Good News! Farmers to Receive Rythu Bandhu Money in Their Accounts from Today

Good News for farmers in Telangana! The state government will start crediting Rs 5,000 / acre to the bank accounts of farmers from today (15 June 2021), under Rythu Bandhu scheme.

It must be noted that there are many government schemes in agriculture that is benefitting crores of farmers in India. 

Telangana will provide Rs 7,509 crore as investment support to more than 63 lakh farmers in the state for cultivation during Kharif season under the scheme.

Agriculture Minister S. Niranjan Reddy on Sunday said that the government had made all preparations to credit the amount at the rate of Rs 5,000 / acre to the bank accounts of farmers from 15 to 25 June.

It must be noted that farmers who received landholding (pattadar) passbooks & registered their details via CCLA on the Dharani portal by 10^th June will be eligible to get Rythu Bandhu financial assistance.

He told that the CCLA has submitted a list of 63, 25,695 beneficiaries to the state agriculture department. The departments estimated that around Rs 7,508.78 crore would be required for financial aid under the scheme for cultivation on 150.18 lakh acres across Telangana.

Besides, an additional 66,311 acres has been brought under the scheme this year, which will benefit around 2.81 lakh farmers.

Objective of Rythu Bandhu Scheme

Rythu Bandhu Scheme, also known as Agriculture Investment Support Scheme, is a welfare program to support farmer’s investment for 2 crops a year by Telangana Government. The Agriculture & Farmer Welfare Department of Telangana Government launched the Rythu Bandhu scheme in 2018.

The main objective of the scheme is to prevent farmers from taking personal loans at huge interest rates & rescue them from financial pitfalls. Under Rythu Bandhu scheme, cultivators will directly get financial support two times a year - during the two main harvest seasons.

The Telangana government provides Rs 5,000 per acre per season to a farmer for purchase of inputs like seeds, fertilisers & pesticides, twice a year i.e. for ‘Rabi’ and ‘Kharif’ seasons.

For more details visit - http://rythubandhu.telangana.gov.in/