmers’ Accounts Under Rythu Bharosa?
Click to start listening
Synopsis
The Telangana government has made significant strides in supporting its farmers through the Rythu Bharosa scheme, recently crediting over Rs 8,284 crore. This investment initiative aims to empower farmers financially, especially ahead of the rainy season. Read on to discover how this scheme is changing lives in the agricultural sector.
Key Takeaways
- Rs 8,284 crore credited to farmers' accounts under Rythu Bharosa.
- 67.01 lakh farmers benefited from this scheme.
- Financial assistance of Rs 2,000 per acre provided annually.
- Farm loans of Rs 21,000 crore waived for 25 lakh farmers.
- Rythu Bharosa aims to support farmers ahead of the rainy season.
Hyderabad, June 12 (NationPress) The government of Telangana has successfully transferred Rs 8,284.66 crore into the bank accounts of 67.01 lakh farmers as part of the Rythu Bharosa, an investment support initiative aimed at assisting farmers.
Agriculture Minister Tummala Nageswara Rao reported that Rs 513.83 crore was allocated on Monday, which elevates the total disbursement to over Rs 8,284 crore.
The minister highlighted that farmers with less than 15 acres of land received the funds on Monday.
On June 12, the state government commenced the crediting of funds in farmers’ accounts to support investments for the upcoming rainy season.
Chief Minister A. Revanth Reddy announced that a total of Rs 9,000 crore would be deposited into farmers' bank accounts within nine days.
On the initial day, financial assistance was allocated to farmers owning up to two acres of land.
Additionally, Nageswara Rao declared that a meeting to commemorate the completion of Rythu Bharosa would take place at the Rajiv Gandhi statue in front of the State Secretariat on Tuesday.
He reviewed preparations for the event during a meeting with Chief Secretary Ramakrishna Rao and senior officials from various departments.
Chief Minister Revanth Reddy, Deputy Chief Minister Mallu Bhatti Vikramarka, and other ministers are expected to attend the meeting.
The Agriculture Minister reiterated that the state government is committed to providing comprehensive support to farmers, with the goal of elevating their status.
He noted that Rs 9,000 crore were credited to farmers before they began their sowing activities.
Furthermore, he mentioned that the government has waived farm loans for 25 lakh farmers amounting to Rs 21,000 crore, marking this as the second-highest loan waiver in the country, after the Rs 70,000 crore waiver during Manmohan Singh's tenure as Prime Minister.
Under Rythu Bharosa, farmers receive annual financial aid of Rs 2,000 per acre of cultivable land, distributed in two installments across two crop seasons.
Launched in January this year, Rythu Bharosa replaces the previous Rythu Bandhu scheme, which provided farmers with Rs 10,000 per acre annually.
Point of View
The Telangana government's Rythu Bharosa initiative exemplifies a commendable approach towards agricultural support. By crediting significant amounts directly into farmers' accounts, the government demonstrates its commitment to fostering growth in the agricultural sector. This model of direct financial assistance could serve as a benchmark for other states aiming to enhance farmer welfare and economic stability.
NationPress
23/06/2025
Frequently Asked Questions
What is Rythu Bharosa?
Rythu Bharosa is an investment support scheme launched by the Telangana government aimed at providing financial assistance to farmers.
How much has been credited under Rythu Bharosa?
A total of Rs 8,284.66 crore has been credited into the accounts of farmers under the Rythu Bharosa scheme.
Who are eligible for the financial assistance?
Farmers owning less than 15 acres of land are eligible for the financial assistance provided under Rythu Bharosa.
What is the annual assistance amount?
Farmers receive annual financial assistance of Rs 2,000 per acre of arable land under the Rythu Bharosa scheme.
When was Rythu Bharosa launched?
Rythu Bharosa was launched in January of this year, replacing the previous Rythu Bandhu scheme.
