Telangana farmers to get financial aid under ‘Rythu Bandhu’ from today. All you need to know

According to the chief minister’s office (CMO), the amount will be credited towards 1.52 crore acres of cultivated land at the rate of Rs.5,000 per acre for upcoming cropping season.
Telangana chief minister K Chandrashekhar Rao said more than <span class='webrupee'>₹</span>7,500 crore would be directly transferred to the bank accounts of around 6.14 million farmers.(PTI)
Telangana chief minister K Chandrashekhar Rao said more than 7,500 crore would be directly transferred to the bank accounts of around 6.14 million farmers.(PTI)
Updated on Dec 28, 2020 04:22 PM IST
Copy Link
Hindustan Times, New Delhi | | Edited by Kunal Gaurav

Telangana chief minister K Chandrashekhar Rao on Sunday announced that all farmers in the state will receive financial assistance under the ‘Rythu Bandhu’ scheme from December 28. A day after a review meeting at Pragathi Bhavan, Rao said more than 7,500 crore would be directly transferred to the bank accounts of around 6.14 million farmers. The financial aid will be given to the farmers from December 28 to January 7.

According to the chief minister’s office (CMO), the amount will be credited towards 15.2 million acres of cultivated land at the rate of 5,000 per acre for upcoming cropping season. Rao instructed the concerned officials to ensure that each and every farmer in the state receives the benefit of the scheme, the release said.

“He (Rao) said the assistance should begin with farmers who have less holding of lands and to the farmers having a large extent of holding and all farmers should get the assistance in 10 days,” the statement read.

During the review meeting, the officials had also apprised the chief minister of the heavy losses incurred by the government to the tune of 7,500 crore due to the purchase of paddy, sorghum, maize, redgram, Bengal gram and sunflower. The officials said that though the government purchased at the Minimum Support Price (MSP), it had to sell them at the lower prices in the market, as there was no demand for these crops.

What is ‘Rythu Bandhu’ scheme?

The state-run scheme, formally known as the Agriculture Investment Support Scheme, is aimed at incentivising lakhs of farmers every crop-sowing season to support farm investment. The government provides financial assistance for the purchase of inputs like seeds, fertilisers, pesticides, labour and other investments in the field.

Under the scheme, every farmer in Telangana is supposed to receive 5000 per acre for two seasons - Rabi and Kharif - which amounts to 10,000 every year for an acre of cultivated land. The direct money transfer in farmers’ bank account allows them to withdraw the amount from the post offices near them, instead of travelling to the towns and cities. According to the government website, the farmers can withdraw the amount through the micro ATMs available through thousands of post offices in rural areas of Telangana.

Close Story

Less time to read?

Try Quickreads

  • A view of Kashi Vishwanath Temple Dham and Gyanvapi Masjid complex, in Varanasi. The mosque is located close to the iconic Kashi Vishwanath temple and the Varanasi court is hearing a plea to allow daily prayers before the idols on its outer walls. (PTI File Photo)

    Found stone carvings of gods in Gyanvapi complex, says Mishra report

    LUCKNOW: Possible remnants of an old Hindu temple with several stone carvings of gods and goddesses were found in the Gyanvapi Masjid complex in Varanasi during a two-day survey by former advocate commissioner Ajay Kumar Mishra on May 6 and 7, said people aware of developments on Thursday. A person with direct knowledge of Mishra's report said it cited the presence of four idol-like structures with 'Sinduri' and a possible arrangement for lighting diyas.

  • File photo of the Delhi high court.

    Centre's grain, no L-G nod: HC sets aside Delhi govt's doorstep delivery scheme

    The Delhi high court on Thursday set aside the Aam Aadmi Party-led government's doorstep delivery of ration scheme, stating that the Centre's grain cannot be used for this scheme. The judgment came on a plea by the Delhi Sarkari Ration Dealers Sangh challenging the doorstep ration delivery scheme of the government, headed by Arvind Kejriwal. The high court interim order also effectively gave a go-ahead to the state government scheme.

  • 40-year-old Sriram P was electrocuted after he came in contact with a damaged wire from a cleaning machine at his workplace.

    40-year-old Bengaluru man gets electrocuted at butcher shop

    In a tragic incident, a 40-year-old man who worked in a butcher shop died after being electrocuted on Wednesday morning in Doddaballapura. The deceased has been identified as Sriram P, who was working at the HAJ Chicken Centre on Court Road. Sriram was reportedly cutting chicken using a cleaning machine at around 5:15 a.m. on Wednesday when the incident occurred. This is the fourth case of electrocution in just over a month in Bengaluru.

  • The Supreme Court on Thursday sentenced former Punjab Congress chief Navjot Singh Sidhu to one year in jail in the 1988 road rage case. (HT file photo)

    SC sentences Sidhu to one-year jail in 1988 road rage case: Timeline

    The Supreme Court on Thursday imposed a one-year jail sentence on cricketer-turned-politician Navjot Singh Sidhu in a 1988 road rage case. Also read: Former Punjab Congress chief Sunil Jakhar joins BJP A bench of justices AM Khanwilkar and SK Kaul allowed the review plea filed by the victim's family on the issue of the sentence awarded to a former Punjab Congress president, Sidhu. Friends took 65-year-old Gurnam Singh to the local Rajindra Hospital in a rickshaw.

  • Restaurateurs say they are also delighted to reintroduce the concept of Ladies’ Night (Photo: Shutterstock)

    Ladies, it’s party time again!

    Put on your dancing shoes, it's girls night out! One such step is the revival of popular ladies night with free cocktails and shots to engaging entertainment on an otherwise dull weekday. Many newly opened eateries are also adopting the concept. Going beyond the traditional idea of ladies night, 1 Oak, has introduced offers every day of the week for female patrons.

Story Saved
Saved Articles
My Reads
Sign out
New Delhi 0C
Thursday, May 19, 2022