Rythu Bandhu funds to be released by Telangana from 28 December

Rythu Bandhu funds, ₹10,000 per acre, would be credited to the accounts of all farmers by Sankranthi in their bank accounts.

ByPTI

Published Dec 18, 2022 | 9:07 PMUpdatedDec 18, 2022 | 9:07 PM

Rythu Bandhu funds

Telangana Chief Minister K Chandrashekar Rao on Sunday, 18 December, directed the state’s Finance Minister T Harish Rao to start releasing the crop investment — Rythu Bandhu — funds for the yasangi (rabi) harvest season from 28 December.

An official release from the chief minister’s office said the Rythu Bandhu funds, starting from one acre, as usual, would be credited to the accounts of all farmers by Sankranthi and for this, the state government would deposit ₹7,600 crore in their bank accounts.

Through the scheme, the government provides crop investment to the farmers at the rate of ₹10,000 per acre for both vanakalam (kharif) and yasangi seasons.

The scheme, considered a revolutionary activity in the country’s agriculture sector, is delivering optimum results, it said.

Along with free irrigation, free electricity, and farmer insurance, a revolutionary development has taken place in agriculture in the State by providing direct investment in the farmer’s account to take up farming activities, the release further said.

Also read: Debts mount as welfare schemes elude tenant farmers

The Telangana government’s pro-agricultural activity not only stood as the best example for the country but also led to a paradigm shift in the country’s agricultural sector.

The state government’s agricultural policies are influencing the neighbouring state governments and also the Centre towards paving the way for the welfare of the farmers and agricultural growth, according to the release.

The Centre is trying to make the people of Telangana suffer by not releasing ₹40,000-crore funds which are “rightfully due” to the state under various schemes and programmes, it alleged.

Despite the Centre creating hurdles, the state government is not compromising on the welfare of farmers and the development of the farming sector and releasing Rythu Bandhu funds timely to the farmers every season, it added.

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