Telangana Govt begins disbursement of Rythu Bandhu funds

The disbursement of funds under Rythu Bandhu investment assistance scheme will begin with immediate effect. Chief Minister A Revanth Reddy directed the officials on Monday to release the funds available with the treasury and ensure that farmers do not face any challenges as agricultural activities for the ensuing Yasangi (Rabi) season, have already commenced in some districts.

In a marathon review on agriculture and Rythu Bandhu disbursement for nearly three hours at his chambers in Dr BR Ambedkar Telangana State Secretariat here on Monday, the Chief Minister discussed extensively on agriculture and allied departments along with implementation of farmers’ welfare schemes. “No farmer should suffer for unavailability of investment assistance. The funds should be released immediately without further delay,” he



directed the officials.

Accordingly, the State government will deposit Rs 5,000 per acre into the bank accounts of all eligible farmers under the existing Rythu Bandhu scheme to ensure timely support to farmers, for Yasangi season. “The modalities for the Rythu Bharosa scheme proposed by the current government are yet to be finalised, while funds for Rythu Bandhu have been already deposited in the treasury. Hence, the Chief Minister decided to go ahead with the existing scheme for this one time, to ensure that farmers do not face any trouble,” an official said.

Further, Revanth Reddy asked the officials to prepare an action plan for implementing the proposed waiver of crop loans upto Rs 2 lakh. He wanted the proposals to be worked out in detail and submitted to the government for necessary approvals.