Telangana KCR sets target Rythu Bandhu 2nd Phase in September
Telangana KCR sets target Rythu Bandhu 2nd Phase in September. The Telangana government has released “Rs 5,925 crore” for the second phase of the “Rythu Bandhu scheme” for the rabi season. This is part of the Rs 11,925 crore allocated in the 2018-19 Budget for the scheme that seeks to provide financial assistance of Rs 4,000 each to farmers for every acre they own.
The scheme is aimed at providing liquidity to farmers, to take care of the purchase of inputs ahead of the agricultural season. Disbursals for the kharif season were completed last month. The second phase of disbursals, aimed at providing financial assistance for the rabi season, is expected to kick off next month.
The state government issued an order on Saturday sanctioning Rs 5,925 crore to the Department of Agriculture. This would complete utilisation of budgetary allocations for the scheme. The government chose to hand over the money through cheques, and not through direct transfer into the bank accounts of the farmers.
Rythu Bandhu features of the scheme:
- Rs 8000 per acre grant to all Telangana farmers every year (Rs 4000 per crop season).
- Rs 12000 crores budget allocated for the scheme (the financial year 2018-19).
- 58 lakh farmers in the state to benefit’s.