Telangana to deposit ₹9,000 crore in farmers' accounts in 9 days under Rythu Bharosa
Synopsis
Key Takeaways
The Telangana government will transfer ₹9,000 crore directly into farmers' bank accounts within nine days under the Rythu Bharosa investment support scheme, Chief Minister A. Revanth Reddy announced on Tuesday, 30 June. The announcement was made at a public meeting in Hyderabad following the release of funds under the scheme.
Rythu Bharosa: Scale and Scope
Chief Minister Revanth Reddy stated that his government has raised the per-farmer Rythu Bharosa payout to ₹12,000 and has, to date, deposited ₹27,000 crore into farmers' accounts under the scheme. Including a ₹7,000 crore tranche released immediately after taking office, the total disbursed under Rythu Bharosa stands at ₹36,000 crore, according to the Chief Minister.
He also said the government has spent ₹1,75,000 crore on farmers' welfare overall, averaging ₹6,000 crore per month — compared to what he claimed was ₹2,000 crore per month under the previous Bharat Rashtra Samithi (BRS) administration.
Drought Conditions and Seed Support
Citing deficient rainfall and prevailing drought conditions across parts of the state, Revanth Reddy appealed to farmers to cultivate the seven high-yielding paddy varieties prescribed by the state government. He added that an adequate quantity of fine-variety paddy seeds has been made available at Rythu Vedikas (farmers' platforms) across Telangana.
Loan Waivers and Welfare Spending
The Chief Minister outlined key agricultural welfare measures undertaken over the past 30 months. His government, he said, waived ₹20,000 crore in loans owed by 25.35 lakh farmers. In addition, the government has spent ₹30,000 crore on free power supply to farmers, ₹4,000 crore as a bonus for fine-variety paddy, and ₹3,500 crore on farmer insurance.
Revanth Reddy also asserted that free electricity for farmers was a Congress party initiative, pushing back against claims by the BRS on the issue.
Political Barbs at BRS and BJP
The Chief Minister challenged the BRS to a debate on farmers' issues in a special session of the Telangana State Assembly, daring the main opposition to compare its decade-long record against his government's two-and-a-half years in office.
He also targeted the Bharatiya Janata Party (BJP), taking aim at a comment by BJP national president Nitin Nabin about the party coming to power in Telangana at the next elections. Revanth Reddy recalled that Prime Minister Narendra Modi had promised to deposit ₹15 lakh into every poor person's account and pledged 2 crore jobs annually. 'By now, 24 crore jobs should have been created. Did that happen?' he asked.
On the state's fiscal position, the Chief Minister said Telangana's outstanding debt stood at ₹69,000 crore when the state was formed on 2 June 2014, and had risen to ₹8,11,000 crore by the time the Congress government was sworn in on 7 December 2023 — a figure he attributed to the BRS administration. He added that infrastructure projects including the Musi rejuvenation project, Regional Ring Roads, and Metro Rail expansion would proceed despite opposition.