Telangana Government to Release ₹4,000 Crore for Farmers Under Rythu Bharosa Scheme
Rs 4,000 Crore Boost For Farmers As Telangana Govt To Release 2nd 'Rythu Bharosa' Installment
News 18
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The Telangana government is set to disburse ₹4,000 crore ($480 million USD) in the second installment of the Rythu Bharosa scheme, benefiting farmers with landholdings up to five acres. This financial aid aims to support agricultural activities during the Yasangi (Rabi) season, with payments expected between April 15 and April 22, 2023.
- 01The second installment of the Rythu Bharosa scheme will provide ₹4,000 crore ($480 million USD) to farmers in Telangana.
- 02Eligible farmers with landholdings up to five acres will receive financial assistance during the critical Yasangi (Rabi) season.
- 03The government aims to disburse a total of ₹9,000 crore ($1.08 billion USD) in three phases this agricultural season.
- 04The scheme is expected to benefit nearly 70 lakh farmers, significantly boosting their confidence and reducing reliance on loans.
- 05Payments will be made directly to beneficiaries' bank accounts through the Direct Benefit Transfer (DBT) system, ensuring timely support.
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The Telangana government is preparing to release ₹4,000 crore ($480 million USD) in the second installment of the Rythu Bharosa scheme, aimed at supporting farmers with landholdings of up to five acres. This financial assistance will be crucial during the Yasangi (Rabi) season, which involves significant expenses for crops such as wheat and chickpeas. Payments are expected to be credited between April 15 and April 22, 2023. The initiative is part of the government's broader commitment to allocate ₹9,000 crore ($1.08 billion USD) in total during the current agricultural season, with the first phase already benefiting approximately 70 lakh farmers. The second phase will extend coverage to farmers with landholdings between one to five acres, and the funds will be transferred directly to bank accounts through the Direct Benefit Transfer (DBT) system, minimizing delays and ensuring timely support. Despite fiscal challenges, Chief Minister Revanth Reddy has assured the public of the government's commitment to timely disbursal, which is anticipated to alleviate farmers' reliance on loans and enhance crop outcomes.
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The financial assistance is expected to significantly support farmers during the critical agricultural season, helping them manage costs for seeds, fertilizers, and labor.
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