The government of Telangana on Tuesday started disbursing financial assistance to farmers owning over five acres of land under Rythu Bandhu.
Authorities began depositing the amount under the investment support scheme into the bank accounts of farmers who own more than five acres of land.
The state government has so far disbursed Rs 3,946 crore to 51.99 lakh farmers who own up to four acres of land.
According to state Finance Minister Harish Rao, the government has so far disbursed the amount for 78.93 lakh acres.
He directed officials to ensure that there are no glitches in depositing the amount in the bank accounts of farmers.
The minister said depsite the financial problems faced by the state, the government is taking steps to make sure that all eligible farmers get the financial assistance for 'Vanakalam' or Kharif season.
Under Rythu Bandhu, the government credits Rs 5,000 per acre into the farmers' bank accounts before the beginning of every crop season.
The disbursement for Kharif season began last week.
Finance minister S. Niranjan Reddy said the scheme during Kharif season will benefit about 68.1 lakh farmers in the state covering a total cultivable land of 1.5 crore acres.
Starting with farmers owning up to one acre land, the authorities are covering all beneficiaries in phases. The minister said during Kharif season a total of Rs 7,521 crore will be deposited in a phased manner.
During December -January the government had deposited Rs 7,411.52 crore into the bank accounts of 62.99 lakh farmers in the state.
The investment support under the state's flagship scheme had covered 1,48,23,000 acres across the state for the Rabi season.
When the scheme was launched in 2018, the government was providing Rs 8,000 per acre per year (for both Rabi and Kharif seasons). The amount was enhanced to Rs 10,000 from 2019.
On January 10, the cumulative assistance provided under the scheme touched Rs 50,000 crore mark.
Niranjan Reddy said Rythu Bandhu, the brainchild of Chief Minister K. Chandrasekhar Rao, is proving a boon for farmers and it has helped transform agriculture in the state. He claimed that no other state in the country is implementing such a scheme for the welfare of farmers.
--IANS
ms/dpb
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app