The Telangana government on Tuesday began providing financial assistance to farmers who own five plots of land under Rythu Bandhu.
Authorities began placing large amounts under the investment support program in the treasuries of farmers who owned more than five acres.
The state government has given Rs 3,946 crore to 51.99 lakh farmers who own land up to four acres.
According to State Finance Minister Harish Rao, the government has now provided 78.93 lakh acres.
He instructed the officials to make sure there was no problem leaving the amount in the farmers’ treasury.
The minister said that due to the financial crisis in the state, the government was taking steps to ensure that suitable farmers had access to financial assistance for the ‘Vanakalam’ or Kharif period. .
Under Rythu Bandhu, the government puts Rs 5,000 per acre into farmers ’coffers before the start of each crop season.
The release for Kharif’s term began last week.
Finance Minister S. Niranjan Reddy said the Kharif term plan would benefit about 68.1 lakh farmers in the state covering 1.5 crore acres of farmland.
Starting with farmers who own land up to one acre, officials are covering all the benefits at all levels. The minister said at the time of Kharif that a total of Rs 7,521 crore would be left in the working class.
In the month of December -January the government deposited Rs 7,411.52 crore in the treasury of 62.99 lakh farmers in the state.
Funding under the state flag program covered 1,48,23,000 acres across the state for the Rabbi’s time.
When the project starts in 2018, the government will provide Rs 8,000 per acre annually (for the Rabbi and Kharif seasons). The amount has been increased to Rs 10,000 from 2019.
On January 10, the cumulative aid granted under the scheme touched the Rs 50,000 crore mark.
Niranjan Reddy, Rythu Bandhu, the opinion of Prime Minister K. Chandrasekhar Rao, said it was ensuring a benefit for farmers and had helped transform agriculture in the state. He said no other state in the country was doing that for the benefit of the farmers.
(Only the title and image of this report were re -created by Business Standard staff; the rest of the information was created from a syndicated feed.)