Has Telangana Started Crediting Rythu Bharosa Funds to Farmers’ Accounts?
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Synopsis
On June 12, Telangana's government deposited Rs 2,349 crore into farmers' accounts under the Rythu Bharosa scheme. Chief Minister A. Revanth Reddy emphasized the importance of farmer support and announced further credits. This initiative aims to counteract the financial burdens left by previous administrations, showcasing a commitment to agricultural welfare.
Key Takeaways
- Rs 2,349 crore credited to farmers' accounts under Rythu Bharosa.
- Future disbursement of Rs 9,000 crore planned.
- Annual assistance of Rs 12,000 per acre for farmers.
- Scheme aims to replace the older Rythu Bandhu initiative.
- Emphasis on recovering from previous financial mismanagement.
Hyderabad, June 12 (NationPress) The Telangana government has successfully deposited Rs 2,349 crore into the bank accounts of farmers as part of the Rythu Bharosa scheme, which serves as an investment support initiative for farmers. Chief Minister A. Revanth Reddy announced the release of funds benefiting 41.25 lakh farmers.
He revealed plans to credit an additional Rs 9,000 crore into farmers' accounts within the next nine days.
Agriculture Minister Tummala Nageswara Rao stated that on the inaugural day, funds were allocated for farmers cultivating up to two acres of land, covering 39.16 lakh acres on the first day alone.
Through this scheme, farmers receive annual financial assistance of Rs.12,000 for each acre of cultivable land, disbursed in two installments across two crop seasons.
Introduced in January of this year, Rythu Bharosa replaces the earlier Rythu Bandhu initiative from the previous BRS administration, which provided Rs 10,000 per acre annually.
During his participation in the Rythu Nestham program aimed at engaging with farmers in Rajendranagar, located on the outskirts of Hyderabad, Chief Minister Revanth Reddy emphasized that no government can succeed without the backing and blessings of farmers.
He asserted that the Congress government has invested Rs one lakh crores for farmers' welfare within just 18 months and expressed readiness to debate the steps taken for farmers' benefit in every village.
Criticizing BRS leaders, he claimed they failed to make any significant contributions during their decade-long rule, leading to Telangana's current financial struggles.
Revanth Reddy highlighted that the previous government left the state with a financial burden of Rs 8.20 lakh, which severely impacts the current administration's ability to address issues such as fee reimbursements and farm loan waivers.
He concluded by stating that despite these challenges, his government is determined to rectify the situation and implement various support schemes for farmers.
Point of View
The recent actions of the Telangana government to provide substantial financial support to farmers through the Rythu Bharosa scheme highlight an important commitment to agricultural development and welfare. This initiative not only aims to alleviate financial burdens but also signifies a critical pivot towards sustainable farming support in the region.
NationPress
16/06/2025
Frequently Asked Questions
What is the Rythu Bharosa scheme?
The Rythu Bharosa scheme is an investment support initiative by the Telangana government aimed at providing financial assistance to farmers, offering Rs 12,000 annually for each acre of cultivable land.
How much money was credited to farmers' accounts?
On June 12, the Telangana government credited Rs 2,349 crore into the accounts of farmers under the Rythu Bharosa scheme.
Who announced the fund release?
The release of funds was announced by Chief Minister A. Revanth Reddy.
What are the future plans for fund release?
The Chief Minister stated that an additional Rs 9,000 crore will be credited to farmers' accounts within the next nine days.
How does Rythu Bharosa compare to the previous scheme?
Rythu Bharosa replaces the earlier Rythu Bandhu scheme, which provided Rs 10,000 annually per acre.
